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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
Coal gasification crucial for India’s energy security and...
PTI · 2026-06-19 · via Commodity Market, Commodities News Today | The HinduBusinessLine
Maharashtra Chief Minister Devendra Fadnavis with Union Minister for Coal and Mines G Kishan Reddy at a roadshow event to promote Surface Coal/Lignite Gasification, in Mumbai on Thursday, June 18, 2026.

Maharashtra Chief Minister Devendra Fadnavis with Union Minister for Coal and Mines G Kishan Reddy at a roadshow event to promote Surface Coal/Lignite Gasification, in Mumbai on Thursday, June 18, 2026. | Photo Credit: ANI

Coal gasification is crucial for India’s long-term energy security and help the country reduce dependence on imports, Union coal and Mines Minister G Kishan Reddy said on Thursday.

Speaking at a roadshow on the central government’s scheme for the promotion of surface coal/lignite gasification projects in the financial capital, the minister said that investments in gasification projects would enable the domestic production of syngas, methanol, hydrogen, ethanol, urea, and sustainable aviation fuel, among others.

These products, which are currently imported in significant quantities, can increasingly be manufactured domestically through coal gasification, resulting in substantial foreign exchange savings, reduced import dependence and the creation of new industrial value chains across sectors, including fertilisers, steel, chemicals, transport and clean energy, the minister added.

The roadshow was attended by Maharashtra Chief Minister Devendra Fadnavis, Satish Chandra Dubey, Minister of State for Coal and Mines, Vikram Dev Dutt, Secretary, Ministry of Coal, along with senior officers of the ministry, representatives of Coal sector public sector enterprises, industry leaders, technology providers, investors and other stakeholders.

India targets large-scale coal conversion under National Coal Gasification Mission

The Union minister said that the country has the world’s fifth-largest coal reserves of over 400 billion tonnes, and the potential to convert its abundant coal resources into high-value products that can transform the country’s industrial landscape.

India is the world’s second-largest producer and consumer of coal, and Coal India Limited is the largest coal-producing company globally, he said, adding that the Gevra mine in Chhattisgarh is one of the world’s largest coal mines.

India’s 70 per cent electricity demand is met through coal, which contributes nearly 55 per cent of the country’s energy mix, he said, adding that the government is firmly committed to achieving the net-zero target by 2070 through cleaner and more efficient utilisation of domestic coal resources.

Referring to the National Coal Gasification Mission, Reddy said the government has set an ambitious target of gasifying 100 million tonnes of coal by 2030, and expressed confidence that the government’s incentive scheme would catalyse large-scale investments, accelerate technology adoption and establish India as a global leader in coal gasification.

He further said that the draft Request for Proposal (RFP) has been placed in the public domain for stakeholder consultations and suggestions, and feedback to further strengthen the implementation framework.

Maharashtra highlights energy security and investment opportunities

Stating that India is entering a new era of coal gasification powered by modern technologies, Maharashtra chief minister emphasised that Atmanirbhar Bharat is the pathway to Viksit Bharat, while energy security is fundamental to India’s growth and resilience.

Excessive dependence on imports makes the country vulnerable to global geopolitical developments and supply chain disruptions, Fadnavis said and invited investors and industry leaders to the state.

Published on June 19, 2026