Tata JV, JSPL get blocks for $18-bn CTL project

The government is understood to have awarded a coal block each to Tata Sons-Sasol joint venture and Jindal Steel and Power for converting coal to liquid petroleum, entailing an investment of $18 billion.

The two projects would result in production of 1,60,000 barrels of crude oil a day. The companies would soon be awarded prospecting licences for the two coal blocks, a senior official in the coal ministry said.