RIL gets Rs 2.8-cr US grant for liquid fuel project

Reliance Industries has received a grant of $600,000 (less than Rs 3 crore) for its proposed coal-to-liquid fuel project. The domestic petrochemicals giant is contributing $3,91,305 (less than Rs 2 crore) to fund the feasibility study for the project while another US company Headwaters is also putting in $1,20,000. The grant has been provided by the US Trade and Development Agency (USTDA) and has been disclosed in the ‘2008 National Export Strategy’ report from the US government’s Trade Promotion Coordinating Committee (TPCC). The grant to RIL is to “partially fund a feasibility study for a lignite/petroleum