Ministry of Coal issued Letter of Award for ₹793 crore coal-to-acetic acid plant under financial incentive scheme.
Kartikay Vayunandana Private Limited will build 75,900 TPA acetic acid plant in Gadchiroli, Maharashtra.
Project receives financial assistance up to ₹100 crore or 15% of capex under Category III of ₹8,500 crore scheme.
Initiative aims to boost domestic chemical production, reduce imports and promote cleaner coal utilization.