Coal India Limited (CIL) has inked a memorandum of understanding (MoU) with Indian Institute of Technology, Hyderabad (IIT-H), on 7 March, for establishing a Centre of Clean Coal Energy and Net Zero (CLEANZ) at Hyderabad.
The joint initiative between CIL and IITH aims to develop clean coal technologies and diversification in coal utilization. Both the entities will synergize their efforts in developing cutting edge technology readiness level (TRL) for sustainable utilization of Indian coal. This is in line with the country's Net Zero commitments.
The country's Coal Ministry is also keen in developing research capabilities in coal sector and advised to take up research projects relevant to India's coal and energy sectors.
The pact was formally signed by P M Prasad, Chairman, CIL and Prof. B S Murty, Director, IITH in Hyderabad.
CIL's management has green flagged a grant of Rs.98 Crores to IITH for a duration of five years for setting up this Centre of Excellence. It is anticipated that the project will be financially self-sustainable beyond the initial five year funding received from CIL.
CIL's Board earlier in July 2024 has given its nod to focus on providing grants to reputed government institutions and research organizations under R&D expenditure. The objective is to enhance research capabilities and establishment of Centres of Excellence. The current collaborative model is an R&D endeavour under the umbrella of National Centre for Coal and Energy Research (NaCCER). This is an independent R&D unit of CMPDI, the mine development and consultancy arm of CIL.
CLEANZ envisions net zero utilization with special emphasis on low grade and rejected coal. The thematic areas under CLEANZ are enhanced coal bed methane and coal mine methane recovery, carbon capture technologies, coal gasification and syngas utilization, energy efficiency and conservation, artificial intelligence and machine learning among others.
Other salient features are training and assisting CIL officials in tech adoption, skill and capability enhancement, extraction and beneficiation technologies for critical minerals.
Shares of Coal India Limited was last trading in BSE at Rs. 380.55 as compared to the previous close of Rs. 382.30. The total number of shares traded during the day was 292568 in over 5405 trades.
The stock hit an intraday high of Rs. 389.55 and intraday low of 379.40. The net turnover during the day was Rs. 112379313.00. |
