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India approves coal gasification policy based on revenue sharing model

The Indian government on Thursday approved a national coal gasification policy under which coal and lignite blocks would be allocated through auction, with revenue sharing contracts signed with successful bidders.

Under a decision taken by the Union Cabinet of Ministers, an inter-ministerial committee under the Coal Ministry would be established and entrusted to identify suitable lignite and coal blocks for gasification projects and subsequently put up for auction, a government official said.