Following the approval by the Government of Gujarat, the boards of Gujarat State Petroleum Corporation Limited (GSPCL), Gujarat State Petronet Limited (GSPL), and Gujarat Gas Limited (GGL) approved the merger-demerger program on August 30, 2024.
Under the merger-demerger plan proposed by GSPC Group, in the initial phase, Gujarat State Petroleum Corporation Limited (GSPCL) and Gujarat State Petronet Limited (GSPL) will be merged to form Gujarat Gas Limited (GGL).
In the second phase of the scheme, Gujarat State Petronet Limited (GSPL) will be split and established in a brand new model.
Information about GSPCL
GSPCL is one of India’s second-largest gas trading company that supplies gas. An important public sector venture by The Government of Gujarat which is strategically situated in the gas and oil energy sector.
The Government of Gujarat and its public enterprises have a 93.61 percent shareholding in GSPCL.
Gujarat State Petronet Ltd’s stock closed at Rs 442.35 on Friday with a gain of 5.50 %. The stock of the company has seen an increase of 60.48 % over the past year.
Quick Fact
Company name: Gujarat State Petroleum Corporation
| Company name | Gujarat State Petroleum Corporation |
|---|---|
| Type | Public sector |
| Sector | Gas and oil energy |
| Main role | Gas trading |
| Location | India |
| Ownership | Government of Gujarat and its public enterprises |
| Shareholding | 94% |
| Merger phase | First phase |
| New entity | Gujarat Gas |
Company name: Gujarat State Petronet
| Company name | Gujarat State Petronet |
|---|---|
| Type | Public sector |
| Sector | Gas and oil energy |
| Stock price | ₹443 |
| Recent gain | 6% |
| Yearly growth | 60% |
| Merger phase | First phase |
| New entity | Gujarat Gas |
| Demerger | Second phase |
Company name: Gujarat Gas
| Company name | Gujarat Gas |
|---|---|
| Type | Public sector |
| Sector | Gas and oil energy |
| Origin | Result of GSPCL and GSPL merger |
| Merger phase | First phase |
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