Great Eastern Energy Corporation Limited is an exploration and production company with a focus on coal seam gas (CSG) in India. The company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). As of 31 March 2016, the company had a market capitalisation of ? 3,841 crore (US$560 million).
The company was founded in 1995 and is based in Kolkata, West Bengal. It has exploration and production activities in the states of West Bengal, Jharkhand and Bihar. The company also has a coal bed methane (CBM) project in the state of Madhya Pradesh.
The company’s products and services include natural gas, crude oil, condensate and LPG. As of 31 March 2016, the company had reserves of 1,466 billion cubic feet (Bcf) of natural gas, 1,075 million tonnes (Mt) of coal and 5.5 million barrels of oil equivalent (Mboe) of crude oil and condensate.
The company has a workforce of over 1,000 employees.
The company’s business strategy is to focus on the development of its CSG assets in India. The company plans to increase its production to 3 million standard cubic feet per day (MMSCFD) by 2019.
The company’s future outlook is positive. The company is well-positioned to benefit from the growing demand for natural gas in India. The company’s shares are traded on the BSE and NSE.
Website: http://www.greateasternenergy.com/