India, Feb. 4 -- The government has selected three private entities, including Jindal Steel and Power Limited (JSPL), under category II of the Financial Incentive Scheme to promote coal/lignite gasification projects.
The government, on January 24, 2024, launched the scheme with financial outlay of Rs 8,500 crore to provide viability gap funding (VGF) to promote coal/lignite gasification projects for PSUs and private sector in three categories.
The Request for Proposals for category-II was issued on May 15, 2024, and technical bids were opened on January 10, 2025. This category has an outlay of Rs 3,850 crore, the ministry said in a statement.
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