Chairman's Statement

Chairman's Statement

Fiscal year 2019 the Indian economy is projected to achieve a growth rate of 7.2% against 6.9% last year.

Basic economic parameters have remained strong. Both fiscal deficit and current account deficit are within projected levels, which allow policy head room.

The Board is confident that the overall state of the economy will continue to remain robust.

The Company has achieved a strong financial performance and continues to drive future growth through increasing the production at the Raniganj (South) Block.

Great Eastern has contributed towards the national effort at reducing environmental pollution through use of clean fuel. By using gas in its own operations and by supplying gas to its customers, Great Eastern has helped improve the air quality and environmental footprint in the Company's operational area.

The Company has continuously engaged with the local community and raised their quality of life by organising medical camps, health initiatives, and sports activities, which have been widely appreciated.

The Company's second asset, Mannargudi block, is situated in the state of Tamil Nadu, and covers an area of 667 sq. km with 0.98 TCF Original Gas-in-Place. The block is currently under Arbitration with the Government.

Yours truly,
Yogendra Kr. Modi

Executive Chairman