New Delhi, March 25 -- GAIL India and Coal India, on Tuesday, March 25, announced the incorporation of a joint venture (JV) to establish a coal-to-synthetic natural gas (SNG) project in the eastern coalfield.

Both state-run Maharatna companies announced in separate exchange filings on March 25 that they have entered a joint venture through Coal Gas India Limited.

For the joint venture, a new subsidiary of Coal India, 'Coal Gas India Limited' has been incorporated.

"The Ministry of Corporate Affairs, Government of India, has issued a certificate of incorporation to Coal Gas India Limited," said Coal India in an exchange filing.

More to come.

Published by HT Digital Content Services with permission from MINT....