Sustainable improvement in cash accruals is expected to improve GGL's financial risk profile notwithstanding the sizeable capital expenditure (capex) programme.
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The license is being offered for 25 years initially. CESU is spread over 30,000 sq km with a population of over 1.4 crore and a consumer base of 25 lakh.
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Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders.
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The price for cargoes delivered in January is estimated to be about $5.65 per mmBtu, steady compared with last week, they said.
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The blocks are located at an aerial distance of 10 to 15 km. Rohne coal block has coking coal which may require washing of coal for feeding into steel plant.
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Care said the downgrade factors in pending approval of JEL's resolution plan submitted for Ind-Barath Energy (Utkal) Ltd by the committee of creditors.
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Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak global cues.
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Naval Station Norfolk highlighted the depth of the US-India defence partnership and the close ties between the Navies of the two countries.
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