The company was incorporated under companies Act, 1956 on Dec 23, 1998 as
Gujarat State Petronet Ltd., and obtained its Certificate of commencement of
business on April 7, 1999
Financial Event
Year
2000-2001 We completed and commissioned the Hazira-Mora pipeline, our
first pipeline. The grid was 14 kms long. We acquired this
pipeline from GSPC in exchange for issue of shares of our
Company to GSPC.
2001-2002 We commissioned 45 kms of the Amboli-Dahej pipeline and the
total grid length increased to 59 kms.
2002-2003 We commissioned 66 kms of grid pipeline, which included
Mora-Utran, Cairn-Mora and Bhadhut-Paguthan pipelines, and
GNFC, Videocon and Mora Kribhco spur lines. The total grid
length increased to 125 kms.
2003-2004 We commissioned the Paguthan-Baroda pipeline. The total grid
length increased to 209 kms.
2004-2005 We commissioned the Baroda-Ahmedabad-Kalol pipeline, the
GACL-Petronet pipeline, the Mora-Sajod pipeline and the
Kalol-Santej pipeline, extending the network by an
additional 224 kms. The total gas transmission network
length increased to 433 kms.
We awarded EPC contract for Mora-Vapi.
We completed the Gandhinagar spur line, which was 15.5 kms
in length. The total network length increased to 448.5 kms.
The Company, GSPC and IDF executed the Share Subscription
and Shareholders Agreement, pursuant to which IDF agreed to
subscribe for Equity Shares for an amount of Rs.900 million.
We demonstrated the reverse flow capability.
2005-2006 We commissioned the Mora gas terminal.
We awarded EPC contracts for Anand-Rajkot,
Kalol-Himmatnagar, Kalol - Mehasana and Anklav-Dhuvaran
pipelines.
The Company, GSPC, IDBI, IDFC and UTI Bank executed the
Shareholders Agreement, pursuant to which IDFC, IDBI and
UTI Bank agreed to subscribe for Equity Shares for an
aggregate amount of Rs.1,000 million.
The Company's operation and maintenance systems and
procedures were certified by Del Norske Veritas as being
in conformity with the ISO 9001:2000 quality management
system standard.
2006
-Gujarat State Petronet Ltd, a gas distribution arm of Gujarat Petroleum Corporation Limited (GSPC), has signed an agreement with Reliance Industries Ltd (RIL) for transportation of 11 mmscmd gas from Bharuch to Jamnagar for a period of 15 years starting from the first quarter of 2008-2009.
-Gujarat State Petronet signed Agreement for Transportation Services with Reliance Industries
2007
- Gujarat State Petronet Ltd has nominated Smt. V L Joshi, IAS on the Board of Directors of the Company. The appointment of Smt. V L Joshi, IAS was approved by the Board of Directors of the Company in their meeting held on April 26, 2007.
2010
- Gujarat State Petronet Ltd has appointed Shri J. K. Jain and Shri R. Vaidyanathan as Independent Directors of the Company w.e.f. March 12, 2010.
2011
-GSPL gets contract for 3 cross- country gas distribution pipelines
-GSPL receives Letter of Authorization (LOA) from Petroleum and Natural Gas Regulatory Board for developing three Cross Country Natural Gas Transmission Pipelines.
2012
-Signing of Joint Venture Agreements among GSPL, IOCL, BPCL and HPCL for execution of three cross country pipeline projects awarded by PNGRB
-The Company recommended the dividend of Re. 1/- per share of Rs. 10 each (i.e.@ 10%).
2013
- Gujarat State Petronet recommended the dividend of Re. 1/- per share of Rs. 10 each (i.e.@ 10%).
2014
-Gujarat State Petronet recommended the dividend of Re. 1/- per share of Rs. 10 each (i.e.@ 10%).
2015
- GSPC Group company announced that it has been awarded a 5-star grading from the Occupational Health and Safety Audit that was conducted by the British Safety Council
2016
GSPL has purchased 27.43% of Financial Institutions' holding in SGL".
We would like to inform that there is an inadvertent error in the above mentioned statement and the same may be read as "GSPL has purchased 27.50% of Financial Investors' holding in SGL."
2021
-GSPL has inform that the Company has further acquired/purchased 1,44,39,414 Equity Shares of GGL (i.e., 10.49% of the fully Paid-Up Equity Share Capital of Gujarat Gas Limited) from GSPC, by way of an inter-se promoter transfer in accordance with Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 through a Block Deal on 28th March, 2018 at a price of Rs. 836.25 per Share.
Subsequent to the same, GSPL now holds 54.16% of the fully paid-up Equity Share Capital of GGL and accordingly in terms of the provisions of Section 2(87) of the Companies Act, 2013 GGL has become Subsidiary Company of GSPL.
|