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'''Gujarat Gas Limited''' | '''Gujarat Gas Limited'''<ref name=":0">{{Cite news|url=http://www.indiainfoline.com/article/print/news-top-story/gujarat-gas-gspc-gas-amalgamation-process-is-complete-115051600619_1.html|title=Gujarat Gas, GSPC Gas amalgamation process is complete|last=indiainfoline.com|access-date=2017-06-24}}</ref> is an Indian [[natural gas]] distribution company, owned by [[Gujarat State Petroleum Corporation]]. Established in 1980, and headquartered in [[Ahmedabad]],<ref name=mc-ggcl>{{cite web|url=http://www.moneycontrol.com/company-facts/gujgas/management/GGC|title=Company Facts - Gujarat Gas|publisher=CNBC TV18 Money Control|access-date=2011-10-07}}</ref> the company operates primarily in [[Gujarat]]. It is India's largest city gas distribution (CGD) company.<ref name=":0" /> | ||
== History == | == History == | ||
Gujarat Gas Company Limited (GGCL) was incorporated in 1980, and is in the business of procurement and distribution of natural gas. The company went public in October 1991, listing on the [[Bombay Stock Exchange]] and the [[National Stock Exchange (India)|National Stock Exchange]]. The [[BG Group]] acquired a majority stake in the company in 1997.<ref name=ggcl-milestones>{{cite web|url=http://www.gujaratgas.com/gujaratgas/website/content.aspx?pageid=179&parentid=1&pagelevel=1|title=GGCL History|publisher=Gujarat Gas Company Limited|access-date=2011-10-07|archive-url=https://web.archive.org/web/20111104020309/http://www.gujaratgas.com/gujaratgas/website/content.aspx?pageid=179&parentid=1&pagelevel=1|archive-date=4 November 2011|url-status=dead}}</ref> | Gujarat Gas Company Limited (GGCL) was incorporated in 1980, and is in the business of procurement and distribution of natural gas. The company went public in October 1991, listing on the [[Bombay Stock Exchange]] and the [[National Stock Exchange (India)|National Stock Exchange]]. The [[BG Group]] acquired a majority stake in the company in 1997.<ref name=ggcl-milestones>{{cite web|url=http://www.gujaratgas.com/gujaratgas/website/content.aspx?pageid=179&parentid=1&pagelevel=1|title=GGCL History|publisher=Gujarat Gas Company Limited|access-date=2011-10-07|archive-url=https://web.archive.org/web/20111104020309/http://www.gujaratgas.com/gujaratgas/website/content.aspx?pageid=179&parentid=1&pagelevel=1|archive-date=4 November 2011|url-status=dead}}</ref> | ||
In October 2012, the majority owner in the firm, [[BG Group]], sold its 65% stake for a fee of around $470 million. The buyer was GSPC Gas, a unit of the state-run [[Gujarat State Petroleum Corporation]] (GSPC).<ref>{{cite news| url=http://uk.reuters.com/article | In October 2012, the majority owner in the firm, [[BG Group]], sold its 65% stake for a fee of around $470 million. The buyer was GSPC Gas, a unit of the state-run [[Gujarat State Petroleum Corporation]] (GSPC).<ref>{{cite news| url=http://uk.reuters.com/article/bg-brief-idUKL6E8L3DVL20121003| title=BG offloads Gujarat Gas stake for $470 mln | work=Reuters | publisher=Reuters | date=3 October 2012}}</ref> GSPC Gas and GGCL were merged in 2015 and the new company was named Gujarat Gas Limited.<ref name=":0" /> | ||
== | == Operations == | ||
As of | As of May 2015, Gujarat Gas Limited has City Gas Distribution (CGD) network in 649 human settlements (city, town, villages) in 19 [[List of districts of Gujarat|districts of Gujarat]] and [[Union Territory of Dadra and Nagar Haveli]] and [[Thane]] GA (including [[Palghar district]]) of [[Maharashtra]].<ref name=":0" /> | ||
As of 2017, it has the largest customer base in gas distribution sector in India: 10,80,000 domestic households, 2,835 industrial customers, 11,900 commercial and non-commercial customers, 233 CNG stations selling more than 7,65,000 kg of CNG per day serving to more than 1,60,000 vehicles per day. It has achieved the highest total daily gas sales volume in India, up to 6.5 million cubic metre per day at [[Standard conditions for temperature and pressure|standard conditions]]. It market capitalisation was Rs. 10,600 crore (15 May 2015).<ref name=":0" /><ref>{{Cite web|url=http://www.gujaratgas.com/about-us/from-ceos-desk/|title=From CEO's Desk {{!}} About Us|website=www.gujaratgas.com|access-date=2017-06-24}}</ref> | |||
==References== | ==References== | ||
Latest revision as of 15:58, 5 July 2021
 | |
| Traded as | BSE: 523477 NSE: GUJRATGAS |
|---|---|
| Industry | Oil and gas |
| Predecessor | Gujarat Gas Company Limited (GGCL) GSPC Gas GSPC Distribution Network Ltd. |
| Founded | 1980 |
| Founder(s) | Government of Gujarat |
| Headquarters | , India |
Area served | India |
Key people | Anil Mukim, Chairman |
| Products | Natural gas |
| Revenue | ₹106.10 billion (US$1.5 billion) (FY2019-20) |
| ₹17.18 billion (US$240 million) (FY2019-20) | |
| ₹11.95 billion (US$170 million) (FY2019-20) | |
| Parent | Gujarat State Petroleum Corporation |
| Website | www |
Gujarat Gas Limited[1] is an Indian natural gas distribution company, owned by Gujarat State Petroleum Corporation. Established in 1980, and headquartered in Ahmedabad,[2] the company operates primarily in Gujarat. It is India's largest city gas distribution (CGD) company.[1]
History[edit | edit source]
Gujarat Gas Company Limited (GGCL) was incorporated in 1980, and is in the business of procurement and distribution of natural gas. The company went public in October 1991, listing on the Bombay Stock Exchange and the National Stock Exchange. The BG Group acquired a majority stake in the company in 1997.[3] In October 2012, the majority owner in the firm, BG Group, sold its 65% stake for a fee of around $470 million. The buyer was GSPC Gas, a unit of the state-run Gujarat State Petroleum Corporation (GSPC).[4] GSPC Gas and GGCL were merged in 2015 and the new company was named Gujarat Gas Limited.[1]
Operations[edit | edit source]
As of May 2015, Gujarat Gas Limited has City Gas Distribution (CGD) network in 649 human settlements (city, town, villages) in 19 districts of Gujarat and Union Territory of Dadra and Nagar Haveli and Thane GA (including Palghar district) of Maharashtra.[1]
As of 2017, it has the largest customer base in gas distribution sector in India: 10,80,000 domestic households, 2,835 industrial customers, 11,900 commercial and non-commercial customers, 233 CNG stations selling more than 7,65,000 kg of CNG per day serving to more than 1,60,000 vehicles per day. It has achieved the highest total daily gas sales volume in India, up to 6.5 million cubic metre per day at standard conditions. It market capitalisation was Rs. 10,600 crore (15 May 2015).[1][5]
References[edit | edit source]
- ↑ 1.0 1.1 1.2 1.3 1.4 indiainfoline.com. "Gujarat Gas, GSPC Gas amalgamation process is complete". Retrieved 24 June 2017.
- ↑ "Company Facts - Gujarat Gas". CNBC TV18 Money Control. Retrieved 7 October 2011.
- ↑ "GGCL History". Gujarat Gas Company Limited. Archived from the original on 4 November 2011. Retrieved 7 October 2011.
- ↑ "BG offloads Gujarat Gas stake for $470 mln". Reuters. Reuters. 3 October 2012.
- ↑ "From CEO's Desk | About Us". www.gujaratgas.com. Retrieved 24 June 2017.
| Topics |  | |
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| Regions of Gujarat | ||
| Districts | ||
| Major cities | ||
| Ecoregions | ||
| Economy | ||
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