The GSPC Group is India’s only integrated energy conglomerate with strong footholds in every segment of the energy value chain - from upstream Exploration & Production (E&P) of Oil & Gas, to midstream Trading & Transmission and downstream Distribution of Natural Gas and Power Generation. Support business interest includes Information Technology Infrastructure with an energy sector focus and Energy Education and R&D. The Group also has a presence in Alternative Power Generation.
The GSPC Group is the largest state government owned entity in India with a consolidated current turnover of Rs. 12,500 crores. The Group is often dubbed as ‘The Complete Energy Group’ for its end-to-end presence and business exposures in nearly all energy verticals.
By helping develop and mature India’s gas market, all GSPC Group companies further Government of Gujarat’s primary objectives of ensuring energy security, establishing a gas-powered economy and pursuing an all-inclusive growth paradigm.
Incepted in 1980, Gujarat Gas Company Limited (GGCL) has since evolved to become one of India’s largest players in distribution of Natural Gas. The company serves the entire range of the retail end of the gas value chain - Residential, Industrial, Commercial and Compressed Natural Gas (CNG).
Gujarat Gas has its corporate headquarters in Ahmedabad and current operational mandate in two key industrial districts of Gujarat - Surat and Bharuch. The company presently supplies piped natural gas to more than 3,86,000 customers and retails CNG to over 1,98,000 users across its area of operation.
With the objective of ensuring supply security for its customers, Gujarat Gas has developed a multi source gas sourcing model which offers flexibility to an extent in volumes and optimizes cost. In pursuit of its vision of making natural gas the safe and preferred energy solution, GGCL’s network is built and operated on world class safety, asset integrity and technical standards.
Erstwhile a part of the BG Group, the company was acquired by an integrated gas major GSPC Group in June 12, 2013 through an acquisition of BG Group’s stake via the open bidding route. GSPC Group, through its subsidiary GSPC Distribution Networks Limited, now holds a 73.70% controlling equity stake in GGCL with the remaining shares being distributed among FIs, FIIs and the public. GGCL is listed on major Indian bourses - Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Ahmedabad Stock Exchange (ASE) and Vadodara Stock Exchange (VSE).