Natural gas producer Great Eastern Energy Corporation Limited (GEECL) has claimed more than Rs 100 crore from Matix Fertilisers & Chemicals Limited, allegedly for not adhering to the terms of the Gas Sale and Purchase Agreement (GSPA). This may come as a blow to Matix which operates West Bengal’s only large integrated fertilizer plant at Panagarh near Durgapur and claims to have a 20 per cent market share in eastern India.
Matix did not want to make any comment on the development stating that the matter is sub-judice.
