Buy gspl cmp 294 cmp tgt 350-400-450-500 ABOUT [ edit ] Gujarat State Petronet Limited is a Public Limited Company incorporated under The Companies Act,1956. Further it is a Government Company u/s 2(45) under the Companies Act,2013. Gujarat State Petronet Limited alongwith its subsidiaries is primarily engaged in transmission of Natural gas through pipeline. Further it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills. [1]
KEY POINTS [ edit ] Gas Transmission Business The company is the second largest player in terms of gas transmission pipeline network operator in the country with its 2,694 km long pipeline network connecting various cities from Vapi to Jafrabad. GSPL has a well-established network in Gujarat having control over 25 out of 33 districts.[1][2] During FY20, It commissioned the Pipavav- Gundala pipeline thereby providing natural gas connectivity to Projects at Dahej-SEZ, Gundala, Anjar. [3]
User Industries The company is involved in supplying gas to various customers from several industries which includes refineries, steel plants, Power plants, Textile companies, Chemical companies, City Gas Distribution companies, Fertilisers plant, Petrochemical plants, Glass Industries, etc.[4]
Product wise Revenue Break up In FY20, The company had ~15% of revenues from transportation of gas through its pipeline network and ~ 84% of revenues from sale of natural gas primarily through its subsidiary Gujarat Gas Ltd.[5]
Gujarat Gas Limited (~54% stake) - It is a subsidiary which is India's largest city gas distributor having its presence across 42 districts in the states of Gujarat, Punjab, Haryana, Rajasthan, MP, Maharashtra, Union territory of Dadra and Nagar Haveli. It is supplying gas to more than 14.4 lakhs residential, over 12,600 commercial & non commercial segments and 3,700 industrial customers. It is also supplying natural gas in the form of Compressed Natural Gas through 403 CNG stations catering to the automotive sector in operational areas.[6] It became a subsidiary after the company increased its stake in Gujarat Gas from ~26% to ~54% in FY18.[7]
Special Purpose Vehicles The company is implementing cross-country natural gas transmission pipelines through special purpose vehicles i.e. GSPL India Gasnet Ltd and GSPL India Transco Ltd.[3][8] It holds 52% stake in both these SPVs.[9]
Expansion Plans The company has undertaken the expansion of its Gas Transmission pipeline linking northern and western regions. The pipeline will link Mehsana in Gujarat to Bathinda in Punjab at a cost of ~5,500 crore INR.[10]
Part of GSPC The company is promoted by Gujarat State Petroleum Corporation Ltd which is one of the leading oil & gas exploration, development and production companies in India. It is promoted by the Government of Gujarat along with its public sector undertakings.[11]
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