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Latest news about Gujarat State Petronet

Gujarat State Petronet Appoints Manoj Kumar Das as New Chairman and Managing Director 5 days ago

Gujarat State Petronet Limited (GSPL) has appointed Shri Manoj Kumar Das, IAS as the new Chairman and Managing Director, effective November 1, 2025. Das, currently Chief Secretary to the Government of Gujarat, brings extensive experience in public administration and the energy sector. He holds a B.Tech in Computer Science from IIT-Kharagpur and has specialized in various administrative areas. Das has previously served as Joint Managing Director at Gujarat State Petroleum Corporation Limited and held board positions in related entities. GSPL confirmed that Das is not debarred from holding directorship by SEBI and is not related to any existing GSPL board member.

Gujarat State Petronet's CMD Pankaj Joshi Steps Down Amid Multiple Board Resignations 7 days ago

Gujarat State Petronet Limited Shareholders Approve Composite Amalgamation Scheme Oct 17, 2025

Gujarat State Petronet Appoints Shri Jayant Misra as Independent Director Oct 17, 2025

Gujarat State Petronet Limited Sets Shareholder Meeting for Major Amalgamation Scheme Sep 14, 2025

More news about Gujarat State Petronet

12Sept 25

Gujarat State Petronet Sets Shareholder Meeting for Composite Scheme Approval

Gujarat State Petronet Limited (GSPL) has scheduled a virtual meeting of equity shareholders on October 17, 2025, at 4:00 P.M. to consider and approve a Composite Scheme of Amalgamation and Arrangement. The meeting will be conducted via video conferencing, following MCA directives. Key dates include a cut-off date of October 10, 2025, for voting eligibility, and remote e-voting from October 14-16, 2025. Meeting notices will be sent electronically to registered shareholders. This meeting is significant as it involves potential corporate restructuring that could impact GSPL's future operations.

20Aug 25

Gujarat State Petronet Sees Rs 60.78 Crore Block Trade on NSE

Gujarat State Petronet Limited (GSPL) experienced a significant block trade on the National Stock Exchange (NSE). Approximately 2,003,272 shares were traded at Rs 303.40 per share, totaling Rs 60.78 crore. This substantial transaction could potentially influence short-term price movements and indicates notable investor activity in the natural gas transmission company's stock.

12Aug 25

Gujarat State Petronet Reports 43% Surge in Q1 Net Profit Amid Revenue Dip

Gujarat State Petronet Limited (GSPL) announced a 43% increase in consolidated net profit to ₹3.15 billion for Q1, despite revenue declining to ₹43.00 billion from ₹44.80 billion quarter-on-quarter. On a standalone basis, GSPL reported revenue from operations of ₹2,838.96 crore and net profit of ₹1,424.86 crore. The board made several key appointments, including new Secretarial Auditors, Cost Auditor, and changes in leadership positions.

10Jun 25

Gujarat State Petronet Sees Major Block Trade: 1.44 Million Shares Change Hands

Gujarat State Petronet Ltd. (GSPL) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 1,438,522 shares at Rs. 333.90 per share, totaling Rs. 48.03 crores. This large-scale trade could potentially impact the stock's trading dynamics and indicates substantial investor activity in GSPL shares.

23May 25

Gujarat State Petronet Q4 Results Miss Estimates, Revenue Drops 9%, Net Profit Halves

Gujarat State Petronet Limited (GSPL) faced a challenging Q4 with significant declines across key financial metrics. Revenue fell 9% YoY to ₹238.00 crore, while net profit plummeted 50% to ₹71.00 crore. EBITDA decreased by 35% YoY, with margins narrowing by over 20 percentage points to 52.10%. The company's performance, marked by reduced volumes (23% YoY decline) and compressed margins, fell short of analyst expectations. Despite the downturn, GSPL's board recommended a dividend of ₹5.00 per share.

22May 25

Gujarat State Petronet Reports Sharp Decline in Q4 Profit, Announces Dividend

Gujarat State Petronet Ltd experienced a significant 53.60% year-over-year decline in Q4 net profit, falling to ₹220.30 crore. Revenue decreased by 4.60% to ₹4,477.50 crore. EBITDA saw a 40.80% reduction to ₹574.30 crore, with the EBITDA margin contracting by 800 basis points to 13.40%. Despite financial challenges, the company announced a dividend of ₹5.00 per share for FY 2024-25.

24Mar 25

Gujarat State Petronet Boosts Gas Infrastructure with New Pipeline to Chhara LNG Terminal

Gujarat State Petronet Limited (GSPL) has commissioned a new gas pipeline connecting to the Chhara LNG Terminal, with an investment of ₹650 crore. This expansion enhances gas supply capabilities near Gir National Park and strengthens GSPL's distribution network. The project aims to improve energy accessibility and promote cleaner fuel options in Gujarat.

17Mar 25

Gujarat State Petronet Limits Project Capex to ₹2,051 Crore, Secures Approval for Strategic Anjar-Palanpur Pipeline

Gujarat State Petronet Ltd. (GSPL) has received approval for the Anjar-Palanpur pipeline project, increasing its total capacity to 45 mmscmd. The ₹2,100 crore project will be completed within three years and connect the Mundra LNG terminal to the Mehsana-Bhatinda pipeline. GSPL also announced a ₹2,051 crore cap on capital expenditure for an unspecified project. In response, Citi upgraded GSPL's stock to 'Buy' with a target price of ₹325.

07Mar 25

Gujarat State Petronet Upgraded to 'Buy' on Merger Scheme and Improved Risk-Reward Profile

Nirmal Bang has upgraded Gujarat State Petronet Ltd (GSPL) to 'Buy' following the announcement of the GSPC Group merger scheme. The upgrade is based on an improved risk-reward profile and the potential for streamlined operations and shareholder value unlocking. The brokerage's valuation considers the implied post-merger value and expected demerger transaction next year. This corporate restructuring could significantly impact GSPL's market position and financial strength.