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Prabha Energy Limited (PRABHA)

₹208.56 +1.31% last close, 16 Oct

📊 NSE: PRABHA 🏢 Oil Exploration & Production 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Prabha Energy's revenue was ₹1.7 Cr (+49.1% year on year, +17.4% on the previous quarter), and net profit ₹0.3 Cr (against a loss a year earlier); the operating margin was 18.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1.7	+49.1%	+17.4%
Operating profit	₹0.3	from loss	from loss
Net profit	₹0.3	from loss	+190.0%
EPS (₹)	0.02	from loss	+100.0%
Operating margin	18.9%	—	—

Full quarterly financials → Results calendar →

PRABHA delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 45.02% of the PRABHA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 50.85%. That is close to its usual level. Volume was 0.3 times its average, well below normal.

45.02%Delivery, 16 Oct

50.85%Own 20-session average

0.3×Volume vs its average

₹208.56NSE close · +1.31%

Delivery in the last 5 sessions: 63.2% · 61.4% · 43.8% · 67.7% · 45.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Prabha Energy Submits Reg 74(5) Dematerialisation Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 05:08 PM

Prabha Energy Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was provided by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The RTA confirmed that all dematerialisation requests received during the period were duly processed, confirmed or rejected, and the relevant securities were listed on stock exchanges. This is a standard quarterly compliance filing with no operational or financial impact.

Compliance certificate submitted under SEBI Regulation 74(5) for the quarter ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited on October 03, 2026
Company filing submitted to BSE (Scrip 544379) and NSE on October 07, 2026
Confirmation that received security certificates were mutilated, cancelled, and depositories updated within prescribed timelines

💡 No action required. Investors should track upcoming quarterly financial results announcements for actual business performance.

Prabha Energy Issues Final Reminder-cum-Forfeiture Notice for ₹47.52/Share Rights Call Money

🟡 NEUTRAL ⭐ 3/10

FUNDRAISE 📅 18 Sep 2026, 03:19 PM

Prabha Energy's Rights Issue Committee has approved sending Reminder-cum-Forfeiture notices for outstanding First and Second/Final Call money. The call amount due is ₹47.52 per share for each call (comprising ₹0.33 face value and ₹47.19 premium), against an issue price of ₹144.00 per share. The payment window runs from September 24, 2026, to October 8, 2026. Failure to pay by the deadline will result in forfeiture of the partly paid-up equity shares and already paid amounts.

First Call money due is ₹47.52 per Rights Equity Share (₹0.33 paid-up value and ₹47.19 premium)
Second and Final Call money due is ₹47.52 per Rights Equity Share (₹0.33 paid-up value and ₹47.19 premium)
Total rights issue price is ₹144.00 per share
Payment window is open for 15 days from September 24, 2026 to October 8, 2026
Shares are liable to be forfeited if outstanding calls remain unpaid after October 08, 2026

💡 Partly paid-up shareholders must submit payments by October 08, 2026, to prevent share forfeiture. Other investors can track the final collection status and listing of fully paid shares within three weeks from the closure date.

Prabha Energy Shareholders Approve Upto ₹150 Cr QIP Fundraise at 17th AGM

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 09 Sep 2026, 05:58 PM

Prabha Energy Limited shareholders approved all resolutions at the 17th AGM held on September 8, 2026, with over 99.99% votes in favor. Key approvals include raising funds up to ₹150 crore through a Qualified Institutions Placement (QIP) in one or more tranches. This proposed fundraise represents ~5.3% of the company's current market cap of ₹2,839 crore and towers over its FY26 revenue of ~₹2.9 crore. Additionally, shareholders approved material related-party transactions and the re-appointment of executive and independent directors.

Shareholders approved raising funds up to ₹150,00,00,000 (₹150 crore) via QIP with 99.9999% votes in favor
Approval of material related-party transactions passed with 17,582,173 votes in favor and only 180 against
Overall voter turnout represented 86.08% of outstanding shares (126,040,290 votes polled out of 146,419,434 shares)
Re-appointment of Mr. Prem Singh Sawhney as Executive Director approved alongside Ms. Shaily Jatin Dedhia as Independent Director

💡 Track subsequent board announcements regarding the timing, pricing floor, and launch of the QIP tranches, as well as concrete use of proceeds for CBM field development.

Prabha Energy AGM Approves Upto Rs 150 Cr Fundraise Via QIP

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 08 Sep 2026, 04:02 PM

Prabha Energy Limited concluded its 17th Annual General Meeting on September 8, 2026, wherein shareholders considered key resolutions including raising up to Rs 150 crore via a Qualified Institutions Placement (QIP). The proposed Rs 150 crore fundraise represents roughly 5.25% of the company's current market capitalization of Rs 2,856 crore, but is massive compared to its TTM revenue of ~Rs 5 crore. Other key agenda items included the approval of material related party transactions and director re-appointments. Final voting results under Regulation 44 will be submitted separately.

AGM agenda included raising up to Rs 150,00,00,000 (Rs 150 crore) via Qualified Institutions Placement (QIP) in one or more tranches
Proposed fundraise equals ~30x the company's TTM revenue of Rs 5 crore
Material related party transactions placed for shareholder approval
Re-appointment of Mr. Prem Singh Sawhney as Executive Director and Ms. Shaily Jatin Dedhia as Independent Director for a 5-year term

💡 Track the formal disclosure of Regulation 44(3) voting results to confirm resolution passage, followed by subsequent board approvals on actual QIP issue price, dilution, and timeline.

Prabha Energy Releases Investor Deck: Outlines 31 BCM CBM Reserves, Jharia Target Q4 FY27

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 01:05 PM

Prabha Energy Limited filed its updated corporate presentation outlining operational progress across its Coal Bed Methane (CBM) and marginal gas assets. The company holds a 25% participating interest in the North Karanpura block (commenced commercial production in May 2025 with 68 of 74 wells drilled) alongside ONGC and IOC. For its 90%-owned Jharia CBM block, commercial production is targeted for Q4 FY27 with 8 of 55 wells drilled to date. Across both Jharkhand CBM blocks, Gas Initial in Place (GIIP) is estimated at 31 BCM with projected ~70% life-of-block EBITDA margins.

Estimated 31 BCM Gas Initial in Place (GIIP) across two Jharkhand CBM blocks
North Karanpura block (25% PI) commercial production started May 2025 with 68 of 74 wells drilled
Jharia block (90% PI) commercial production targeted for Q4 FY27 with 8 of 55 planned wells drilled
Projects ~70% EBITDA margins over CBM asset life with direct connectivity to the Urja Ganga / National Gas Grid
Also holds 1.42 BCM GIIP across three Marginal Gas Fields in Rajasthan

💡 Monitor quarterly revenue ramp-up from North Karanpura production and track drilling milestone execution for the remaining 47 wells at the Jharia block ahead of Q4 FY27.

Prabha Energy Allots 95.14 Lakh Fully Paid-up Shares on Rights Call Money Receipt

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 25 Aug 2026, 09:14 AM

Prabha Energy Limited's Rights Issue Committee has approved the conversion and allotment of 95,13,903 partly paid-up shares into fully paid-up equity shares of face value Re 1 each at an issue price of Rs 144 per share. This includes 87,95,395 shares (earlier 67% paid) upon receipt of the final 33% call money, and 7,18,508 shares (earlier 34% paid) upon receipt of the 67% call money. The total call money collected in this tranche amounts to approximately Rs 48.7 crore.

Converted 87,95,395 shares (67% paid) to fully paid-up upon receiving 33% balance call money
Converted 7,18,508 shares (34% paid) to fully paid-up upon receiving 67% balance call money
Total 95,13,903 equity shares of Re 1 face value allotted as fully paid at Rs 144 issue price (including Rs 143 premium)
Approval granted in Rights Issue Committee meeting held on August 24, 2026

💡 Track listing and trading permissions for the newly converted fully paid shares, and monitor the utilization of rights issue proceeds toward CBM asset development.

Prabha Energy Clarifies Recent Price Movement Is Market-Driven With No Undisclosed Events

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Aug 2026, 01:07 AM

Prabha Energy Limited responded on August 21, 2026, to an NSE surveillance query dated August 18, 2026 (Ref: NSE/CM/Surveillance/17379) regarding significant price movement. The company confirmed that all material and price-sensitive information under Regulation 30 has been disclosed within required timelines. Management stated there is no undisclosed information or pending event that would impact trading price or volume, describing the recent fluctuation as purely market-driven.

Response submitted on August 21, 2026, following NSE surveillance inquiry dated August 18, 2026
Reference number cited by exchange: NSE/CM/Surveillance/17379
Company confirms compliance with Regulation 30 disclosure requirements under SEBI LODR
Company states recent price and volume volatility is purely market-driven with no pending disclosures

💡 Track upcoming periodic financial results and operational updates via official exchange filings to assess fundamental business performance without relying on unconfirmed price-driven speculation.

Prabha Energy Clarifies Spurt in Volume Is Purely Market-Driven

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 19 Aug 2026, 10:54 AM

Prabha Energy Limited has responded to an NSE surveillance query regarding recent volume and price movement in its scrip. The company stated that it has complied with all disclosure requirements under Regulation 30 of SEBI LODR Regulations, 2015 within stipulated timelines. It confirmed that there is no undisclosed price-sensitive information or impending corporate announcements. The company attributed recent price and volume fluctuations purely to market dynamics.

Clarification submitted in response to NSE surveillance email dated August 18, 2026 (ref. no. NSE/CM/Surveillance/17370)
Company confirmed compliance under Regulation 30 of SEBI LODR Regulations, 2015
No undisclosed material event or price-sensitive information currently pending disclosure
Volume and price movements confirmed to be purely market-driven

💡 Monitor upcoming quarterly financial disclosures and official corporate announcements on stock exchanges rather than trading solely on volume spikes.

Prabha Energy Schedules 17th AGM for September 08, 2026; FY26 Annual Report Released

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Aug 2026, 03:35 PM

Prabha Energy Limited has scheduled its 17th Annual General Meeting (AGM) for September 08, 2026, via video conferencing. The company has released its Annual Report for FY 2025-26, a period where it reported a total revenue of approximately Rs 2.91 crore and a net loss of Rs 0.41 crore. Shareholders as of the cut-off date of September 01, 2026, are eligible to participate in e-voting from September 04 to September 07, 2026. The book closure period is set for September 02 to September 08, 2026.

17th Annual General Meeting scheduled for September 08, 2026, at 11:00 a.m. IST
Cut-off date for e-voting entitlement is fixed as September 01, 2026
Remote e-voting period spans 4 days from September 04 to September 07, 2026
Book closure period of 7 days from September 02 to September 08, 2026

💡 Investors should review the Annual Report for management's commentary on the timeline for the Jharia CBM block's connection to the National Gas Grid, which is critical for scaling revenue.

Rs 150 Cr QIP Fundraise Proposed in Prabha Energy's 17th AGM Notice

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 13 Aug 2026, 03:00 PM

Prabha Energy has scheduled its 17th AGM for September 08, 2026, seeking shareholder approval for a significant fundraise of up to Rs 150 crore through a Qualified Institutions Placement (QIP). This proposed fundraise represents approximately 7% of its current market capitalization of Rs 2,150 crore and is over 50 times its TTM revenue of Rs 3 crore, highlighting the capital-intensive nature of its CBM asset development. Other key resolutions include the approval of material related party transactions and the re-appointment of executive and independent directors. The company remains in a development phase with a TTM loss, making this capital injection critical for its monetization strategy.

Proposed fundraise of up to Rs 150 crore via Qualified Institutions Placement (QIP) in one or more tranches
AGM scheduled for September 08, 2026, with a voting cut-off date fixed for September 01, 2026
Company reported TTM revenue of only Rs 3 crore against a market capitalization of Rs 2,150 crore
Approval sought for material Related Party Transactions as detailed in the explanatory statement
Re-appointment of Mr. Prem Singh Sawhney as Executive Director and Ms. Shaily Jatin Dedhia as Independent Director

💡 Monitor the approval and subsequent pricing of the QIP, as the resulting equity dilution will be significant for existing shareholders. Watch for specific timelines on the Jharia CBM block's connection to the Urja Ganga pipeline, which is the primary catalyst for revenue growth.

₹47.33 Cr Rights Issue: Prabha Energy Reports Zero Deviation in Fund Utilization for Q1 FY27

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Jul 2026, 07:53 PM

Prabha Energy Limited has confirmed that there was no deviation or variation in the utilization of funds raised through its Rights Issue for the quarter ended June 30, 2026. The company raised ₹47.33 crore on April 09, 2026, to fund specific objects outlined in its Letter of Offer dated March 05, 2026. CARE Ratings Limited, acting as the monitoring agency, and the company's Audit Committee have both reviewed the utilization and reported no concerns. This filing is a standard regulatory requirement to ensure transparency in how capital raised from shareholders is deployed.

Total amount raised via Rights Issue was ₹4,733.09 Lakhs (approx. ₹47.33 crore).
Funds were officially raised on April 09, 2026.
Zero deviation or variation reported for the quarter ended June 30, 2026.
Monitoring agency CARE Ratings Limited confirmed no comments or deviations in the utilization process.

💡 Investors should monitor future quarterly 'Statement of Deviation' filings to ensure the remaining funds are deployed according to the original objects of the issue as the project progresses.

Prabha Energy reports zero deviation in utilization of Rs 89.61 Cr raised via Rights Issue

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 30 Jul 2026, 06:36 PM

Prabha Energy Limited has confirmed zero deviation in the utilization of funds raised through its 2026 Rights Issue for the quarter ended June 30, 2026. The company raised a total of approximately Rs 89.61 Cr across two tranches in April and June 2026, primarily for debt repayment. As of the reporting date, Rs 88.93 Cr has been utilized for the repayment or pre-payment of borrowings, leaving only Rs 21.37 Lakhs unutilized in monitoring accounts. This capital infusion is substantial relative to the company's TTM revenue of Rs 3 Cr, indicating a significant balance sheet restructuring.

Raised Rs 4,733.09 Lakhs on April 09, 2026, and Rs 4,228.00 Lakhs on June 25, 2026, via Rights Issue
Utilized Rs 8,892.59 Lakhs (approx. Rs 88.93 Cr) specifically for repayment or pre-payment of borrowings
Confirmed zero deviation from the objects stated in the Letter of Offer dated March 05, 2026
Only Rs 21.37 Lakhs remains unutilized in monitoring bank accounts as of late June 2026
Rights shares were issued on a partly paid-up basis with 34% received on application and 33% on the first call

💡 Investors should monitor the upcoming quarterly results to see how this debt reduction impacts interest costs and net margins, especially as the company works toward monetizing its CBM gas assets.

₹150 Cr QIP Approved; Q1 Revenue Grows 49% to ₹1.69 Cr with Profit Turnaround

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 30 Jul 2026, 06:14 PM

Prabha Energy's board has approved a significant fundraise of up to ₹150 crore via Qualified Institutions Placement (QIP), which represents approximately 7.7% of its current market capitalization. For Q1 FY27, the company reported a consolidated revenue of ₹1.69 crore, up from ₹1.13 crore in the previous year's corresponding quarter. Crucially, the company turned profitable with a PAT of ₹0.29 crore compared to a loss of ₹0.22 crore YoY. The board also confirmed the re-appointment of key leadership, including Executive Director Prem Singh Sawhney for a three-year term starting February 2027.

Approved fundraise of up to ₹150 crore through one or more tranches of QIP
Q1 FY27 consolidated revenue from operations increased to ₹1.69 crore from ₹1.13 crore YoY
Reported a consolidated Net Profit of ₹0.29 crore for Q1 FY27, reversing a loss of ₹0.22 crore in Q1 FY26
Allotted 96,67,258 partly paid-up equity shares at ₹144 each via a rights issue in April 2026
Re-appointed Prem Singh Sawhney as Executive Director for 3 years and Shaily Dedhia as Independent Director for 5 years

💡 Monitor the successful closure and pricing of the ₹150 crore QIP, as this capital is critical for developing the company's 11 onshore blocks. Investors should also track the monetization progress of the Jharia CBM block and its connection to the Urja Ganga pipeline.

Prabha Energy to Raise ₹150 Cr via QIP; Reports Q1 Profit of ₹0.29 Cr

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 30 Jul 2026, 06:09 PM

Prabha Energy has approved a significant fundraise of up to ₹150 crore through a Qualified Institutional Placement (QIP), which is approximately 7.7% of its current market capitalization. The company reported a turnaround in its Q1 FY27 results with a net profit of ₹0.29 crore, compared to a loss of ₹0.22 crore in the same quarter last year. Revenue for the quarter stood at ₹1.69 crore, driven by early-stage production at its NK block. Additionally, the board has re-appointed Mr. Prem Singh Sawhney as Executive Director for a three-year term starting February 2027.

Approved fundraise of up to ₹150 crore via QIP to support capital requirements for E&P assets.
Reported Q1 FY27 consolidated revenue of ₹1.69 crore, a 49% increase from ₹1.13 crore in Q1 FY26.
Achieved a net profit of ₹0.29 crore in Q1 FY27, reversing a net loss of ₹0.22 crore in the year-ago period.
Re-appointed Prem Singh Sawhney as Executive Director, leveraging his 42 years of experience in hydrocarbon exploration.
Paid-up equity capital increased to ₹14.31 crore following a rights issue allotment of 96.67 lakh shares in April 2026.

💡 Investors should monitor the pricing and subscription levels of the ₹150 crore QIP, as well as the production ramp-up at the NK block which is critical for sustaining the recent turnaround in profitability.

Prabha Energy to Raise ₹150 Cr via QIP; Reports Q1 Profit of ₹0.29 Cr

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 30 Jul 2026, 06:09 PM

Prabha Energy has approved a significant fundraise of up to ₹150 crore through a Qualified Institutional Placement (QIP), which represents approximately 7.7% of its current market capitalization. For the quarter ended June 30, 2026, the company reported a turnaround with a net profit of ₹0.29 crore on revenue of ₹1.69 crore, compared to a loss of ₹0.22 crore in the year-ago period. The board also re-appointed Executive Director Prem Singh Sawhney, a veteran with 42 years of experience, to lead its hydrocarbon exploration efforts. This capital infusion is critical for a company with TTM revenue of only ₹3 crore, indicating a major push toward asset monetization.

Approved fundraising of up to ₹150 crore via QIP to enable capital infusion for development projects
Reported Q1 FY27 revenue from operations of ₹1.69 crore, a 49% increase from ₹1.13 crore in Q1 FY26
Achieved a net profit of ₹0.29 crore for Q1 FY27, reversing a net loss of ₹0.22 crore in the previous year's quarter
Re-appointed Prem Singh Sawhney as Executive Director for 3 years, leveraging his experience in 3 commercial CBM discoveries
Paid-up equity share capital increased to ₹14.31 crore following the allotment of 96.67 lakh partly paid-up shares in April 2026

💡 Monitor the pricing and subscription levels of the upcoming QIP, as well as the execution timeline for connecting the Jharia CBM block to the Urja Ganga pipeline.

View All PRABHA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations grew by 194.09% YoY, reaching INR 1.57 Cr (157.75 Lakhs) in FY 2024-25 compared to INR 0.53 Cr (53.64 Lakhs) in FY 2023-24. Total business income increased by 195.18% to INR 2.03 Cr (203.05 Lakhs).

Geographic Revenue Split

Not disclosed in available documents, though operations are focused on onshore assets in India, specifically the Jharia CBM block and 5370 sq km of exploration area.

Profitability Margins

Operating Profit Margin improved from -276.21% to -160.88% YoY, a 41.75% improvement due to higher sales volume. Net Profit Margin improved from -106.46% to -77.06% YoY, representing a 27.61% reduction in net loss margins.

EBITDA Margin

Not explicitly disclosed as EBITDA, but Operating Profit Margin stands at -160.88% for FY 2024-25, reflecting a loss-making development phase despite a 41.75% improvement in margin efficiency YoY.

Capital Expenditure

Not disclosed in absolute INR Cr, but the company is funding ongoing projects through additional debt, resulting in a 62.27% increase in the Debt-Equity ratio to 0.29. Planned capex includes infield pipelines, Gas Gathering Stations (GGS), and processing facilities over the next 2 years.

Credit Rating & Borrowing

The company has not been assigned any credit ratings by any agencies. Borrowing costs are reflected in an Interest Coverage Ratio of -4.73%, which declined from -25.30% due to increased loan intake for projects.

⚙️ Operational Drivers

Raw Materials

The business is an E&P company where the primary 'inputs' are skilled manpower, specialized machinery, and third-party contractor services. Watering costs in gas exploration represent a significant operational expense.

Import Sources

Not disclosed in available documents; however, technical talent is sourced from reputed Indian technical and petroleum institutes.

Key Suppliers

Not disclosed in available documents, though the company relies heavily on third-party contractors for quality control and operational execution.

Capacity Expansion

Current assets include 11 onshore blocks (4 in development, 4 in exploration) covering 5370 sq km with 460 MMBOE of prognostic hydrocarbon resource. Expansion includes connecting the Jharia CBM block to the Urja Ganga pipeline via a new authorized pipeline.

Raw Material Costs

Not disclosed as a % of revenue, but watering costs are identified as a high-cost activity that adversely affects financials during the gas extraction phase.

Manufacturing Efficiency

Not applicable as an E&P firm; however, Debtors Turnover Ratio improved by 538.64% to 22.09 times, indicating significantly faster collection of trade receivables.

Logistics & Distribution

The company is authorized by PNGRB to lay a pipeline to connect the Jharia CBM block to the National Gas Grid, which will reduce future distribution costs and provide market access.

📈 Strategic Growth

Growth Strategy

Growth will be achieved through the monetization of CBM gas assets, leveraging a recent merger with Deep Energy Resources and Savla Oil & Gas to simplify structure, and utilizing the Urja Ganga pipeline for nationwide market access. The company is transitioning into a phase of rapid growth led by these CBM assets.

Products & Services

Natural Gas, Coal Bed Methane (CBM), and Crude Oil from conventional and unconventional onshore assets.

Brand Portfolio

Prabha Energy Limited (PEL).

New Products/Services

Development of CBM gas assets is expected to be the primary new revenue contributor as assets move from exploration to production phase.

Market Expansion

Targeting the nationwide gas market through the National Gas Grid connection via the Urja Ganga pipeline within the next 2 years.

Strategic Alliances

Maintains robust partnerships with Public Sector Undertakings (PSUs) to strengthen its position in the energy sector.

🌍 External Factors

Industry Trends

The industry is shifting toward unconventional hydrocarbons. The Indian government plans to double exploration area to 0.5 million sq km by 2025 and 1 million sq km by 2030. The separation of Oil/Gas from mining in the 2024 Bill is a major regulatory shift.

Competitive Landscape

Operates in a high-risk, capital-intensive industry alongside PSUs and other private E&P players.

Competitive Moat

Moat is based on a large acreage of 5370 sq km and 460 MMBOE of prognostic resources. Sustainability depends on the successful execution of development plans and monetization of CBM assets.

Macro Economic Sensitivity

Highly sensitive to global gas prices and the stability of the domestic pricing regime. Global growth is projected at 3.1% in 2024, impacting energy demand.

Consumer Behavior

Increasing demand for Natural Gas as it is the cleanest fossil fuel, supporting the company's focus on CBM.

Geopolitical Risks

Not disclosed, though the company is subject to Indian regulatory shifts such as the Oilfields (Regulations and Development) Amendment Bill 2024.

⚖️ Regulatory & Governance

Industry Regulations

Governed by the Oilfields (Regulations and Development) Amendment Bill 2024, which replaces 'mining leases' with 'petroleum leases' for exploration and production.

Environmental Compliance

Ensures compliance with all rules regarding Health, Safety, and Environment (HSE) protection, including regular MVT and firefighting training.

Legal Contingencies

No penalties or strictures were imposed on the company by Stock Exchanges, SEBI, or any statutory authority related to capital markets during the last three years.

⚠️ Risk Analysis

Key Uncertainties

Estimates on reserves and resources are based on simulations; actual outcomes may be lower than the 460 MMBOE estimate. Extraction is highly risky with significant uncertainties.