Bharat Heavy Electricals Limited (BHEL) and Coal India Limited (CIL) have strengthened their collaboration in energy diversification by establishing Bharat Coal Gasification and Chemicals Limited (BCGCL). The joint venture, targeting the expanding coal to chemicals sector, was formalized through a Joint Venture Agreement (JVA) signed on February 28, 2024.
BCGCL was incorporated as a Private Limited Company on May 21, 2024, with a mission to innovate in coal utilization and advance sustainable industrial practices. The company has an authorized capital of ₹11 crore and an initial paid-up capital of ₹1 lakh.
In the venture, CIL holds a majority stake of 51%, while BHEL owns the remaining 49%. BCGCL aims to engage in coal gasification processes, producing intermediate products such as syngas, ammonia, and nitric acid, with ammonium nitrate as the final product.
The venture has received key regulatory approvals from NITI Aayog and DIPAM, reflecting the government’s support for this initiative. As reported by Fibre2Fashion, by leveraging the expertise and resources of both BHEL and CIL, BCGCL is well-positioned to lead innovative approaches in the coal sector.
