Company Overview

Prabha Energy Limited, incorporated in 2009 and listed on Indian stock exchanges in 2025, is a leading exploration and production company with interests in Coal Bed Methane (CBM) and Marginal Gas Fields in India. The company has built a diversified portfolio to unlock the potential of India's energy resources efficiently and profitably.

Asset Portfolio

Coal-Bed Methane Assets

  • Total GIIP: 31 BCM across two blocks
  • North Karanpura Block: 25% PEL participating interest, partners include ONGC (55%) and Indian Oil Corporation (20%). 68 wells drilled out of 74 planned. Commercial production started May 2025.
  • Jharia Block: 90% PEL participating interest, partner Bharat Coking Coal Ltd (10% - a Coal India subsidiary). 8 wells drilled out of 55 planned (phased). Commercial production expected Q4 FY27.

Marginal Gas Fields

  • Total GIIP: 1.42 BCM
  • Location: Three Marginal Gas Fields in Rajasthan

Strategic Positioning

Prabha Energy is positioning to be one of the largest private-sector CBM gas producers in India, aligned with the Central Government's plan to increase CBM gas production to 5.0 MMSCMD by 2027-28. The company operates under a public-private partnership (PPP) model for natural gas production in India.

Infrastructure Connectivity

  • North Karanpura: ~68 km IOCL pipeline connection to Urja Ganga/National Gas Grid
  • Jharia: ~8 km PEL pipeline connection to National Gas Grid
  • India's gas pipeline network expected to reach 30,000+ km by 2027

Financial Economics

  • CBM gas production carries approximately 70% EBITDA margin over the block life
  • Rich profitability economics with free, market-driven gas pricing mechanism applicable to both blocks

Execution Roadmap

  • North Karanpura advancing within budgeted capex with option to drill 50 further wells under Phase-II at lower incremental capex
  • Jharia Block: Remaining capex for 47 of 55 wells requires funding, planned through staggered capex strategy fundable via internal cash flows and debt
  • NK execution experience to be leveraged for Jharia development

Market Context

  • India's natural gas demand projected to rise from ~188 MMSCMD today to 297-365 MMSCMD by 2030
  • ~$67 billion investment planned in India's natural gas infrastructure by 2030
  • 18,000+ CNG stations expected by 2034
  • India's CBM resources estimated at ~2605 billion cubic meters across 12 states

Risk Factors & Mitigation

  • Execution & Ramp-Up Risk: Mitigated by NK already in commercial production and credible partners (ONGC, IOC, BCCL) with strong sectoral vintage
  • Regulatory & Pricing Risk: Mitigated by free, market-driven gas pricing already applying to both blocks with government policy support
  • Capital & Funding Risk: Mitigated by staggered capex strategy fundable through internal cash flows and debt
  • Market & Offtake Risk: Mitigated by direct pipeline connectivity to National Gas Grid ensuring ready market access

Leadership Team

  • Mr. Premsingh Sawhney: Chairman & Executive Director, B.Tech (Chemical Engineering) NIT Warangal; M.Tech IIT Mumbai; 41+ years experience in conventional & unconventional hydrocarbon E&P
  • Mr. Shanil Savla: Managing Director, B.Tech (Mechanical) and MBA (Finance); 5+ years experience in energy, commercial and operational leadership
  • Mr. Vishal Palkhiwala: Executive Director & CFO, Law graduate; 30+ years experience across Finance, Accounts, Taxation & Administration; 7+ years in oil & gas industry

Investor Contacts

  • Ms. Munmun Dutta: ir@prabhaenergy.com
  • Mr. Balasubramanyam Danturti (IR Consultant): baladanturti@yahoo.com