Synopsis:
Gujarat Gas Limited (GGL), part of the GSPC Group, has received MCA approval for key steps in its Composite Scheme of Amalgamation, involving GSPC, GSPL, GSPC Energy, and GSPL Transmission, aimed at consolidating energy and gas assets and streamlining operations.
The company is engaged in the business of Natural gas in India. The business of natural gas involves the distribution of gas from sources of supply to centres of demand and to end customers is now in focus after getting MCA nod for composite scheme.
With a market capitalization of Rs. 30,158 cr, the shares of Gujarat Gas Ltd are currently trading at Rs. 439 per share, increasing 4% in today’s market, making a high of Rs. 452, from its previous close of Rs. 434.50 per share.
News
Gujarat Gas Limited (GGL), a GSPC Group company, has received an order from the Ministry of Corporate Affairs (MCA) approving key procedural steps for its Composite Scheme of Amalgamation and Arrangement with Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet (GSPL), GSPC Energy (GEL), and GSPL Transmission (GTL). The order was issued on 10th September 2025.
As per the MCA order, shareholder meetings of GSPC Energy Limited (GEL) and GSPL Transmission Limited (GTL) have been waived since 100% of their shareholders have already given their consent. However, Gujarat Gas Limited (GGL) and GSPL, which are listed companies, will hold their shareholder meetings through virtual platforms, while GSPC’s meeting can be held either physically or virtually depending on the chairperson’s decision.
This scheme aims to simplify group operations and bring together energy and gas infrastructure assets under the GSPC Group. It is also structured to comply with all statutory and regulatory requirements, ensuring smooth progress toward final approvals and implementation.
About the company
Gujarat Gas Limited (GGL), a leading company under the GSPC Group, is engaged in the distribution and marketing of natural gas across Gujarat and other regions in India. The company provides piped natural gas (PNG) to households and commercial customers, as well as compressed natural gas (CNG) for vehicles. With a strong focus on infrastructure, customer service, and sustainable energy solutions, GGL plays a key role in promoting cleaner fuel alternatives and expanding India’s gas distribution network.
The company reported a 13% decline in sales, at Rs. 3,871 crore in Q1FY26 compared to Rs. 4,450 crore in Q1FY25. EBITDA fell slightly by 3% to Rs. 520 crore, while net profit remained largely stable at Rs. 328 crore, down just 1% from Rs. 331 crore a year earlier. Earnings per share (EPS) for Q1FY26 stood at Rs. 4.76, marginally lower than Rs. 4.80 in Q1FY25, reflecting steady profitability despite lower revenue.
Written by Manideep Appana
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