CleanupBot at 15:19, 26 December 2022

2022-12-26T15:19:47Z

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{{Use dmy dates|date=October 2015}}
{{more citations needed|date=June 2017}}
{{Infobox company
| name = Gujarat State Petroleum Corporation Ltd
| logo = Gspc-group-logo.png
| caption =
| type = [[Government of Gujarat|State Government Agency]]
| industry =[[Oil and gas]]
| fate =
| predecessor =
| successor =
| foundation = {{Start date|df=yes|1979}}
| founder = [[Government of Gujarat]]
| defunct =
| location =
| location_city = [[Gandhinagar]], Gujarat
| locations =
| area_served = India
| key_people = {{Unbulleted list|[[Dr. J.N. Singh]], [[Indian Administrative Service|IAS]] ([[Chairman & Managing director]])|[[Sujit Gulati]], [[Indian Administrative Service|IAS]] ([[Company director|Director]])|[[Dr. T.Natarajan]] , [[Indian Administrative Service|IAS]] ([[Joint Managing director]])|}}
| products =
| services =
| revenue = {{Unbulleted list|class=nowrap|{{increase}} ₹10,724 crore (US$ 1.6 billion) (2016)}}
| operating_income = {{Unbulleted list|class=nowrap|{{loss
}} -₹875 crore (US$ -134 million) (2016)}}
| net_income = {{Unbulleted list|class=nowrap|{{loss}} -₹804 crore (US$ -123 million) (2016)}}
| aum =
| assets =
| equity =
| owner = {{Unbulleted list|[[Government of Gujarat]] (95%)}}
| num_employees =
| parent = [[Department of Energy and Petrochemicals (Gujarat)|Department of Energy and Petrochemicals]] , [[Government of Gujarat]]
| divisions =
| subsid =[[Gujarat Gas]]
| footnotes =
| intl =
| location_country = India
| homepage = {{url|http://www.gspcgroup.com/}}
}}
'''Gujarat State Petroleum Corporation Ltd''' (GSPC) Group is a [[Government of Gujarat|state government owned group of oil and gas exploration, production and distribution companies]] based in [[Gujarat]], India. It is India's only [[Government of Gujarat|state government-owned]] oil and gas company under the [[ownership]] of [[Department of Energy and Petrochemicals (Gujarat)|Department of Energy and Petrochemicals]] , [[Government of Gujarat]]. GSPC was incorporated in 1979 as a [[petrochemical]] company.

==History==
{{update section|date=June 2017}}
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 [[D. J. Pandian|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==
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==
;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.<ref>{{Cite news|url=http://www.business-standard.com/article/companies/gas-grid-to-criss-cross-whole-of-gujarat-107060101071_1.html|title=Gas grid to criss-cross whole of Gujarat|last=Reporter|first=B. S.|date=2007-06-01|work=Business Standard India|access-date=2017-06-24}}</ref><ref>{{Cite news|url=http://www.business-standard.com/article/companies/pngrb-cuts-gspl-rate-for-gas-grid-by-40-112091200064_1.html|title=PNGRB cuts GSPL rate for Gas Grid by 40%|agency=Press Trust of India|date=2012-09-12|work=Business Standard India|access-date=2017-06-24}}</ref> [[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 [[tonne]]s 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)|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 ==
{{reflist}}

==External links==
*[http://gspcgroup.com/ GSPC Group website]
*[http://www.gujaratgas.com/ GSPC GAS website]
*[http://www.gipl.in/ GIPL website]
*[http://www.germi.org/ GERMI website]

{{Nifty 200 companies}}
{{Energy companies and organizations in India}}

[[Category:Oil and gas companies of India]]
[[Category:Companies based in Ahmedabad]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:State agencies of Gujarat]]
[[Category:Energy in Gujarat]]
[[Category:Indian companies established in 1979]]
[[Category:1979 establishments in Gujarat]]

{{India-company-stub}}

Gujarat State Petroleum Corporation - Revision history

CleanupBot at 15:19, 26 December 2022