Bharat Petroleum Corporation Limited (BPCL) has announced the formation of a Joint Venture (JV) company with Coal India Limited (CIL) for a Coal Gasification Project. The project will be located at Western Coalfields in Maharashtra. The JV agreement was approved by the Board of Directors of BPCL on December 18, 2025. This collaboration aims to leverage CIL's expertise in coal production and BPCL's proficiency in refining and gas marketing. The project will produce synthetic natural gas (SNG) as an indigenous alternative to imported natural gas, thereby enhancing energy security and reducing import dependence. The proposed JV company will have a shareholding pattern of BPCL at 49% and CIL at 51%. The total project cost, investment details, and terms of definitive agreements will be finalized after the completion of the project feasibility study and Detailed Project Report. These details will be intimated once finalized.