Reliance Industries (RIL) is planning to begin production of natural gas from coal seams, called coal-bed methane (CBM), in Madhya Pradesh (MP) from FY16. In this regard, the process for acquiring land for well sites, market assessment & infrastructure for evacuation and transportation of gas has commenced.
The company is planning to produce 3.5 million standard cubic meters per day of gas from the two Sohagpur blocks.
RIL holds 3 CBM blocks -- Sohagpur (East) and Sohagpur (West) in Madhya Pradesh and Sonhat in Chattisgarh. The company has drilled over 40 crore holes on the 500 square kilometre Sohagpur West and 495 sq km Sohagpur East blocks and tested for gas content.
Recently, the company reported 0.16% rise in its net profit at Rs 5511 crore for the quarter as compared to Rs 5502 crore for the same quarter in the previous year. Total income of the company increased by 10.67% at Rs 105826 crore for quarter under review as compared to Rs 95626 crore for the quarter ended December 31, 2012.
The company is planning to produce 3.5 million standard cubic meters per day of gas from the two Sohagpur blocks.
RIL holds 3 CBM blocks -- Sohagpur (East) and Sohagpur (West) in Madhya Pradesh and Sonhat in Chattisgarh. The company has drilled over 40 crore holes on the 500 square kilometre Sohagpur West and 495 sq km Sohagpur East blocks and tested for gas content.
Recently, the company reported 0.16% rise in its net profit at Rs 5511 crore for the quarter as compared to Rs 5502 crore for the same quarter in the previous year. Total income of the company increased by 10.67% at Rs 105826 crore for quarter under review as compared to Rs 95626 crore for the quarter ended December 31, 2012.
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