Essar Oil and Gas Exploration and Production Ltd (EOGEPL) has so far drilled 348 wells on the blocks and is producing 1 mmscmd of gas from coal seams.
The company is selling entire production of coal-seam gas or CBM from the block to state-owned GAIL India Ltd.
GAIL in February outbid Matix Fertilizers and Chemicals Ltd, Graphite India Ltd and Positron Energy Pvt Ltd to buy entire output from Raniganj.
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