Gujarat Gas

Gujarat Gas Company Limited

Type	Public
Traded as	BSE: 523477 NSE: GUJRATGAS
Industry	Oil and gas
Predecessor	Gujarat Gas Company Limited (GGCL) GSPC Gas GSPC Distribution Network Ltd.
Founded	1980 (1980)
Founder	Government of Gujarat
Headquarters	Ahmedabad , India
Area served	India
Key people	Anil Mukim, Chairman
Products	Natural gas
Revenue	₹106.10 billion (US$1.4 billion) (FY2019-20)
Operating income	₹17.18 billion (US$230 million) (FY2019-20)
Net income	₹11.95 billion (US$160 million) (FY2019-20)
Parent	Gujarat State Petroleum Corporation
Website	www.gujaratgas.com

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[]

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[]

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] Recently, Gujarat Gas had succeeded in securing the authorization in an auction held by the PNGRB.^[6]

References[]

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