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Great Eastern Energy - Report on Payments to Government

RNS Number : 0799K
Great Eastern Energy Corp Ltd
23 August 2019
 

23 August 2019

 

Great Eastern Energy Corporation Limited

 

("Great Eastern" or "the Company")

 

Report on Payments to Government

 

 

The Company herewith discloses the payments it has made to the Government of India and the West Bengal State Government for the financial year ended March 31, 2019 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority.

 

In addition to Income Tax, the Company paid Royalty and a Production Level Payment.

 

1.   Income Tax - US$ 2,744,057

 

2.   Royalty - US$ 2,456,495

 

3.   Production Level Payment - US$ 614,124

 

The payments were made in Indian Rupees and converted into US$ based on the average foreign exchange rate for the said year.

 

For further information, please contact:

 

Great Eastern Energy (www.geecl.com)

 

Yogendra Kr. Modi, Executive Chairman                                                                      +91 97176 29994

Prashant Modi, Managing Director & CEO

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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