BPCL and Coal India form JV for Maharashtra gasification project

Bharat Petroleum Corporation Limited (BPCL) announced on December 18, 2025, that its Board approved the formation of a Joint Venture (JV) with Coal India Limited (CIL). This JV aims to set up a Coal Gasification Project in Western Coal fields, Maharashtra, pending regulatory approvals. The proposed JV's shareholding pattern will be 49% for BPCL and 51% for CIL.

The project's objective is to construct, operate, and maintain the Coal Gasification Project to produce synthetic natural gas (SNG). This initiative leverages CIL's expertise in domestic coal production and BPCL's capabilities in refining and gas marketing. The SNG will serve as an indigenous alternative to imported natural gas, enhancing energy security and reducing import dependence.

Details regarding the total project cost, investment by JV partners, and definitive agreement terms will be finalized following a detailed feasibility study and project report. The authorized share capital of the JV will also be determined in due course.