https://indianpedia.org/index.php?action=history&feed=atom&title=Gujarat_GasGujarat Gas - Revision history2026-07-31T05:38:38ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Gujarat_Gas&diff=119580&oldid=prev>GreenC bot at 10:28, 5 July 20212021-07-05T10:28:26Z<p></p>
<p><b>New page</b></p><div>{{Short description|Indian natural gas distribution company}}<br />
{{Use dmy dates|date=March 2013}}<br />
{{Infobox company<br />
| name = Gujarat Gas Company Limited<br />
| logo = Gujarat-gas-logo.png<br />
| caption = <br />
| type = [[Public company|Public]]<br />
| traded_as = {{BSE|523477}} <br />{{NSE|GUJRATGAS}}<br />
| genre = <!-- Only used with media and publishing companies --><br />
| fate = <br />
| predecessor = Gujarat Gas Company Limited (GGCL)<br />GSPC Gas<br />GSPC Distribution Network Ltd.<br />
| successor = <br />
| foundation = {{Start date|df=yes|1980}}<br />
| founder = [[Government of Gujarat]]<br />
| defunct = <!-- {{End date|YYYY|MM|DD}} --><br />
| location_city = [[Ahmedabad]]<br />
| location_country = India<br />
| location = <br />
| locations = <br />
| area_served = India<br />
| key_people = Anil Mukim, Chairman<br />
| industry = [[Oil and gas]]<br />
| products = Natural gas<br />
| services = <br />
| revenue = {{INRConvert|106.10|b}} (FY2019-20)<br />
| operating_income = {{INRConvert|17.18|b}} (FY2019-20)<br />
| net_income = {{INRConvert|11.95|b}} (FY2019-20)<br />
| aum = <!-- Only used with financial services companies --><br />
| assets = <br />
| equity = <br />
| owner = <br />
| num_employees = <br />
| parent = [[Gujarat State Petroleum Corporation]]<br />
| divisions = <br />
| subsid = <br />
| homepage = {{URL|www.gujaratgas.com}}<br />
| footnotes = <br />
| intl = <br />
}}<br />
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'''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" /><br />
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== History ==<br />
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> <br />
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" /><br />
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== Operations ==<br />
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" /><br />
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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&nbsp;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]]. &nbsp;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><br />
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==References==<br />
{{reflist|2}}<br />
{{Gujarat}}<br />
{{Nifty 200 companies}}<br />
{{Energy companies and organizations in India}}<br />
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[[Category:Companies based in Ahmedabad]]<br />
[[Category:Oil and gas companies of India]]<br />
[[Category:Utilities of India]]<br />
[[Category:Energy in Gujarat]]<br />
[[Category:Non-renewable resource companies established in 1980]]<br />
[[Category:Natural gas companies of India]]<br />
[[Category:1980 establishments in Gujarat]]<br />
[[Category:Indian companies established in 1980]]<br />
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