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Q.

Tatas & Reliance have the technology to convert coal into crude oil at a cost of about US$ 60 a barrel (half the prevailing international price). India has one of the largest coal reserves in the world. Then what is preventing them to venture into this and save enormous foreign exchange to the country? Your views?

Tags: india, money, reliance
Asked by Good Citizen, 28 Mar '12 04:18 pm
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Answers (2)

 
1.

Am not sure whether the cost is only related to conversion into oil AFTER the coal is mined and sent to refineries. And of course COST of other Governmental clearances !

Despite all this, if the estimates are all inclusive, then it is really worth pursuing.
Answered by S. Ramesh, 28 Mar '12 06:38 pm

 
  
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2.

Indian policy makers are just sleeping in these developmental issue, they are unable to use the option like "Power Alcohol" which will not only saving the Foreign exchange but also favorable to sugar cane producers of India at large
Answered by sushil trivedi, 28 Mar '12 04:24 pm

 
  
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