Deep Industries Plans to Raise Funds for Coalbed Methane Projects - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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Deep Industries Ltd., which along with partners won seven coalbed methane blocks in India through an auction Monday, plans to raise “substantial funds” to meet its capital expenditure needs, according to its chairman.

Deep Industries needs funds for exploration activities at the coalbed methane blocks it won at Monday’s auction. Coalbed methane allows extraction of methane from coal without affecting the physical properties of coal.

India received a dismal response at the auction of oil, gas and coalbed methane exploration blocks as global oil majors shied away from the process in the wake of lower oil prices, tepid global demand and still scarce credit.

Only 44 of the 80 blocks that went under hammer got any bids. Of the 10 coalbed methane blocks on offer, only eight received bids.


About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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