Chairman's Statement

At Great Eastern Energy Corporation Limited (“GEECL”), we create sustainable value through operational excellence, disciplined growth, and resource monetization. As we advance through FY 2027 and prepare for FY 2028, our priorities are to increase production, optimize asset performance, and expand reserves through exploration and development, from the Raniganj (South) Block.

With our production enhancement program, we have added incremental production and enhanced asset productivity in FY 2027. We expect the program to continue delivering progressive production gains going forward.

We are planning to drill two shale core wells to assess the shale gas potential, and two horizontal Coal-Bed Methane (“CBM”) wells to assess its feasibility. If successful, this approach could substantially reduce the future capital requirements for CBM wells.

Market conditions remain supportive, with global pricing benchmarks demonstrating a strong pricing umbrella. At GEECL, ESG remains integral to responsible growth. Along with a focus on QHSE and sustainable operations, we engage continuously in CSR activities. An experienced Board oversight and our Code of Conduct underpin governance.

Natural gas supports India’s transition towards a cleaner energy. Through production enhancement, innovation, development, and disciplined capital allocation, we remain confident in unlocking the full potential of our asset and delivering sustainable stakeholder value.

On behalf of the Board, I thank our employees, customers, stakeholders, government authorities, and local communities for their continued support as we build a stronger, and more resilient GEECL.

Yours truly,
Yogendra Kr. Modi
Executive Chairman