Latest news about Gujarat Gas
Gujarat Gas Concall Update: CapEx Guidance, Morbi Volume Targets, and Brokerage Views
Gujarat Gas
372.80
-15.65(-4.03%)
Company Performance:
View Company Insights1D-4.03%
1M-1.00%
6M-5.66%
1Y-17.86%
5Y-45.05%
More news about Gujarat Gas
02Jun 26
Gujarat Energy revises FY26 segment reporting to PBT
Gujarat Energy Limited revised its segment-wise financial details for FY26 to report Profit Before Tax instead of Profit After Tax, confirming no change in financial figures. The standalone net profit for FY26 was ₹2,299 crore, down from ₹4,204.02 crore in the previous year, with revenue at ₹24,198 crore. The Board recommended a final dividend of ₹8.90 per share.
28May 26
Gujarat State Petronet confirms no encumbrance on Gujarat Gas shares for FY26
Gujarat State Petronet Limited disclosed to stock exchanges that it did not create any encumbrance on its equity shares in Gujarat Gas Limited for the financial year ended March 31, 2026. The confirmation was submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
02May 26
Gujarat Gas GSPC Group Scheme Takes Effect May 1, 2026; Record Date May 12
Gujarat Gas Limited has officially confirmed the effectiveness of the GSPC Group's Composite Scheme of Arrangement from May 1, 2026, following regulatory filing completion. The scheme involves amalgamation of GSPC, GSPL, and GSPC Energy Limited into Gujarat Gas, while demerging gas transmission business into GTL, with share allotment record date set for May 12, 2026.
24Apr 26
Gujarat Gas Supports Morbi Ceramic Industry Revival With Assured Gas Supply
Gujarat Gas Limited has announced comprehensive support for Morbi's ceramic industry revival through assured gas supply and price stability. Following geopolitical disruptions that affected over 2 lakh workers, the company's intervention has led to significant recovery with gas consumption rising from 0.36 mmscmd to 2.70 mmscmd and active units increasing from 83 to 290 by April 22, 2026.
20Apr 26
Gujarat Gas Gets MCA Approval for GSPC Amalgamation; Nomura Maintains ₹390 Target
Nomura Securities maintains its Buy rating on Gujarat Gas with ₹390 target price following MCA approval for the three-way amalgamation with GSPC and GSPL. The merger will create an integrated gas value chain, provide access to ₹72.00 bn in tax losses, reduce marketing margins to boost CGD earnings, and deliver immediate EPS accretion with significant rerating potential.
12Apr 26
Gujarat Gas Files Quarterly Compliance Certificate for Q4 FY26 Under SEBI Regulations
Gujarat Gas Limited submitted its mandatory quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, through Company Secretary Sandeep Dave on April 12, 2026. KFin Technologies Limited, the company's registrar, confirmed compliance with securities dematerialization requirements to both CDSL and NSDL depositories, demonstrating adherence to regulatory frameworks.
12Mar 26
Gujarat Gas Limited Re-appoints Ernst & Young LLP as Internal Auditors for FY 2026-27
Gujarat Gas Limited's Board of Directors approved the re-appointment of M/s Ernst & Young LLP as Internal Auditors for FY 2026-27 during their meeting on March 12, 2026. Ernst & Young brings extensive global experience with over 700 offices in 150+ countries and specialized expertise in the CGD industry, having worked with numerous gas sector companies. The re-appointment ensures continuity in internal audit functions while maintaining compliance with SEBI regulations.
10Mar 26
CRISIL Reaffirms Gujarat Gas AAA Credit Rating on Rs 3,350 Crore Bank Facilities
CRISIL Ratings reaffirmed Gujarat Gas Limited's 'CRISIL AAA/Stable' rating on Rs 3,350 crore bank facilities, recognizing its position as India's largest CGD player. Despite volume decline to 8.63 mmscmd in 9M FY26 from 9.73 mmscmd previously, the company maintains strong financials with over Rs 1,500 crore cash reserves and debt-free status. The pending merger with GSPC awaits final regulatory approval and is expected to create synergies for the combined entity.
05Mar 26
Gujarat Gas Issues Force Majeure Notices to Industrial Customers Due to R-LNG Supply Constraints
Gujarat Gas Limited has implemented Force Majeure provisions affecting industrial customers due to severe R-LNG supply constraints resulting from the ongoing Middle East conflict. The restrictions on Daily Contracted Quantity became effective March 6, 2026, with the company unable to estimate financial impact as Acts of War are excluded from insurance coverage.
04Mar 26
Gujarat Gas Limited Receives ESG Rating of 71.7 from SES ESG Research
Gujarat Gas Limited disclosed receiving an ESG rating of 71.7 from SES ESG Research Pvt. Ltd. on 4th March, 2026, under SEBI regulatory compliance. The rating assesses the company's Environmental, Social and Governance performance based on publicly available information. The company clarified it did not engage the rating agency directly, and received notification through BSE Limited on the same date.
24Feb 26
Gujarat Gas Limited Receives ESG Rating of 70 Grade B from CFC Finlease Private Limited
Gujarat Gas Limited has been assigned an ESG rating of 70 with Grade B by CFC Finlease Private Limited, placing it in the 'Good' category for sustainability performance. The rating was conducted independently without the company's engagement, using publicly available information. The company received notification through BSE Limited on 24th February, 2026, and has made the rating publicly accessible on both the rating agency's website and its own corporate website.
29Jan 26
Gujarat Gas Appoints Ashwini Kumar as Additional Director with Effect from January 27, 2026
Gujarat Gas Limited appointed Shri Ashwini Kumar, IAS as Additional Director effective 27th January, 2026, following Government of Gujarat directive. Kumar, serving as Principal Secretary for Energy & Petrochemicals Department, brings 29 years of public administration experience and joins as Promoter-Nominee. His extensive background includes leadership roles in various government departments and Public Sector Undertakings with focus on policy formulation and institutional governance.
22Jan 26
Gujarat Gas Targets 60-70% Long-Term Gas Sourcing by FY27
Gujarat Gas has announced strategic guidance to increase long-term gas sourcing to 60-70% of total volumes by end of FY27. The target was communicated during a recent conference call update, reflecting the company's focus on enhancing supply chain stability and reducing dependency on short-term procurement arrangements.
22Jan 26
Gujarat Gas Projects Morbi Industrial Volume Growth to 3.2 MMSCMD by March
Gujarat Gas has projected significant volume growth in its Morbi industrial operations, with expectations to increase from the current 2.2 MMSCMD run rate to 3.0-3.2 MMSCMD by February-March. This represents a potential 36-45% growth in industrial volumes, demonstrating the company's expansion capabilities and strong market positioning in the Gujarat industrial corridor.
22Jan 26
Gujarat Gas Sets 13% CNG Volume Growth Target, Plans 1,000+ Stations in Next 2-3 Years
Gujarat Gas announced during its conference call that it expects CNG volumes to achieve double-digit growth with a minimum target of 13%. The company has set an ambitious infrastructure goal to cross 1,000 CNG stations within the next two to three years, reflecting its commitment to expanding market presence in the natural gas distribution sector.
22Jan 26
Gujarat Gas Announces Capital Expenditure Guidance of ₹650-700 Crores for Full Financial Year
Gujarat Gas has provided capital expenditure guidance of ₹650-700 crores for the full financial year during its recent conference call. The company indicated that similar investment levels are expected to continue for the next couple of years, reflecting a consistent approach to capital allocation and business expansion initiatives.
21Jan 26
Gujarat Gas Limited Appoints Shri B N Patel as Executive Director Effective January 21, 2026
Gujarat Gas Limited has appointed Shri B N Patel, GAS (Selection Scale), as Executive Director effective January 21st, 2026, following a government notification dated January 19th, 2026. Shri Patel brings over 20 years of administrative experience across multiple government departments in Gujarat, including roles in revenue, rural development, civil supplies, and municipal administration. His educational background includes mechanical engineering and law degrees, and he has served across eight different districts in various capacities including disaster management and election duties.
20Jan 26
Gujarat Gas Reports Q3 Net Profit of ₹2.65 Billion, Down 5.69% Quarter-on-Quarter
Gujarat Gas reported a third quarter net profit of ₹2.65 billion, representing a 5.69% decline from the previous quarter's ₹2.81 billion. The sequential decrease of ₹0.16 billion indicates a moderation in the company's earnings performance during the reporting period.
13Jan 26
Gujarat Gas Limited Schedules Q3FY26 Earnings Conference Call for January 21, 2026
Gujarat Gas Limited has scheduled its Q3FY26 earnings conference call for January 21, 2026, at 4:00 PM IST to discuss quarterly results for the period ended December 31, 2025. The call will feature earnings performance discussion followed by Q&A with senior management. The company has provided comprehensive participation details including universal and international toll-free dial-in numbers, online registration options, and has fulfilled regulatory disclosure requirements under SEBI regulations.
01Jan 26
Gujarat Gas Director S J Haider Resigns Following Superannuation from Service
Gujarat Gas Limited has officially announced the resignation of Director Shri S J Haider, IAS (Retd.), effective January 1, 2026, following his superannuation from government service. The company communicated this board change to stock exchanges under SEBI regulations, with Company Secretary Sandeep Dave providing digital signature confirmation on the official intimation.
01Jan 26
Gujarat Gas Limited Requests Physical Shareholders to Dematerialize Holdings Ahead of Composite Scheme
Gujarat Gas Limited has issued a formal communication on January 1st, 2026, requesting physical shareholders to dematerialize their holdings ahead of a composite scheme involving GSPC, GSPL, GEL, GGL, and GTL. Under the scheme, GGL shareholders will receive GTL shares at a 1:3 ratio, but new shares will be issued only in dematerialized form. Physical shareholders who fail to convert before the record date will face complicated claiming procedures through a demat suspense escrow account. The company has appointed Trustwell Management Consulting & Services LLP to assist shareholders with the dematerialization process and related services.
24Dec 25
Gujarat Gas Limited Appoints Smt. Avantika Singh Aulakh as New Managing Director
Gujarat Gas Limited announces a leadership change with Smt. Avantika Singh Aulakh, IAS, appointed as the new Managing Director, replacing Shri Milind Torawane, IAS. The transition is part of a government administrative reshuffle, with Torawane moving to the Education Department. The company will complete necessary formalities and provide updates after obtaining approval from the competent authority.
19Dec 25
Gujarat Gas Limited Schedules Board Meeting for Q3 FY26 Financial Results on January 20, 2026
Gujarat Gas Limited announced through regulatory filing GGL/SEC/1520/2025 dated December 19, 2025, that its Board of Directors will meet on January 20, 2026, to consider and approve standalone and consolidated un-audited financial results for Q3 FY26 ended December 31, 2025. The company has implemented a trading window closure from January 1-22, 2026, for designated persons and their immediate relatives as per SEBI insider trading regulations.
27Nov 25
Gujarat Gas Secures IND AAA/Stable Rating Amid Strong Financial Performance
India Ratings has reaffirmed Gujarat Gas Limited's (GGL) INR 47,000 million bank loan facilities at IND AAA/Stable/IND A1+. GGL, India's largest city gas distribution entity, is undergoing amalgamation with Gujarat State Petroleum Corporation Limited (GSPC), expected to conclude by FY26 end. The company shows strong financial growth with total assets increasing by 48.16% over five years. The merger is anticipated to enhance GGL's gas trading capabilities and revenue potential.
18Nov 25
Gujarat Gas Q2: Revenue Flat, EBITDA Dips Amid Morbi Volume Decline
Gujarat Gas Limited reported flat revenue growth of ₹3,979.00 crores in Q2, with declining profitability. EBITDA fell 5.97% to ₹520.00 cr, and PAT decreased 8.47% to ₹281.00 cr. Industrial segment volumes dropped 8% to 4.34 MMSCMD, while CNG segment grew 13% YoY. The company faces competition from propane in the Morbi cluster but maintains a baseline volume. Future outlook includes volume expectations of 9-10 MMSCMD and EBITDA margin guidance of ₹4.50 to ₹5.50 per SCM. Strategic initiatives involve entering the propane business, sourcing competitive LNG, and expanding infrastructure.
11Nov 25
Gujarat Gas Reports Q2 Standalone Net Profit of ₹281.01 Crores, Down 36% YoY
Gujarat Gas announced its Q2 2025 financial results, reporting a standalone net profit of ₹281.01 crores, down 36% from ₹439.87 crores in Q2 2024. Total income slightly decreased to ₹4,052.02 crores from ₹4,124.77 crores year-over-year. Half-year standalone net profit stood at ₹609.77 crores, compared to ₹817.80 crores in the previous year. Consolidated Q2 results mirrored standalone figures. Earnings per share decreased from ₹6.39 to ₹4.08.
10Nov 25
Gujarat Gas Targets Double-Digit Volume Growth Over 3 Years, Reports Q2 FY26 Results
Gujarat Gas Limited, India's largest City Gas Distribution company, reported Q2 FY26 results with a slight increase in revenue but decreases in EBITDA and PAT. The company outlined a growth strategy targeting double-digit volume CAGR over three years, focusing on volume recovery, infrastructure expansion, CNG network development, cost efficiency, and LNG contract optimization. Operational performance showed strong growth in CNG and PNG segments. The company is expanding its CNG network through the FDODO model and progressing on its Composite Scheme of Amalgamation and Arrangement.
02Nov 25
Gujarat Gas Appoints Manoj Kumar Das as Additional Director Chairman
Gujarat Gas Limited has appointed Shri Manoj Kumar Das, IAS, as Additional Director Chairman on its Board of Directors, effective November 2, 2025. Das, currently serving as Chief Secretary of Gujarat, brings extensive experience as a senior IAS officer with specializations in various administrative areas. He replaces Shri Pankaj Joshi, who resigned due to superannuation. The appointment complies with SEBI regulations.
01Nov 25
Gujarat Gas Limited Chairman Pankaj Joshi Resigns Amid Broader Leadership Transition
Pankaj Joshi, IAS (Retd.), has resigned as Director and Chairman of Gujarat Gas Limited (GGL), effective November 1, 2025, following his superannuation as Chief Secretary of Gujarat. This resignation is part of a larger transition, with Joshi stepping down from leadership roles in several state-owned companies including Gujarat State Fertilizers & Chemicals Limited, Gujarat Narmada Valley Fertilizers & Chemicals Limited, and Gujarat State Petronet Limited. The move signals a significant leadership change in Gujarat's energy and infrastructure sectors, potentially leading to new appointments across these companies.
17Oct 25
Gujarat Gas Limited Shareholders Approve Multi-Company Merger Scheme
Gujarat Gas Limited held a crucial equity shareholders meeting on October 17, 2025, to consider a Composite Scheme of Amalgamation and Arrangement. The proposed merger involves five companies: Gujarat State Petroleum Corporation Limited, Gujarat State Petronet Limited, GSPC Energy Limited, Gujarat Gas Limited, and GSPL Transmission Limited. The special resolution for the scheme's approval was presented, subject to regulatory approvals. Shareholders voted through remote e-voting facilities provided by CDSL. The meeting, chaired by Shri Pankaj Joshi, IAS, concluded at 3:30 PM, with voting results to be published on the company's website and stock exchanges.
16Sept 25
Gujarat Gas Shareholders to Vote on Three-Way Merger with GSPC and GSPL
Gujarat Gas Limited will conduct a shareholders' meeting on September 17, 2025, to vote on a proposed merger with Gujarat State Petroleum Corporation (GSPC) and Gujarat State Petronet Limited (GSPL). The merger includes share swap ratios and a demerger of the Gas Transmission business into GSPL Transmission Ltd. Analysts expect significant financial benefits, including ₹7,200 crore value creation through carry-forward losses. The market responded positively, with Gujarat Gas shares closing 1.15% higher at ₹436.00 on the announcement day. The merger requires approval from the majority of public shareholders and regulatory authorities.
12Sept 25
Gujarat Gas to Hold Shareholder Meeting for Amalgamation Scheme Approval
Gujarat Gas Limited (GGL) has scheduled a virtual meeting of equity shareholders on October 17, 2025, at 3:00 PM to consider and potentially approve a Composite Scheme of Amalgamation and Arrangement. The cut-off date for voting eligibility is October 10, 2025, with remote e-voting available from October 14 to 16, 2025. The company will send meeting notices electronically to registered shareholders. Additionally, M/s. Ashok Chhajed & Associates has been appointed as the Statutory Auditors for the Financial Year 2025-26.
13Aug 25
Gujarat Gas Reports Mixed Q1 Results, Enters Propane Distribution Business
Gujarat Gas Limited reported mixed Q1 results with revenue declining to Rs 4,065.00 crores from Rs 4,615.00 crores year-over-year, while EBITDA slightly improved to Rs 579.00 crores. The company faced challenges in the industrial segment but saw 12% growth in CNG sales. Gujarat Gas announced entry into propane and LPG sourcing and sales business, targeting 25% of the Morbi propane market. The company projects annual CAPEX of Rs 800.00-1,000.00 crores and estimated EBITDA margins of Rs 4.50-5.50 per SCM for the financial year.
05Aug 25
Gujarat Gas Reports Profit Surge Despite Revenue Dip in Q1
Gujarat Gas Limited (GGL) reported a 14% increase in net profit to ₹327.00 crore for Q1, despite a 5.2% decline in revenue to ₹4,065.00 crore. The company achieved its highest-ever CNG volume of 3.33 mmscmd, up 3.4% from the previous quarter. EBITDA rose 11% to ₹579.00 crore. GGL added over 35,000 new domestic PNG connections, expanding its customer base to 23.02 lakh households. The Board approved plans to enter the Propane/LPG market for industrial customers. The company continues to focus on CNG network expansion through the FDODO model.
31Jul 25
Gujarat Gas Partners with Waree Energy for Sustainable Energy Solutions
Gujarat Gas Limited has signed a Gas Sales Agreement with Waree Energy to supply 50,000 scmd of Piped Natural Gas for a Lithium-ion cell manufacturing unit in Valsad, Gujarat. The plant is expected to be commissioned in Q4 FY 2025-26. This collaboration aims to reduce carbon footprint, decrease India's dependence on lithium-ion battery imports, and promote cleaner fuel usage in manufacturing processes. The partnership combines Gujarat Gas's expertise in gas distribution with Waree Energy's focus on renewable energy technologies.
30Jul 25
Gujarat Gas Slashes Industrial Gas Prices in Morbi to Boost Competitiveness
Gujarat Gas has reduced industrial gas prices by Rs 3.25 to Rs 3.50 per scm in the Morbi region, effective August 1. This strategic move aims to enhance competitiveness against alternative fuels in the key ceramic industry hub. While potentially impacting Q2 unit margins, the price cut is expected to help maintain market share. Gujarat Gas shares closed 0.85% lower at Rs 448.00 following the announcement.
04Jul 25
Gujarat Gas Faces Potential Headwinds from PNGRB Notifications, Analysts Warn
Analysts are cautioning about Gujarat Gas's future performance due to recent notifications from the Petroleum and Natural Gas Regulatory Board (PNGRB). While the exact impact remains unclear, these regulatory developments are expected to negatively affect the company's operations. As a leading player in India's city gas distribution sector, any changes affecting Gujarat Gas could have broader implications for the industry. Stakeholders are advised to stay alert for further clarifications from the PNGRB or Gujarat Gas to assess the true impact on the company's operations and financial performance.
22May 25
Gujarat Gas Unveils Ambitious CNG Expansion Plan for FY24
Gujarat Gas Limited announces plans to add 70 new CNG stations in the next financial year through its FDODO scheme, with 60 stations already in development. The company has secured exclusive LNG supply rights in Morbi following a Delhi High Court order. Gujarat Gas projects a CAPEX of Rs 1,000 crores and expects a 12% growth rate in the current financial year.
19May 25
Gujarat Gas Q4 Results: Net Profit Surges 30%, Dividend Declared
Gujarat Gas has released its Q4 financial results, showing a 29.60% increase in net profit to ₹287.20 crore and an 18.50% rise in EBITDA to ₹449.50 crore, despite a slight decline in revenue. The company's CNG volume grew by 3.00% to 3.22 mmscmd. The board has recommended a dividend of ₹5.82 per equity share.
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