Gujarat Gas Limited is an Indian

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

distribution company, owned by

Gujarat State Petroleum Corporation Gujarat State Petroleum Corporation Ltd (GSPCL) 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 ...

. Established in 1980, and headquartered in Ahmedabad, the company operates primarily in

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

. It is India's largest city gas distribution (CGD) company.

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 BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange i ...

and the National Stock Exchange. The

BG Group BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and ...

acquired a majority stake in the company in 1997. In October 2012, the majority owner in the firm,

, sold its 65% stake for a fee of around $470 million. The buyer was GSPC Gas, a unit of the state-run

(GSPC). GSPC Gas and GGCL were merged in 2015 and the new company was named Gujarat Gas Limited.

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 The western Indian state Gujarat has 33 districts after several splits of the original 17 districts at the formation of the state in 1960. Kutch is the largest district of Gujarat while Dang is the smallest. Ahmedabad is the most populated distr ...

and Union Territory of Dadra and Nagar Haveli and

Thane Thane (; also known as Thana, the official name until 1996) is a metropolitan city in Maharashtra, India. It is situated in the north-eastern portion of the Salsette Island. Thane city is entirely within Thane taluka, one of the seven taluk ...

GA (including

Palghar district Palghar District (Marathi pronunciation: aːlɡʱəɾ is a district in the state of Maharashtra in Konkan Division. On 1 Aug 2014, the State government of Maharashtra announced the formation of the 36th district of Maharashtra Palghar, it wa ...

) of Maharashtra. 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 Standard temperature and pressure (STP) are standard sets of conditions for experimental measurements to be established to allow comparisons to be made between different sets of data. The most used standards are those of the International Union ...

. It market capitalisation was Rs. 10,600 crore (15 May 2015).

References

Companies based in Ahmedabad Oil and gas companies of India Utilities of India Energy in Gujarat Non-renewable resource companies established in 1980 Natural gas companies of India 1980 establishments in Gujarat Indian companies established in 1980 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange {{India-company-stub