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Gujarat State Petronet Ltd.

BSE: 532702 Sector: Others
NSE: GSPL ISIN Code: INE246F01010
BSE LIVE 15:40 | 18 Oct 201.25 3.40
(1.72%)
OPEN

198.10

HIGH

202.50

LOW

196.95

NSE 15:51 | 18 Oct 201.25 3.05
(1.54%)
OPEN

199.40

HIGH

202.20

LOW

197.10

OPEN 198.10
PREVIOUS CLOSE 197.85
VOLUME 46617
52-Week high 211.45
52-Week low 119.00
P/E 21.50
Mkt Cap.(Rs cr) 11,346
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 198.10
CLOSE 197.85
VOLUME 46617
52-Week high 211.45
52-Week low 119.00
P/E 21.50
Mkt Cap.(Rs cr) 11,346
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gujarat State Petronet Ltd. (GSPL) - Company History

Gujarat State Petronet Limited (GSPL), a Gujarat State Petroleum Corporation Limited (GSPC)'s subsidiary, has taken a lead in developing energy transportation infrastructure in Gujarat and connecting major natural gas supply sources and demand markets. GSPL is first company in India to transport natural gas on open access basis and is a Pure Natural Gas Transmission Company. The Company was incorporated in 23rd December of the year 1998 and obtained its certificate of commencement of business in 7th April of the year1999. GSPL commenced transporting natural gas following completion of the first segment of network in November of the year 2000. The Company commissioned the Hazira-Mora pipeline; the grid was 14 kms long, acquired this pipeline from GSPC in exchange for issue of shares of company to GSPC. During the year 2001-02, the company commissioned 45 kms of the Amboli-Dahej pipeline and the total grid length increased to 59 kms. In 2002-03, GSPL 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. Again a year after, in line with the company commissioned the Paguthan-Baroda pipeline during the period of 2003-04. As a result the total grid length increased to 209 kms. During the year 2004-05, the Baroda-Ahmedabad-Kalol pipeline, the GACL-Petronet pipeline, the Mora-Sajod pipeline and the Kalol-Santej pipeline was started and extending the network by an additional 224 kms. The total gas transmission network length was increased to 433 kms. The Company awarded EPC contract for Mora-Vapi in the same year 2004-05. Also in the identical year, GSPL completed the Gandhinagar spur line, which was 15.5 kms in length. The total network length increased to 448.5 kms. The Company had bespoke the Mora gas terminal in the year 2005-06 and in the same year, the EPC and engineering contracts for Anand-Rajkot, Kalol-Himmatnagar, Kalol - Mehasana and Anklav-Dhuvaran pipelines are came to company's hands. 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. During the year 2006-07, the company commissioned the Anand-Rajkot, Kalol-Himmatnagar, Kalol - Mehasana and Anklav-Dhuvaran pipelines. GSPL had signed an agreement with Reliance Industries Ltd (RIL) in the year 2006 for transportation of 11 mmscmd Gas from Bharuch to Jamnagar for a period of 15 years starting from the first quarter of 2008-2009. The future plans of the company include, continue to develop the new pipelines to so it can reach each and every supplier and customer of natural gas. Continue to develop a strong information technology communications backbone along its rapidly growing gas pipeline with an Optical Fibre Cable network. Gas transportation and pressure management technology enhancements with network growth using SCADA system. Increase emphasis on automation & usage of IT in all levels. Finally, transportation of gas for city gas distribution, including for CNG infrastructure being put up by public and private players, across Gujarat.