COAL INDIA LTD. - 533278 - News Clarification- 'BHEL Signs Mou With CIL, NLCIL For Setting Up Coal Gasification Projects"
Kindly refer to your mail dated 13th Oct' 22 on the captioned subject. Reply of Coal India Limited is as under:- 'CIL has executed three separate NON-BINDING agreements in form of MOUs on 12.10.2022, viz. (i) CIL & BHEL, (ii) CIL & IOCL, and (iii) CIL & GAIL. It is clarified that these agreements are only an intention to carry out collaborative efforts for enabling CIL to study the feasibility of using coal for Surface Coal Gasification (SCG) and for production of value added chemicals. Only after due diligence and finalizing all the terms and conditions, the parties may consider to enter into definitive agreement after obtaining the approval of respective Boards and complying to GOI guidelines, if any. Once the parties enter into the definitive agreement, the stock exchange would be duly notified. As such, at this stage there is no material impact of the referred news article on the Company14-10-2022
