BAJAJ BROKING
Coal India’s subsidiary, BCGCL held its first pre-bid meeting in Noida for its coal gasification project. Representatives from eight prospective bidding companies attended the meeting. Last month, BCGCL floated tenders for three lump sum turnkey packages.
Bharat Coal Gasification & Chemicals Ltd (BCGCL) recently organised its first pre-bid meeting for its inaugural coal gasification project, according to a statement by the government on Wednesday. This initiative marks a significant step in India's coal-to-chemicals industry.
The meeting was held on Monday in Noida, serving as a platform for discussions, clarifications, and the sharing of essential project information. It also provided opportunities for potential collaborations among stakeholders.
Explore: Coal India Ltd Share Price
Representatives from eight prospective bidding companies attended the meeting. The presence of these representatives underscores the interest and competitive nature of the bidding process.
Last month, BCGCL floated tenders for three lump sum turnkey packages. These packages are crucial for finalising the Detailed Feasibility Report (DFR), an important document for the project's progress.
The project is backed by a joint venture between Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL), with CIL holding a 51% stake. This collaboration led to the formation of BCGCL, a subsidiary dedicated to pursuing coal-to-chemical operations.
BCGCL has made significant strides with its maiden coal gasification project. The project, to be established in the Lakhanpur area of Mahanadi Coalfields Limited (MCL) in Odisha, has reached key milestones, including the recent tender announcements.
The first pre-bid meeting signifies a major advancement for BCGCL's coal gasification project. With government support and active participation from prospective bidders, the project is on track to revolutionise India's coal-to-chemicals industry.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading