Gandhinagar: The International Financial Services Centre (IFSC) at GIFT City has announced a collaboration with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC) to establish a Global Hydrogen Trading Mechanism. This initiative, set to be the second of its kind globally, places GIFT City at the forefront of the emerging green hydrogen economy. A key aspect of this collaboration is the subsequent launch of the Global Hydrogen Price Index, which will play a pivotal ro...Read More

Gandhinagar: NTPC Green Energy Ltd (NGEL) has entered into MoUs with Gujarat State Petroleum Corporation Ltd. (GSPC) and Gujarat Pipavav Port Ltd. (GPPL) during the three-day Vibrant Gujarat Global Summit 2024, being held in Gandhinagar during January 10 – 12, 2024. The MoU with Gujarat State Petroleum Corporation Ltd. aims for the blending of Green Hydrogen in the gas networks of GSPC and promotion of Green Hydrogen mobility by setting up Green Hydrogen fuelling stations in Gujarat. The Mo...Read More

Gandhinagar: Chief Minister Bhupendra Patel today launched the Mission Green Hydrogen - Gujarat during the seminar on ‘Gujarat - The Green Hydrogen Destination of India’ at Mahatma Mandir in the state capital. On the third day of the Vibrant Gujarat Summit 2024, several Memorandums of Understanding (MoUs) were signed between the state government and entities operating in the green hydrogen sector during the seminar. The first MoU was signed between the University of California, Berkele...Read More

Gandhinagar: Gujarat State Petroleum Corporation (GSPC) has emerged as the top public undertaking with the highest profit in the state for the financial year 2021-22, with a profit of Rs 1183.73 crore. Following closely behind is Gujarat Energy Transmission Corporation Limited (GETCO), which has made a profit of Rs 971.46 crore. However, the internal debt of the state government has increased, reaching Rs 3.80 lakh crore in the past year, up from Rs 3.57 lakh crore. Despite this, several publ...Read More

Gandhinagar: Out of 77 active public sector enterprises of Gujarat government, 54 have earned Rs 3647.96 crore profit while 14 have made Rs 18,412.39 crore loss as per the report of Comptroller and Auditor General(CAG) for year 2016-17 tabled today, on the last day of two-day long Gujarat Assembly session. Among profit making PSUs, Gujarat Petronet Ltd earned Rs 737.79 crore profit, Gujarat Mineral Development Corporation(GMDC) made Rs 445.98 crore profit, Gujarat Gas Ltd made Rs 303.33 cror...Read More

Gandhinagar: Managing Director of the Gujarat State Petroleum Corporation Ltd (GSPC) and chief secretary J N Singh today termed the around $1.2 billion deal with the Oil and Natural Gas Corporation Ltd (ONGC) for the transfer of 80% of the GSPC's stake and development rights of its oil exploration block in Kirshna Godavari basin off Andhra Coast as 'in the interest of both Gujarat and India'. Addressing a press conference here after chairing a meeting of the company to with regard to the ...Read More

Ahmedabad: The board of state-run Oil and Natural Gas Corporation Ltd (ONGC) on Friday approved the plan to acquire the entire 80% participating interest of Gujarat State Petroleum Corporation Ltd's (GSPC) block in Krishna Godavari basin for $995.26 million. In a statement to the media, ONGC said, "ONGC Board today considered the proposal and approved acquisition of the entire 80% Participating Interest (PI) of GSPC along with operatorship rights, at a purchase consideration of $995.26 milli...Read More

Kolkata: Gujarat government today denied West Bengal Chief Minister Mamata Banerjee's claim that the loans extended to Gujarat State Petroleum Corporation (GSPC) by banks had turned out to be non-performing assets (NPAs). "It is wrong to interpret that the loans given by banks to GSPC will turn NPAs," an official of the Gujarat government told reporters here today. The official said that the company, owned by the Gujarat government, had completed its project, laid the pipeline and had been...Read More

New Delhi: Gujarat State Petroleum Corp (GSPC) today reported a net profit of Rs 374.03 crore in the first half of current fiscal as compared to a loss of Rs 369.55 crore in the same period a year ago. "For the first half of previous year that ended on September 30, 2015, the company had reported a net loss of Rs 369.55 crores largely due to exceptional items such as writing off of exploration costs," GSPC said in a statement. GSPC is an unlisted company and does not give out quarterly nu...Read More