Gujarat Gas Company’s board of directors at its meeting held on February 24, 2014, has granted its in-principle approval to the proposed consolidation by way of amalgamation of the Company with GSPC Distribution Networks (GDNL), GSPC Gas (GSPC Gas), Gujarat Gas Financial Services (GFSL) and Gujarat Gas Trading Company (GTCL), the companies involved in City Gas Distribution business by way of proposed amalgamation.
Gujarat Gas, a 65.12 per cent subsidiary of BG Asia, is India’s largest private sector natural gas distribution company in terms of sales volumes, with operations in Gujarat. The company distributes natural gas to domestic, commercial and industrial consumers, and compressed natural gas as automobile fuel, in the cities of Surat, Ankleshwar, Bharuch, and surrounding areas.
Company Name | CMP |
---|---|
GAIL India | 209.70 |
Petronet LNG | 304.40 |
Linde India | 8243.00 |
Confidence Petroleum | 90.49 |
Refex Industries | 168.25 |
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