Great Eastern Energy Corporation Profile
Key Indicators
- Authorised Capital ₹ 70.00 Cr
- Paid Up Capital ₹ 59.56 Cr
- Company Age 32 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 280.00 Cr
- Satisfied Charges ₹ 1,202.30 Cr
- Revenue Growth 19.06%
- Profit Growth 150.89%
- Ebitda 22.64%
- Net Worth 3.63%
- Total Assets 0.16%
About Great Eastern Energy Corporation
Great Eastern Energy Corporation Limited (GEECL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 May 1992 and has a history of 32 years and nine months. Its registered office is in Asansol, West Bengal, India.
The Company is engaged in the Energy And Power Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 70.00 Cr and a paid-up capital of Rs 59.56 Cr.
The company currently has active open charges totaling ₹280.00 Cr. The company has closed loans amounting to ₹1,202.30 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Great Eastern Energy Corporation Limited India are Jasmeet Chandhok as CFO and Jitender Kumar as Company Secretary. Yogendra Modi, Prashant Modi, Asha Modi, and Two other members serve as directors at the Company.
Company Details
- Location
Asansol, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U48985WB1992PLC095301
- Company No.
095301
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 May 1992
- Date of AGM
21 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Energy and Power
What products or services does Great Eastern Energy Corporation Limited offer?
Great Eastern Energy Corporation Limited offers a wide range of products and services, including Hydraulic & Pneumatic Machines, Air Regulators.
Who are the key members and board of directors at Great Eastern Energy Corporation?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Prashant Modi  | Managing Director | 22-Sep-2015 | Current |
| Jasmeet Chandhok | CFO | 13-Sep-2023 | Current |
| Jitender Kumar | Company Secretary | 02-Mar-2023 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Yogendra Modi | Whole-Time Director | 29-May-1992 | Current |
| Asha Modi | Director | 15-May-2024 | Current |
| Pankaj Patel | Director | 03-Jul-2023 | Current |
| Sundareshan Sthanunathan | Director | 10-Jan-2015 | Current |
Financial Performance of Great Eastern Energy Corporation.
Great Eastern Energy Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 19.06% increase. The company also saw a substantial improvement in profitability, with a 150.89% increase in profit. The company's net worth moved up by a moderate rise of 3.63%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Great Eastern Energy Corporation?
In 2022, Great Eastern Energy Corporation had a promoter holding of 64.90% and a public holding of 35.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Zydus Hospitals And Healthcare Research Private LimitedPankaj Patel is a mutual person
Cadmach Machinery Company Private LimitedPankaj Patel is a mutual person
Bayer Cropscience LimitedPankaj Patel is a mutual person
Charges (Loans)
Open Charges
₹280.00 Cr
Satisfied Charges
₹1,202.30 Cr
Charges Breakdown by Lending Institutions
- Others : 280.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jun 2024 | Others | ₹280.00 Cr | Open |
| 07 Jun 2016 | Others | ₹50.00 Cr | Satisfied |
| 19 Oct 2015 | State Bank Of India | ₹50.00 Cr | Satisfied |
| 28 Sep 2015 | Others | ₹60.00 Cr | Satisfied |
| 30 Jul 2014 | Others | ₹150.00 Cr | Satisfied |
How Many Employees Work at Great Eastern Energy Corporation?
Great Eastern Energy Corporation has a workforce of 145 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Great Eastern Energy Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Great Eastern Energy Corporation's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Great Eastern Energy Corporation
Recent activity within the organization
- Charges
A charge registered on 05 Jan 2013 via Charge ID 10396273 with Others was fully satisfied on 13 Aug 2024.
- Charges
A charge registered on 30 Jul 2014 via Charge ID 10517923 with Others was fully satisfied on 05 Aug 2024.
- Charges
A charge registered on 08 Feb 2008 via Charge ID 10090200 with Others was fully satisfied on 10 Jul 2024.
- Charges
A charge with Others amounted to Rs. 280.00 Cr with Charge ID 100946112 was registered on 24 Jun 2024.
- Director Appointment
Asha Modi was appointed as a Director was appointed as a Director on 15 May 2024 & has been associated with this company since 10 months 12 days .
- Annual General Meeting
Great Eastern Energy Corporation Limited last Annual general meeting of members was held on 21 Sep 2023 as per latest MCA records.
Recent News, Updates & Announcement
- GEECL's Ambitious Plans: Rs 27,000 Crore Investment in Shale and CBM Wells, Gas Stations in West Bengal.
GEECL wants to spend Rs 27,000 crore to drill 400 shale wells, 150 CBM wells, and build gas stations in West Bengal. They plan to invest $2 billion in 10 years to exploit shale reserves. An assessment found potential shale resources worth $2.78 billion. CMPDI estimates India has 45 TCF of shale prospects. #BigPlans #ExpensiveDrilling #ShaleRiches #IndiaShaleGameStrong.
- GEECL Sees 57% Net Profit Increase at USD 9.93 Million, Plans for Production Optimization and Expansion Amidst Growing Demand for Hydrocarbons in India.
GEECL reports 57% rise in net profit at USD 9.93 million due to higher sales. Revenues and sales volume continue to grow, with plans to optimize production and explore further. Indian economy and stable government policies lead to increased demand for hydrocarbons. CBM production decreased 15%, but expected to increase with new pumps. Company realized USD 10.43 per MMBtu for gas produced from coal seams. USD 2 billion investment announced in Raniganj CBM block..
- West Bengal holds Rs 50,000 crore shale gas hope but with riders.
GEECL and Essar Oil who are producing CBM in the Ranigunj belt had expressed interest in exploring and extracting shale gas..
- GEECL's First Half Fiscal Report: $4.16M Profit, 32% Revenue Increase, and 9.25 TCF OGIP Milestone Achieved.
GEECL reported a profit of $4.16 million in the first half of the current fiscal year, compared to a loss last year. They are replacing pumps to improve production and have reached an agreement with GAIL for gas off-take or transmission. Revenue increased by 32% and OGIP has significantly increased to 9.25 TCF. Net debt has also decreased. #Winning #GEECL #Profit #OGIP #DebtFree.
Frequently asked questions
What is the Incorporation or founding date of Great Eastern Energy Corporation Limited?
Great Eastern Energy Corporation Limited was incorporated on 29 May 1992.
What is authorized share capital and paid-up capital of Great Eastern Energy Corporation Limited?
The authorized share capital of Great Eastern Energy Corporation Limited is ₹ 70.00 Cr and paid-up capital is ₹ 59.56 Cr.
Who are the current board members & directors of Great Eastern Energy Corporation Limited?
Currently 7 directors are associated with Great Eastern Energy Corporation Limited.
- Yogendra Kumar Modi
- Prashant Modi
- Asha Modi
- Pankaj Ramanbhai Patel
- Sundareshan Sthanunathan
- Jasmeet Singh Chandhok
- Jitender Kumar
What is the registered address of Great Eastern Energy Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Great Eastern Energy Corporation Limited is M10 Adda Industrial Area, Asansol, West Bengal, India, 713305.
What is the corporate identification number (CIN) and company number of Great Eastern Energy Corporation Limited?
The corporate identification number (CIN) of Great Eastern Energy Corporation Limited is U48985WB1992PLC095301 and the company number is 095301 as per Ministry of Corporate Affairs (MCA).
What is the official website of Great Eastern Energy Corporation Limited?
The Official website of Great Eastern Energy Corporation Limited is https://www.geecl.com
What has been the recent revenue trend for Great Eastern Energy Corporation Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Great Eastern Energy Corporation Limited has risen by 19.06%.
How many employees does Great Eastern Energy Corporation Limited currently have?
As Per 2023 financial reports, 145 employees are currently employed by Great Eastern Energy Corporation Limited.
What change has been observed in the net worth of Great Eastern Energy Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Great Eastern Energy Corporation Limited has experienced an upsurge of 3.63%.
What are the total open charges for Great Eastern Energy Corporation Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Great Eastern Energy Corporation Limited amount to ₹ 280.00 Cr.
When was the last Balance Sheet of Great Eastern Energy Corporation Limited filed with the ROC?
The most recent Balance Sheet for Great Eastern Energy Corporation Limited was filed with the ROC on 31 Mar 2023.
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