Coal gasification will help steel makers to produce steel using swadeshi coal: Naveen Jindal

Kolkata: Coal gasification process (CGP) will definitely help steel makers in producing steel using swadeshi coal, truly leading towards an Atma Nirbhar Bharat, Naveen Jindal, chairman, Jindal Steel & Power Limited has said. He was commenting on announcements made by FM Nirmala Sitharaman on Saturday. The FM said coal gasification
and liquefication will be incentivised through rebate in revenue sharing, adding that coal bed methane (CBM) production would also be encouraged.

JSPL is the first company in India to build the coal gasification plant and the first in the world to produce DRI/Steel via coal gasification process, Jindal said.


"We have been requesting it for a long time and last year the Prime Minister too had stressed on its importance," he added.

"These well thought out reforms reflect that government is well abreast of ground realities. These measures will help steer our economy out of the present situation caused by pandemic Covid19," Jindal said in a statement.

India has third largest reserves of coal in the world. Coal gasification can help our country overcome the perennial shortage of Oil, Gas, Methanol, Ammonia and Urea, Jindal said.

"Apart from reducing current account deficit (CAD) by minimising unnecessary imports, this would also create employment for millions in the country, boosting the economy and encouraging clean coal technologies that use coal in an environment friendly manner, he added.