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Essar to invest Rs 900 crore in CBM block

Updated : April 26, 2018 12:30 PM IST

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.
Essar to invest Rs 900 crore in CBM block

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