Rudra Gas Enterprise Ltd - Stock Valuation and Financial Performance

Rudra Gas Enterprise Limited was originally incorporated as ‘Rudra Gas Enterprise Private Limited’ as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated September 7, 2015, issued by the Assistant Registrar of Companies, Gujarat. Thereafter, the Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company dated August 25, 2023 and consequently, the name of Company was changed from ‘Rudra Gas Enterprise Private Limited’ to ‘Rudra Gas Enterprise Limited’ and a fresh certificate of incorporation dated September 4, 2023 was issued to the Company by the Registrar of Companies, Ahmedabad.

The company is engaged in various facets of the infrastructure sector. It is mainly engaged in gas distribution network projects, fiber cable network, renting of construction machinery and vehicles. It provides end-to-end solutions for the city gas distribution sector. Its expertise is in pipeline construction, civil works, and operation and maintenance, for pipeline networks in city gas distribution. Its services ensure the safe and efficient transportation of vital resources such as Compressed Natural Gas (CNG) and Piped Natural Gas (PNG). In Fiber cable network sector, the company offers services of installations of optical Fiber cable and maintenance thereof. Its commitment to reliability and quality makes it a trusted partner in these vital sectors. Its main focus is on delivering projects in a timely manner while upholding the highest standards of safety. It understands the importance of completing projects on schedule, meeting deadlines, and ensuring the well-being of its workforce, stakeholders, and the surrounding communities. Its client base comprises of established players in the city gas distribution industry and telecommunication industry, both in public and private sector. 

The company has grown significantly during the past, under the leadership and guidance of its Promoters, as they hold the technical experience in the gas pipeline infrastructure industry and are the guiding force behind the successful execution of its business strategies over the years. They have successfully implemented business strategies that have shown its growth in the industry. Their extensive technical expertise, industry knowledge, and valuable relationships have been instrumental in driving its success and also give the company competitive advantage to expand its geographical and client presence in existing, while exploring new avenues for growth in future. Their foresightedness and vision have helped it to identify opportunities and capitalize on the same. It has and expects to continue to benefit from their strong industry expertise and relationships with clients.

Business area of the company 

The company is engaged in the business of providing end to end solutions for city gas distribution sector and tower installations, network expansion and maintenance relating to Telecom sector

History and milestones

• 2015: Incorporation of Company in the name and style of ‘Rudra Gas Enterprise Private Limited’.
• 2016: Received Certificate of Recognition for exceptional contribution towards HSEF from Jio.
• 2021: Received Certificate of Achievement for excellent performance in showcasing the highest level of HSE compliance and being a privileged winner of Green Gap from Adani Gas.
• 2021: Achieved a engineering accomplishment of 1200-meter river pipeline crossing for Torrent Gas Pvt Ltd in Gorakhpur, revolutionizing city gas distribution infrastructure.
• 2022: Received Award as Best Safety Performer Contractor from Torrent Gas.
• 2022: Achieved a significant milestone by installing more than 100 kilometers of high-pressure steel pipelines across India, catering to various city gas companies’ needs.
• 2023: Achieved a milestone by installing over 20,000+ household piped connections for various city gas companies, significantly improving access to clean energy for families across India.
• 2023: The Company was converted from a private limited company to public limited company and consequently, the name of Company was changed from ‘Rudra Gas Enterprise Private Limited’ to ‘Rudra Gas Enterprise Limited’.