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Latest news about Gujarat Gas

Gujarat Gas Secures IND AAA/Stable Rating Amid Strong Financial Performance 6 days ago

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.

Gujarat Gas Q2: Revenue Flat, EBITDA Dips Amid Morbi Volume Decline Nov 18, 2025

Gujarat Gas Targets Double-Digit Volume Growth Over 3 Years, Reports Q2 FY26 Results Nov 10, 2025

Gujarat Gas Reports Q2 Standalone Net Profit of ₹281.01 Crores, Down 36% YoY Nov 10, 2025

Gujarat Gas Appoints Manoj Kumar Das as Additional Director Chairman Nov 02, 2025

More news about Gujarat Gas

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.