{"id":19380,"date":"2024-01-24T16:25:34","date_gmt":"2024-01-24T16:25:34","guid":{"rendered":"https:\/\/thenftimes.com\/index.php\/2024\/01\/24\/coal-india-to-set-up-ammonium-nitrate-project-in-odishas-jharsuguda-n-f-times\/"},"modified":"2024-01-24T16:25:35","modified_gmt":"2024-01-24T16:25:35","slug":"coal-india-to-set-up-ammonium-nitrate-project-in-odishas-jharsuguda-n-f-times","status":"publish","type":"post","link":"https:\/\/thenftimes.com\/index.php\/2024\/01\/24\/coal-india-to-set-up-ammonium-nitrate-project-in-odishas-jharsuguda-n-f-times\/","title":{"rendered":"Coal India to set up Ammonium Nitrate project in Odisha\u2019s Jharsuguda &#8211; N.F Times"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-513937\">&#13;<\/p>\n<div class=\"post-header post-tp-1-header\">\n<div class=\"single-featured\"><\/div>\n<\/p><\/div>\n<p>&#13;<br \/>\n\t\t\t\t\t&#13;<\/p>\n<div class=\"entry-content clearfix single-post-content\">\n<p>New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved two major projects to be taken up by Coal India Ltd (CIL) involving a total investment of Rs 24,834.86 crore.<\/p>\n<p>The first proposal relates for equity investment by CIL for setting up of Coal-to-SNG (Synthetic Natural Gas) Project at ECL command area through a JV with public sector gas major GAIL while the second proposal is for setting up of a Coal-to-Ammonium Nitrate Project at MCL command area through a joint venture between CIL and public sector giant BHEL.<\/p>\n<p>The CCEA has given the go-ahead to the CIL proposal for equity capital of Rs 1,997.08 crore (\u00b1 25 per cent) considering a Debt-Equity Ratio of 70:30, and 51 per cent Equity Investment in the JV Company with an estimated Project Capex of Rs 13,052.81 crore (accuracy of \u00b1 25 per cent) for the proposed Coal-to-Synthetic Natural Gas (SNG) at Sonepur Bazari Area of Eastern Coalfields Limited (ECL) in Burdwan district of West Bengal through JV of CIL and GAIL.<\/p>\n<p>The CCEA has also cleared the second CIL proposal for equity capital of Rs 1,802.56 crore (\u00b1 25 per cent) considering a Debt-Equity Ratio of 70:30, and 51 per cent Equity Investment in JV Company with an estimated Project Capex of Rs 11,782.05 crore (accuracy of \u00b1 25 per cent) for the proposed Coal-to-Ammonium Nitrate (AN) at Lakhanpur Area of Mahanadi Coalfields Limited (MCL) in Jharsuguda district of Odisha through a JV of CIL and BHEL.<\/p>\n<p>The approval has been given for equity investment by CIL beyond 30 per cent of its net-worth in the two JVs.<\/p>\n<p><strong>(IANS)\u00a0<\/strong><\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n&#13;\n\t\t\t\t\t\t<\/p><\/div>\n<p><script>(function(d, s, id) {\n    var js, fjs = d.getElementsByTagName(s)[0];\n    if (d.getElementById(id)) return;\n    js = d.createElement(s); js.id = id;\n    js.src = \"\n    fjs.parentNode.insertBefore(js, fjs);\n  }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] &#13; &#13; &#13; New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved two major projects to be taken up by Coal India Ltd (CIL) involving a total investment of Rs 24,834.86 crore. The first proposal relates for equity investment by CIL for setting up of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[69],"tags":[],"class_list":["post-19380","post","type-post","status-publish","format-standard","category-states"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/19380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=19380"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/19380\/revisions"}],"predecessor-version":[{"id":19382,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/19380\/revisions\/19382"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=19380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=19380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=19380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}