ENA Sectors 2026-04-30 15:59:00 <p><span style="font-size:14px"><strong>New Delhi, Apr 30 (KNN)</strong> The Ministry of Coal has issued a Letter of Award (LoA) under Category III of Round II of the Rs 8,500 crore financial incentive scheme for promotion of coal gasification projects.</span></p> <p><span style="font-size:14px">The LoA was awarded to Kartikay Vayunandana Private Limited for setting up a coal-to-acetic acid plant in Gadchiroli. The project involves an investment of Rs 793 crore and will have an installed production capacity of 75,900 tonnes per annum of acetic acid.</span></p> <p><span style="font-size:14px">The scheme aims to promote coal and lignite gasification by supporting demonstration and small-scale product-based projects. Under Category III, financial assistance of up to Rs 100 crore per project or 15 per cent of capital expenditure, whichever is lower, is provided.</span></p> <p><span style="font-size:14px">The ministry said the initiative is part of efforts to encourage adoption of gasification technologies and enhance value-added utilisation of domestic coal resources.</span></p> <p><span style="font-size:14px">Seven projects are already under implementation under the first round of the scheme, while proposals for Round II were invited under multiple categories to attract further investments.</span></p> <p><span style="font-size:14px">The project is expected to contribute to domestic production of downstream chemicals, reduce import dependence, and support industrial development through alternative uses of coal.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 45979 https://knnindia.co.in/news/newsdetails/sectors/coal-ministry-issues-loa-for-gasification-project-under-incentive-scheme 2026-04-30 15:59:00 knnindia.co.in