The Government of India is planning to put the domestic coal in a variety of uses, primarily aimed at lowering the import bill.
A plan is mooted to auction coal blocks in the country for private coal-to-gas, liquid and polychemical projects within this financial year.
The process of identification of blocks has already started,and notably, the mines will not be out of the 204 cancelled blocks.
Imports of chemicals, like Urea, Methanol, Ammonia and Ascetic Acid are worth USD 5.5 billion. Gasification of coal in production of the chemicals will help lower the import bill.
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