GMDC and NTPC Sign MoU to Explore Advanced Gasification of Coal and Lignite Resources

Gujarat Mineral Development Corporation Ltd. (GMDC), a Government of Gujarat enterprise, has entered a Memorandum of Understanding (MoU) with NTPC Limited, a Government of India Maharatna company, to jointly explore opportunities in coal and lignite gasification and downstream utilisation.

The MoU establishes a collaborative framework to assess the feasibility of gasification of coal from GMDC's coal blocks in Odisha and lignite from its mining operations in Gujarat. The initiative will focus on the combined efforts on the following key aspects:

- Pilot Projects for Gasification: GMDC will undertake pilot initiatives, including surface and underground coal and lignite gasification, as deemed appropriate, to evaluate technical feasibility, operational parameters, and scalability potential.

- Exploration of End-Use Applications: NTPC will assess potential end-use applications of the syngas produced, including evaluation of techno-commercial viability, market opportunities, and applicability across relevant industrial sectors.

- Joint Production and Commercialisation of Syngas: Subject to the successful outcomes of pilot initiatives, both organisations will work towards evolving mutually agreed frameworks for joint production, marketing, and commercialisation of syngas in a structured and sustainable manner.

- Development of a Time-Bound Action Plan: Both the organisations will collaboratively formulate a clearly defined and time-bound action plan to facilitate systematic progression of the initiative.

In parallel, GMDC has already initiated preliminary assessments of potential commercialization of downstream products and marketing strategy. The process of engaging technical partners for detailed feasibility studies is currently underway. The present MoU is expected to complement and strengthen these efforts by integrating NTPC's domain expertise in large-scale energy systems and project implementation, thereby providing institutional momentum to GMDC's gasification roadmap.

Commenting on this significant milestone, Shri Roopwant Singh, IAS, Managing Director, GMDC, said: "The collaboration with NTPC reflects GMDC's commitment to innovation-led growth and optimal utilisation of mineral resources. Exploring gasification technologies offers a greener pathway to creating greater value while supporting national objectives of energy security and industrial development."

Shares of Gujarat Mineral Development Corporation Limited was last trading in BSE at Rs. 576.40 as compared to the previous close of Rs. 564.55. The total number of shares traded during the day was 117372 in over 2069 trades.

The stock hit an intraday high of Rs. 579.00 and intraday low of 562.85. The net turnover during the day was Rs. 67173317.00.

Shares of NTPC Limited was last trading in BSE at Rs. 381.85 as compared to the previous close of Rs. 384.90. The total number of shares traded during the day was 449207 in over 23821 trades.

The stock hit an intraday high of Rs. 386.00 and intraday low of 378.30. The net turnover during the day was Rs. 171733431.00.

Source : Equity Bulls

Keywords

GujaratMineralDevelopmentCorporation INE131A01031 GMDC Coal NTPC INE733E01010