Economy, Banking and Finance · 4 April 2026

Mahanadi Coalfields Limited (MCL) and Bharat Coal Gasification and Chemicals Limited (BCGCL) sign land lease for 2,000-tonnes per day coal-to-ammonium nitrate project.

Exam-focused facts from the 4 April 2026 current affairs briefing.

Key facts

  • Mahanadi Coalfields Limited (MCL) and Bharat Coal Gasification and Chemicals Limited (BCGCL) signed a land lease agreement for a coal-to-ammonium nitrate project at Lakhanpur in Jharsuguda district, Odisha.
  • The agreement was signed in New Delhi on Wednesday in the presence of Union coal and mines minister G Kishan Reddy.
  • The project will have a capacity of 2,000 tonnes per day and will come up on 350 acres.
  • The project has received support of Rs 1,350 crore.
  • The project will use indigenous technology developed by Bharat Heavy Electricals Limited (BHEL).
  • Two major contracts have been awarded to BHEL and two others to Larsen & Toubro.
  • The Centre has approved an outlay of Rs 8,500 crore to promote coal gasification.
  • Seven coal gasification projects have been finalised, including three where groundbreaking ceremonies have been completed.