15 Mar 2017 13:55
15 March 2017
Great Eastern Energy Corporation Limited
("Great Eastern" or "the Company")
Appointment of Director
Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) Company, is pleased to announce that the Board of Directors have approved the appointment of Mr. Sushil Kumar Roongta as a Non-Executive Independent Director of the Company w.e.f. 15 March 2017.
Mr. Roongta holds a degree in Bachelor of Engineering from Birla Institute of Technology & Science, Pilani, and a Post Graduate Diploma in Business Management-International Trade from the Indian Institute of Foreign Trade, New Delhi. He is a Fellow of the All India Management Association.
He is currently the Non-Executive Chairman of Bharat Aluminium Company Ltd. and Talwandi Sabo Power Ltd. (Vedanta Ltd. group companies). Prior to that he was the Executive Chairman of Steel Authority of India Ltd. from 2006-2010, during which period its ranking moved up to 2nd position (from 17th) in the World-Class Steelmaker Rankings.
There are no further details in relation to this new director which require disclosure pursuant to paragraph 9.6.13 of the Listing Rules of the Financial Conduct Authority.
About the Company
The Company is a fully integrated gas production, development and exploration company in India, providing gas to the growing industrial region of West Bengal. Gas is being produced (Coal-Bed Methane gas) from the Raniganj (South) license area, which covers 210 sq. km, with 2.62 TCF of Gas-in-Place.
The Company's second asset is the Mannargudi license situated in the state of Tamil Nadu in India, which covers an area of 667 sq. km and 0.98 TCF Gas-in-Place.
For further information please visit www.geecl.com
For further information please contact:
Great Eastern Energy
Yogendra Kr. Modi Executive Chairman +44 (0)20 7614 5917
Prashant Modi Managing Director & CEO
Arden Partners
Patrick Caulfield +44 (0)20 7614 5900