NLC inks MoU with BHEL to develop indigenous lignite gasification technology; stock jumps ~2%

14 Oct 2022 , 11:29 AM

NLC India Ltd., a Public Sector Undertaking under the Ministry of Coal, has signed an MoU with BHEL, a Public Sector Undertaking under the Ministry of Heavy Industries, to develop indigenous Lignite Gasification technology.

The MoU was signed in the presence of Hon'ble Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi, Hon'ble Minister of Heavy Industries Mahendra Nath Pandey, Member (NITI Aayog) V. K. Saraswat, Secretary (Coal) Anil Kumar Jain, Secretary (Heavy Industries) Arun Goel, Addl Secretary (Coal) Vinod Kumar Tiwari, Addl Secretary (Coal) M Nagaraju and other senior officials of the Ministries as well as concerned PSUs.

The agreement will allow NLCIL to develop indigenous technologies and investigate the viability of utilising lignite for power generation via gasification and the production of value-added chemicals.

Coal gasification is widely regarded as one of the most practical and effective clean coal technologies for the manufacture of synthetic fuels, chemicals, a variety of thermal uses, and power generation. It also provides a viable method of exploiting lignite/coal in order to fulfill rigorous environmental criteria, said the company on Thursday.

The following endeavour was undertaken by NLCIL in accordance with the national aim of diversifying fuel supply through the creative usage of vast deposits of lignite.

At around 9.22 AM, BHEL was trading at Rs62.25 up by 2.64% from its previous closing of Rs60.65 on the BSE. On the other hand, NLC India also gained about 2% at Rs70.10, against previous close of Rs68.70 on BSE.

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