Gujarat State Petroleum Corporation Ltd (GSPCL) is a

state government A state government is the government that controls a subdivision of a country in a federal form of government, which shares political power with the federal or national government. A state government may have some level of political autonom ...

owned group of oil and gas exploration, production and distribution companies based 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 ...

, India. It is India's only state government-owned oil and gas company under the

ownership Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...

of Department of Energy and Petrochemicals,

Government of Gujarat The Government of Gujarat, also known as Gujarat Government, is the supreme governing authority of the Indian state of Gujarat and its 33 districts. It consists of an executive of the legislators appointed by the Governor of Gujarat, a judiciary ...

. GSPC was incorporated in 1979 as a

petrochemical Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sou ...

company.

History

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

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 Hazira is a suburb and a transshipment port in the Surat City in the Gujarat state of India. It is the west most end of Surat. Hazira is one of the major ports of India and the most important element of Surat Metropolitan Region. The town is ...

. GSPC has also exploration activities in

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Yemen Yemen (; ar, ٱلْيَمَن, al-Yaman), officially the Republic of Yemen,, ) is a country in Western Asia. It is situated on the southern end of the Arabian Peninsula, and borders Saudi Arabia to the Saudi Arabia–Yemen border, north and ...

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, 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.

Gujarat Gas Gujarat Gas Limited is an Indian natural gas distribution company, owned by Gujarat State Petroleum Corporation. Established in 1980, and headquartered in Ahmedabad, the company operates primarily in Gujarat. It is India's largest city gas dist ...

(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 The tonne ( or ; symbol: t) is a unit of mass equal to 1000 kilograms. It is a non-SI unit accepted for use with SI. It is also referred to as a metric ton to distinguish it from the non-metric units of the short ton ( United State ...

s per year LNG terminal at Mundra which shall be commissioned in 2020. ;Power generation

Gujarat State Energy Generation GSEG Combined Cycle Power plant, Hazira is a gas based combined cycle power plant located at Hazira, Gujarat, in India. The project is a joint venture between Gujarat State Petroleum Corporation (GSPC) Ltd., GAIL, Krishak Bharati Cooperative (K ...

(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 Pipavav is located at latitude 20°54'N and longitude 71°30'E on the coast of Gujarat, India. By road it is 2 hours (85 km) from Amreli, 30 minutes (20 km) from Rajula city, 2.5 hours (130 km) from Bhavnagar on the east and 1. ...

Saurashtra region Saurashtra, also known as Sorath or Kathiawar, is a peninsular region of Gujarat, India, located on the Arabian Sea coast. It covers about a third of Gujarat state, notably 11 districts of Gujarat, including Rajkot District. It was formerly a ...

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

External links

GSPC Group websiteGSPC GAS websiteGIPL websiteGERMI website
Oil and gas companies of India Companies based in Ahmedabad Companies listed on the Bombay Stock Exchange State agencies of Gujarat Energy in Gujarat Indian companies established in 1979 1979 establishments in Gujarat Companies listed on the National Stock Exchange of India {{India-company-stub