The diversification of coal for its sustainable utilization in producing liquid transportation fuel is inevitable in countries with huge coal reserves. Gasification has been contemplated as one of the most promising thermochemical routes to convert coal into high-quality syngas, which can be utilized to produce liquid hydrocarbons through catalytic Fischer−Tropsch (F-T) synthesis. Liquid transportation fuel production through coal gasification could help deal with environmental challenges and renewable energy development. The present study aims to develop an equilibrium model of a downdraft fixed-bed gasifier using Aspen Plus simulator to predict the syngas compositions obtained from the gasification of high-ash low-rank coal at different operating conditions. Air is used as a gasifying agent in the present study. The model validation is done using published experimental and simulation results from previous investigations. The sensitivity analysis is done to observe the influence of the major operating parameters, such as equivalence ratio (ER), gasification temperature, and moisture content (MC), on the performance of the CL-RMC concerning syngas generation. The gasification performance of CL-RMC is analyzed by defining various performance parameters such as syngas composition, hydrogento-carbon monoxide (H 2 /CO), molar ratio, syngas yield (Y Syngas ), the lower heating value of syngas (LHV Syngas ), cold gas efficiency (CGE), and carbon conversion efficiency (CCE). The combined effects of the major operating parameters are studied through the response surface methodology (RSM) using the design of experiments. The optimized condition of the major operational parameters is determined for a target value of a H 2 /CO molar ratio of 1 and the maximum CGE and CCE using the multiobjective optimization approach. The high-degree accurate regression model equations were generated for the H 2 /CO molar ratio, CGE, and CCE using the variance analysis (ANOVA) tool. The optimal conditions of the major operating parameters, i.e., ER, gasification temperature, MC for the H 2 /CO molar ratio of 1, and the maximum CGE and CCE, are found to be 0.5, 655 °C, and 16.36 wt %, respectively. The corresponding optimal values of CGE and CCE are obtained as 22 and 16.36%, respectively, with a cumulative composite desirability value of 0.7348. The findings of the present investigation can be decisive for future developmental projects in countries concerning the utilization of high-ash low-rank coal in liquid fuel production through the gasification route.