Gujarat State Petronet Ltd
Gujarat State Petronet Ltd Company History
Gujarat State Petronet is primarily engaged in transmission of natural gas through pipeline on an open access basis from supply points to demand centers. Further, the Company is also engaged in business of city gas distribution, trading of natural gas and generation of electricity through Windmills.
2006
Gujarat State Petronet Ltd, a gas distribution arm of Gujarat Petroleum Corporation Limited (GSPC), has signed an agreement with Reliance Industries Ltd (RIL) for transportation of 11 mmscmd gas from Bharuch to Jamnagar for a period of 15 years starting from the first quarter of 2008-2009.
Gujarat State Petronet signed Agreement for Transportation Services with Reliance Industries
2006
2007
Gujarat State Petronet Ltd has nominated Smt. V L Joshi, IAS on the Board of Directors of the Company. The appointment of Smt. V L Joshi, IAS was approved by the Board of Directors of the Company in their meeting held on April 26, 2007.
2007
2010
Gujarat State Petronet Ltd has appointed Shri J. K. Jain and Shri R. Vaidyanathan as Independent Directors of the Company w.e.f. March 12, 2010.
2010
2011
GSPL gets contract for 3 cross- country gas distribution pipelines
GSPL receives Letter of Authorization (LOA) from Petroleum and Natural Gas Regulatory Board for developing three Cross Country Natural Gas Transmission Pipelines.
2011
2012
Signing of Joint Venture Agreements among GSPL, IOCL, BPCL and HPCL for execution of three cross country pipeline projects awarded by PNGRB
The Company recommended the dividend of Re. 1/- per share of Rs. 10 each (i.e.@ 10%).
2012
2013
Gujarat State Petronet recommended the dividend of Re. 1/- per share of Rs. 10 each (i.e.@ 10%).
2013
2014
Gujarat State Petronet recommended the dividend of Re. 1/- per share of Rs. 10 each (i.e.@ 10%).
2014
2015
GSPC Group company announced that it has been awarded a 5-star grading from the Occupational Health and Safety Audit that was conducted by the British Safety Council
2015
2016
GSPL has purchased 27.43% of Financial Institutions' holding in SGL".
We would like to inform that there is an inadvertent error in the above mentioned statement and the same may be read as "GSPL has purchased 27.50% of Financial Investors' holding in SGL."
2016
2021
GSPL has inform that the Company has further acquired/purchased 1,44,39,414 Equity Shares of GGL (i.e., 10.49% of the fully Paid-Up Equity Share Capital of Gujarat Gas Limited) from GSPC, by way of an inter-se promoter transfer in accordance with Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 through a Block Deal on 28th March, 2018 at a price of Rs. 836.25 per Share.
Subsequent to the same, GSPL now holds 54.16% of the fully paid-up Equity Share Capital of GGL and accordingly in terms of the provisions of Section 2(87) of the Companies Act, 2013 GGL has become Subsidiary Company of GSPL.
2021
