Bharat Petroleum Corporation Ltd. (BPCL) has announced the approval to form a Joint Venture Company with Coal India Limited (CIL) for setting up a Coal Gasification Project at Western Coalfields, Maharashtra. The decision was made during a board meeting held on December 18, 2025. The project is subject to regulatory approvals. Further details regarding project cost and investment will be disclosed upon completion of feasibility studies.
Joint Venture Approved
Bharat Petroleum Corporation Limited (BPCL) has received board approval to form a Joint Venture Company with M/s. Coal India Limited (CIL). The approval was granted at a meeting held on December 18, 2025.
Project Details
The Joint Venture aims to establish a Coal Gasification Project at Western Coalfields, Maharashtra. This project is subject to customary regulatory approvals. Coal India Limited’s (CIL) Corporate Identification Number (CIN) is L23109WB1973GOI028844. The shareholding pattern of the proposed JV company will be: BPCL 49% and CIL 51%.
Future Developments
The total project cost and investment details, including contributions from JV partners, will be disclosed following the completion of the project feasibility study and Detailed Project Report.
Rationale and Expected Benefits
The collaboration aims to leverage Coal India’s strength in domestic coal production and BPCL’s expertise in refining and gas marketing. The project will produce synthetic natural gas (SNG). This initiative enhances energy security, reduces import dependence and supports sustainable industrial growth in India.
Source: BSE
