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GSPL gains on consortium executing joint venture agreement

02 May 2012 Evaluate

Gujarat State Petronet (GSPL) is currently trading at Rs. 67.00, up by 1.05 points or 1.59% from its previous closing of Rs. 65.95 on the BSE.

The scrip opened at Rs. 66.80 and has touched a high and low of Rs. 67.40 and Rs. 66.55 respectively. So far 40,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.25 on 09-Sep-2011 and a 52 week low of Rs. 63.10 on 10-Apr-2012.

Last one week high and low of the scrip stood at Rs. 68.70 and Rs. 64.90 respectively. The current market cap of the company is Rs. 3,770.009 crore.

The promoters holding in the company stood at 37.73% while Institutions and Non-Institutions held 39.40% and 22.87% respectively.

Gujarat State Petronet led consortium IOCL, BPCL and HPCL have executed the joint venture agreements (JVA) on April 30, 2012 for developing the three cross country natural gas transmission pipelines. With the signing of JVAs, equity tie-up for the three pipeline projects is complete.

Earlier, GSPL with 52% stake led consortium with Indian Oil Corporation (IOCL) with 26% stake, Bharat Petroleum Corporation (BPCL) with 11% stake and Hindustan Petroleum Corporation (HPCL) with 11% stake as other consortium partners had been awarded the letters of authorization dated July 07, 2011 by Petroleum and Natural Gas Regulatory Board for developing following three cross country natural gas transmission pipelines - Mallavaram - Bhilwara pipeline 1585 Kms, Mehsana - Bhatinda pipeline 1670 Kms and Bhatinda-Jammu-Srinagar pipeline 740 Kms.

Gujarat State Petronet is a subsidiary Gujarat State Petroleum Corporation (GSPC). It has taken initiative in developing energy transportation infrastructure in Gujarat and connecting major natural gas supply sources and demand markets.

Guj. State Petronet Share Price

272.35 19.60 (7.75%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 157.80
Gujarat Gas 362.60
Indraprastha Gas 169.25
Mahanagar Gas 1125.45
Adani Total Gas 632.90
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