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Press Releases from Great Eastern Energy Corporation Ltd. (GEECL) (6 total)

GEECL's First Natural Gas Pipeline commissioned in West Bengal

Great Eastern Energy Corporation Limited (GEECL) has successfully commissioned its first natural gas pipeline extending 11.8 km from its Gas Gathering Station to its Central Gathering Station in Asansol, West Bengal. It is slated to be its first CBM ( Coal Bed Methane) gas pipeline and will be part of a vertically integrated network consisting of drilling, production, compression transportation and distribution services. This 12” pipeline is capable of carrying one

CNG Bengal debut in coal belt

Durgapur: CNG-powered vehicles have arrived in Bengal, though in a small way. Seven autorickshaws that will run on compressed natural gas (CNG) have been registered in Asansol. The number will go up to 800 in the next few months, Burdwan district magistrate Manish Jain said. “We are going to ban petrol-run autos in Asansol and Durgapur from December 1. Earlier, CNG was not available in Bengal but Great Eastern Energy Corporation

Arden Partners hails Eastern promise

Great Eastern Energy fanned the flames of investor enthusiasm for coal-bed methane when its house broker set a 500p price target on the back of the India-focused company’s recent drilling success and dramatically increased estimates of its reserves. Arden Partners could barely conceal its joy. “A sales agreement with one of the major steel plants in the [Indian] region, perhaps by mid-year, will demonstrate pricing, demand and deliverability,” it predicted.

GEECL plans public issue by year-end

Great Eastern Energy Corporation Ltd (GEECL), a Y.K. Modi group company, plans to come out with a public issue in India during end-2008. GEECL is the only company so far to commercially produce coal-bed methane (CBM) from its Ranigunj block in West Bengal. The company’s GDRs are listed in the AIM (Alternative Investment Market) segment on the LSE. The company tapped foreign shores to finance its capital expenditure in CBM

Great Eastern Energy to invest Rs 4000cr

Y K Modi-run Great Eastern Energy Corp (GEECL) today announced that the company would invest Rs 200 crore per year in the second phase of drilling of wells in its Raniganj coal block for exploiting gas from below the coal seams. \"GEECL has already invested Rs 250 crore and will make an additional investment of Rs 200 crore per year in the second phase of drilling and expect the figure to

Modi firm eyes local listing

Great Eastern Energy Corporation (GEECL), the first Indian company to commercially produce coal bed methane (CBM), is planning to tap local bourses. The company, which produces CBM in the Asansol region, is listed on the London AIM market. GEECL chairman Y.K. Modi said the company could raise Rs 100-150 crore through the issue to finance its expansion plans. The public offer is also necessary to meet government regulations. In December 2005, the company, which

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