Gandhinagar India’s second largest natural gas infrastructure and transmission company Gujarat State Petronet Limited (GSPL) posted quarterly profit of Rs. 99.7 crore for the fourth quarter of fiscal 2016, reporting a steep rise of 49 percent vis-a-vis the same period last year. For financial year ending March 2016, GSPL’s net profit grew 8 percent to Rs. 444.47 crore, compared to a net profit of Rs. 410.36 crore last year. The EPS for financial year 2015-16 increased to Rs. 7.89...Read More

Jaipur A technical-economic study to find out feasibility of gas supply to households through pipeline in 25 cities and towns of Rajasthan will be conducted. An MoU to conduct the study was signed between the state government and Indian Oil Corporation today. The state Mines and Petroleum Minister Rajkumar Rinwa said the state government will provide all necessary cooperation to IOC for the study. "Supply of gas through pipelines to domestic households and industrial areas will n...Read More

New Delhi The 31 gas-based power units in the country with a capacity of 14,000 MW that are lying idle for lack of feed stock, will be allowed imports way of e-auctions, it was decided Wednesday. A meeting of the Cabinet Committee on Economic Affairs, presided over by Prime Minister Narendra Modi, gave the go ahead that will immediately lead to the resumption of power generation to the extent of 14,000 MW, officials said. "The additional generation would help light up many unconnected...Read More

Mumbai, 26 November 2014 Shares of gas companies surged today after the Appellate Tribunal for Electricity (APTEL)'s verdict in favor of Gujarat State Petronet Limited (GSPL) against the Petroleum and Natural Gas Regulatory Board (PNGRB) in tariff revision related case. With today's development, PNGRB has been asked to re-determine the tariff upward. This would be the second revision in past six months, the first revision was on 10.8 per cent. A 10 per cent i...Read More

Ahmedabad, 2 December 2013 Gujarat government may move High Court to get gas supplied by Gas Authority of India Limited(GAIL) at Dahej. Union Petroleum ministry had promised the Gujarat High Court to supply cheaper gas to Gujarat by 30th November. Accordingly, GAIL took a decision to supply gas to Gujarat State Petronet Limited(GSPL) at low pressure Suvali pipeline near Hazira in south Gujarat. GSPL however wants GAIL to supply gas at high pressure pipeline at ...Read More

Ahmedabad, 21 March 2013 Among the top ten companies that paid highest tax in financial year 2012-13 in Gujarat, five are state government run public sector units(PSUs). Among them four PSUs have paid more tax this year compared to previous financial year 2011-12. Gujarat Mineral Development Corporation(GMDC) is second top tax payer company in Gujarat with payment of Rs 288.50 crore tax for 2012-13, which is 34.50% higher than previous year. Gujarat State Petroleum Corpor...Read More

Ahmedabad, 29 June 2012 Gujarat State Petronet Ltd (GSPL) today moved yet another significant step towards its goal of emerging as a pan-India player in natural gas transmission segment, when its joint venture GSPL India Transco Ltd (GITL) entered into an agreement for syndicated loan of Rs. 5,080 crore with a consortium of 14 banks for its upcoming Mallavaram-Bhopal-Bhilwara-Vijaipur pipeline project (Map attached). Shri Tapan Ray, IAS, MD, Gujarat State Petroleum Corporation (...Read More