Government selects JSPL, 2 others for Financial Incentive Scheme

The authorities has selected 3 backstage entities, including Jindal Steel and Power Limited (JSPL), nether class II of the Financial Incentive Scheme to beforehand coal/lignite gasification projects.

The government, connected January 24, 2024, launched the strategy with fiscal outlay of Rs 8,500 crore to supply viability spread backing (VGF) to beforehand coal/lignite gasification projects for PSUs and backstage assemblage successful 3 categories.

The Request for Proposals for category-II was issued connected May 15, 2024, and method bids were opened connected January 10, 2025. This class has an outlay of Rs 3,850 crore, the ministry said successful a statement.

The sanction of selected applicants for receiving fiscal incentives nether category-II are Jindal Steel and Power Limited (JSPL), New Era Cleantech Solution and Greta Energy Limited.
The names of applicants selected successful the class I and III of the strategy person already been announced earlier.

PSUs travel nether Category I with a proviso of Rs 4,050 crore.

They tin taxable proposals for backing assistance, and 3 selected projects volition person a maximum assistance of Rs 1,350 crore oregon 15 per cent of task cost, whichever is lower.
Category III, with Rs 600 crore for objection oregon small-scale projects with a maximum outlay per task of Rs 100 crore oregon 15 per cent of task cost, whichever is lower.

Government selects JSPL, 2 others for Financial Incentive Scheme