GEECL starts CBM production

Great Eastern Energy Corporation Ltd (GEECL) plans to mop up Rs 300-350 crore ($83-88 million) loan finance from domestic and foreign sources to finish the first phase of development of Ranigunj CBM block. The company listed in the AIM segment of the London Stock Exchange has earned the reputation of pioneering the commercial production of coal bed methane (CBM) in India from its Ranigunj block in West Bengal. They have already infused approximately Rs 175 crore through equity in drilling 23 production wells.