Gujarat Gas Limited , India's largest City Gas Distribution (CGD) company, has outlined an ambitious growth strategy while reporting its financial results for the second quarter of fiscal year 2026.

Growth Strategy

The company has set its sights on achieving double-digit volume Compound Annual Growth Rate (CAGR) over a three-year period. This growth plan focuses on several key areas:

1. Volume Recovery: Gujarat Gas aims to boost volumes across its industrial and Piped Natural Gas (PNG) segments.

2. Infrastructure Expansion: The company is investing in expanding its gas infrastructure to support growth.

3. CNG Station Network: Gujarat Gas is actively developing its Compressed Natural Gas (CNG) station network.

4. Cost Efficiency: The company is focusing on cost optimization measures to sustain margins.

5. LNG Contract Optimization: Gujarat Gas plans to optimize its long-term Liquefied Natural Gas (LNG) contracts.

Q2 FY26 Financial Highlights

For the quarter ended September 30, 2025, Gujarat Gas reported the following financial results:

Operational Performance

Gujarat Gas demonstrated strong growth in its CNG and PNG segments:

• CNG Volume: 3.32 mmscmd in Q2 FY26, up 13% from 2.93 mmscmd in Q2 FY25.
• PNG (Domestic) Volume: 0.83 mmscmd in Q2 FY26, a 10% increase from 0.76 mmscmd in Q2 FY25.
• PNG (Commercial) Volume: 0.16 mmscmd in Q2 FY26, up 7% from 0.15 mmscmd in Q2 FY25.

Expansion Initiatives

Gujarat Gas is expanding its CNG network through the Fully Dealer Owned Dealer Operated (FDODO) model:

• The company has signed approximately 74 FDODO agreements with various dealers.
• During Q2 FY26, one FDODO station became operational in Jamnagar, with more stations set to open soon.

Corporate Developments

The company reported progress on its Composite Scheme of Amalgamation and Arrangement:

• A meeting of equity shareholders was held on October 17, 2025, as directed by the Ministry of Corporate Affairs.
• Shareholders approved the scheme with a significant majority.
• Gujarat Gas has filed the Chairman's Report and Confirmation petition with the Ministry of Corporate Affairs.

As India's leading CGD company, Gujarat Gas continues to focus on expanding its infrastructure and customer base. The company currently operates 834 CNG stations and provides natural gas to over 23.44 lakh households across six states and one union territory.

Gujarat Gas's strategic focus on volume growth, infrastructure expansion, and operational efficiency positions it well to capitalize on the growing demand for natural gas in India's energy market.

Gujarat Gas Limited, a Government of Gujarat undertaking, has announced a significant change in its leadership. The company has appointed Shri Manoj Kumar Das, IAS, as Additional Director Chairman on its Board of Directors, effective November 2, 2025.

Key Details of the Appointment

Professional Background of Shri Manoj Kumar Das

Shri Manoj Kumar Das brings a wealth of experience to his new role at Gujarat Gas Limited:

• Senior IAS Officer of the 1990 batch
• B.Tech in Computer Science from IIT-Kharagpur
• Specializations in Revenue administration, Urban Management & Civic Issues, Law & Order, and Disaster Management
• Previously served as Additional Chief Secretary to the Chief Minister of Gujarat

Career Highlights

Shri Das has held several key positions throughout his career:

• District Development Officer, Junagadh
• District Collector in Porbandar, Palanpur & Surat
• Deputy Municipal Commissioner, Ahmedabad
• Municipal Commissioner in Surat & Vadodara
• District (J&K Affairs), Home Ministry, Government of India
• Principal Secretary in Industries and Mines Department, Food, Civil Supplies & Consumer Affairs Department

His appointment follows the resignation of Shri Pankaj Joshi, IAS (Retd.), who stepped down as Director & Chairman due to superannuation, effective November 1, 2025.

Regulatory Compliance

Gujarat Gas Limited has confirmed that Shri Manoj Kumar Das is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. The company has made this appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors at Gujarat Gas Limited has approved this appointment, signaling a new chapter in the company's leadership. With his extensive experience in various administrative roles, Shri Manoj Kumar Das is expected to bring valuable insights to his new position as Additional Director Chairman.