Latest Gujarat State Petronet News
Comprehensive Gujarat State Petronet Stock Updates: Catch up on the latest Gujarat State Petronet stock news and industry insights. Get quick details on Gujarat State Petronet stock buybacks,Gujarat State Petronet results, Gujarat State Petronet company analysis, Gujarat State Petronet live prices, Gujarat State Petronet dividends, Gujarat State Petronet bonus share, board meetings, lifetime highs, Gujarat State Petronet targets, lows, and growth stories with AI.
The Economic Times
Reverse merger likely to improve profit of Gujarat Gas
Before the merger, the Gujarat government had a controlling 55% stake in GSPC. GSPC, in turn, owned 37% of GSPL, which further held a 54% stake in Gujarat Gas. GSPC primarily focuses on gas trading and exploration, with gas trading contributing significantly to its operating profit. In the fiscal year 2024, GSPC's gas trading volume reached 11 million metric standard cubic meters per day.
•
Mon, Sep 2, 2024
Mint
Stock Market Today: Gujarat Gas share price skyrocketed more than 10% in morning trades on Monday post announcement of new arrangement. Gujarat State Petronet Corporation and Gujarat State Petroleum Corporation will be merging with Gujarat Gas. The gas transmission business thereafter to be demerged
•
Mon, Sep 2, 2024
Mint
GSPC, GEL, GSPL to merge into Gujarat Gas: Significant operational changes ahead
As part of this restructuring, GGL’s Gas Transmission Business will be demerged and listed separately as GSPL Transmission Limited (GTL) on stock exchanges. The scheme also outlines specific shareholding arrangements for current shareholders of GSPL and GSPC.
