NLC proposes to set up $56.41 mn methanol project in India

NLC India Ltd, a public sector company involved in integrated lignite/coal mining-cum-power generation, has proposed to set up a 1,200 tonne per day (TPD) methanol project at an outlay of $56.41 mn (Rs 4,400 crore).

Engineers India Ltd (EIL) was selected as project consultants for the methanol project, and the plant is expected to be commissioned by 2027.

The Niti Aayog had earlier recommended to implement the project on fast-track mode and will be monitoring its progress.

The methanol project is part of NLC’s diversification and it has requested the Ministry of Coal to include it under the proposed Production Linked Incentive Scheme.