Coal India, GAIL Form Joint Venture to Tap Synthetic Natural Gas Market

MT Newswires Live

2025/03/26

Coal India (NSE:COALINDIA, BOM:533278) has incorporated a joint venture named Coal Gas India, according to a Wednesday filing to the Indian stock exchanges.

The JV was incorporated to implement an agreement between Coal India and GAIL (NSE:GAIL, BOM:532155) to establish a coal-to-synthetic natural gas (SNG) business.

Coal Gas India is owned 51% by Coal India and 49% by GAIL.

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