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Coal India incorporates joint venture with GAIL to tap the synthetic natural gas market
Petroleum - Mar 27,2025 -Coal India Ltd. (CIL) has announced the incorporation of "Coal Gas India Ltd.," a new subsidiary, formed as a joint venture with GAIL (India) Ltd.
This strategic move signifies Coal India's expansion into the synthetic natural gas (SNG) sector and aligns with the company's diversification plans.
The incorporation certificate for Coal Gas India Ltd., bearing CIN U19201WB2025GOI277773, was issued by the Ministry of Corporate Affairs on March 25, 2025. This follows the JV agreement signed between CIL and GAIL, which was announced in August last year.
Coal Gas India Ltd. has an authorized share capital of Rs 11 lakh and an initial paid-up capital of Rs 1 lakh (Rupees One Lakh only).
Coal India will hold a 51% stake in the subsidiary, with an investment of Rs 51,000, while GAIL holds the remaining 49% with an investment of Rs 49,000.
Company : Coal IndiaGAIL
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