Coal gasification process (CGP) will definitely help steel makers to make swadeshi coal-fired steel, leading to Atma Nirbhar Bharat, said Naveen Jindal, chairman of Jindal Steel & Power Limited. He commented on the announcements made by FM Nirmala Sitharaman on Saturday. The FM said that coal gasification and liquefaction would be encouraged by a rebate in revenue sharing, adding that the production of coal bed methane (CBM) would also be encouraged.
JSPL is the first company in India to build a coal gasification plant and the first in the world to produce DRI / Steel through a 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 the 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 the third largest coal reserves in the world. Coal gasification can help our country overcome the perennial shortages 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.
