Natural gas transmission and distribution company, GAIL India is going to be set up India's first coal-to-synthetic gas conversion plants in Odisha.
This synthetic gas is expected to be cheaper than natural gas.
GAIL has roped in other public sector undertakings like Coal India, Rashtriya Chemicals and Fertilizers and Fertilizer Corp of India for the project, which will generate ammonia synthesis gas from coal.
A new bio-fuels policy is to be placed for Cabinet approval soon that will detail things like investments, incentives, the maximum assured price etc. for the sector.