Glo Product Validation and Benchmarking

[Audio] Gujarat Gas Ltd. 539336. GUJGAS LTD. [image] A picture containing indoor Description automatically generated.

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[Audio] Introduction (A State PSU with MNC Legacy) In the mid-1980s, Gujarat Industrial Investment Corporation Ltd (GIIC) had secured natural gas supplies from Oil & Natural Gas Corporation and Gujarat Gas Company Ltd (GGCL) was formed for distribution as a joint venture with the Mafatlal Group. The first City Gas Distribution project in India was implemented in 1990 with domestic piped gas connection in Ankleshwar, followed by Bharuch, Surat, and then some other towns. In 1991, the company got listed and in 1997, global energy major British Gas (BG) Group picked up 65 per cent of GGCL's shares from the Mafatlal Group. The government of Gujarat, through GSPC, bought 65 per cent equity in GGCL from the BG group in October 2012 for Rs 2,463.8 crores. Gujarat Gas was then formed by the merger of GGCL & GSPC Gas Company Ltd. Multinational legacy has helped Gujarat Gas become a professionally competent company..