Gujarat Gas Company
| Public | |
| Traded as |
BSE: 523477 NSE: GUJRATGAS |
| Industry | Oil and gas |
| Founded | 1980 |
| Headquarters | Ahmedabad, India |
Area served | India |
Key people | Hasmukh Shah, Chairman |
| Products | Oil, petroleum and natural gas |
| Revenue | ₹18.67 billion (US$280 million) (2011)[1] |
| ₹2.57 billion (US$38 million) (2011) | |
| Website |
www |
Gujarat Gas Company Limited (GGCL), is an Indian natural gas distribution company. Established in 1980, and headquartered in Ahmedabad,[2] the company operates primarily in Gujarat.
History
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]
Operations
As of 2010, GGCL supplied piped natural gas to over 300,000 homes, commercial and industrial establishments across Gujarat. It operated over 3,700 kilometres (2,300 mi) of gas pipelines.[4] It also operates dozens of CNG filling stations for natural gas vehicles.
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 a unit of the state-run Gujarat State Petroleum Corporation.[5]
References
- ↑ "31st Annual Report" (PDF). Gujarat Gas Company Limited. Retrieved 2011-10-07.
- ↑ "Company Facts - Gujarat Gas". CNBC TV18 Money Control. Retrieved 2011-10-07.
- ↑ "GGCL History". Gujarat Gas Company Limited. Retrieved 2011-10-07.
- ↑ "About Us". Gujarat Gas Company Limited. Retrieved 2011-10-07.
- ↑ Reuters (3 October 2012). "BG offloads Gujarat Gas stake for $470 mln". Reuters.