Gujarat State Petroleum Corporation

Gujarat State Petroleum Corporation Ltd
	File:Gspc-group-logo.png
Industry	Oil and gas
Founded	1979
Founder(s)	Government of Gujarat
Headquarters	Gandhinagar, Gujarat, India
Area served	India
Key people	Dr. J.N. Singh, IAS (Chairman & Managing director); Sujit Gulati, IAS (Director); Dr. T.Natarajan , IAS (Joint Managing director);
Revenue	₹10,724 crore (US$ 1.6 billion) (2016);
Operating income	-₹875 crore (US$ -134 million) (2016);
Net income	-₹804 crore (US$ -123 million) (2016);
Owner	Government of Gujarat (95%);
Parent	Department of Energy and Petrochemicals , Government of Gujarat
Subsidiaries	Gujarat Gas
Website	www.gspcgroup.com

Dear reader, We need your support to keep the flame of knowledge burning bright! Our hosting server bill is due on June 1st, and without your help, Bharatpedia faces the risk of shutdown. We've come a long way together in exploring and celebrating our rich heritage. Now, let's unite to ensure Bharatpedia continues to be a beacon of knowledge for generations to come. Every contribution, big or small, makes a difference. Together, let's preserve and share the essence of Bharat.

Thank you for being part of the Bharatpedia family!
Please scan the QR code on the right to donate.

0%

transparency: ₹0 raised out of ₹100,000 (0 supporter)

Gujarat State Petroleum Corporation Ltd (GSPC) Group is a state government owned group of oil and gas exploration, production and distribution companies based in Gujarat, India. It is India's only state government-owned oil and gas company under the ownership of Department of Energy and Petrochemicals , Government of Gujarat. GSPC was incorporated in 1979 as a petrochemical company.

History[edit]

Incorporated in 1979 as a petrochemical company, GSPC has a wide gamut of hydrocarbon activities. In 1992, GSPC widened the scope of its activities and rechristened itself as Gujarat State Petroleum Corporation in 1994. With the Government of India's decision to privatize the hydrocarbon sector, GSPC acquired several discovered fields in the first and second rounds of bidding process initiated by the Government of India during 1994 and 1995. The company saw a great transformation from the year 2001, when DJ Pandian was appointed the managing director. The public sector company's activities have become controversial, with the CAG indicting the company on many counts.

Operations[edit]

GSPC has made one of India's largest gas finds in the Krishna Godavari Basin. It has also built the country's first land-based drilling platform, Ratnakar, at Hazira. GSPC has also exploration activities in Egypt, Yemen, Indonesia, and Australia.

Subsidiaries[edit]

Gas

Gujarat State Petronet Limited (GSPL) is a natural gas transmission company. It has 2239 km long gas pipeline network (Gujarat Gas Grid) in Gujarat.^[1]^[2] Gujarat Gas (GGL) is natural gas distribution company which is India's largest city gas distribution company. GSPL India Gasnet Limited (GIGL) and GSPL India Transco Limited (GITL) are join ventures promoted by GSPL along with Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) for the purpose of implementation of 2100 km pipeline passing through Mehsana - Bhatinda - Jammu - Srinagar and another 2042 km pipeline passing through Mallavarm - Bhopal - Bhilwara - Vijaipur respectively. Sabarmati Gas Limited (27.47% holding) was incorporated in 2006 for developing gas distribution network in 3 districts; Gandhinagar, Mehsana and Sabarkantha. GSPL (27.47%), GSPC (11.25%) and BPCL holds another 25.0% and Institutional Investors together hold rest of the company. GSPC LNG Limited (GLL) holds stake in the 5.0 million tonnes per year LNG terminal at Mundra which shall be commissioned in 2020.

Power generation

Gujarat State Energy Generation (GSEG) is a company for power generation in Gujarat which operate Haziara Gas Powerplant commissioned in 2002. GSPC Pipavav Power Company is a company for implementation of a power project at Pipavav in Saurashtra region of Gujarat. It is jointly held by Gujarat Power Corporation Ltd. (GPCL) of Gujarat Government.

IT

Guj Info Petro Ltd. (GIPL) provides IT and telecommunication services.

Education

The Gujarat Energy Research and Management Institute (GERMI) is an institution for energy education, training and research.

References[edit]

↑ Reporter, B. S. (1 June 2007). "Gas grid to criss-cross whole of Gujarat". Business Standard India. Retrieved 24 June 2017.
↑ "PNGRB cuts GSPL rate for Gas Grid by 40%". Business Standard India. Press Trust of India. 12 September 2012. Retrieved 24 June 2017.

External links[edit]

This article about an Indian company is a stub. You can help Bharatpedia by expanding it.

[1] Reporter, B. S. (1 June 2007). "Gas grid to criss-cross whole of Gujarat". Business Standard India. Retrieved 24 June 2017.

[2] "PNGRB cuts GSPL rate for Gas Grid by 40%". Business Standard India. Press Trust of India. 12 September 2012. Retrieved 24 June 2017.

[1]

[2]