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Gujarat Gas, GSPC Gas Amalgamation

The document discusses the amalgamation of Gujarat Gas Company Ltd and GSPC Gas Company Ltd into a new entity called Gujarat Gas Limited. The new company has emerged as India's largest city gas distribution player with a presence in 19 districts across Gujarat and Dadra Nagar Haveli. It has the largest customer base with over 10 lakh households, 2,750 industrial customers and 14,000 commercial customers. The daily gas sales volume of 6.5 MMSCMD is the highest in India. The amalgamation is expected to reduce costs and give further impetus to growth in the city gas distribution sector.

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Medha Singh
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210 views

Gujarat Gas, GSPC Gas Amalgamation

The document discusses the amalgamation of Gujarat Gas Company Ltd and GSPC Gas Company Ltd into a new entity called Gujarat Gas Limited. The new company has emerged as India's largest city gas distribution player with a presence in 19 districts across Gujarat and Dadra Nagar Haveli. It has the largest customer base with over 10 lakh households, 2,750 industrial customers and 14,000 commercial customers. The daily gas sales volume of 6.5 MMSCMD is the highest in India. The amalgamation is expected to reduce costs and give further impetus to growth in the city gas distribution sector.

Uploaded by

Medha Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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NAME- MEDHA SINGH

ROLL NO: 127; SECTION C


CLASS: B.COM (HONS) 2ND YEAR, SEMESTER III
SUBJECT: BUSINESS REGULATORY FRAMEWORK

GUJARAT GAS, GSPC GAS AMALGAMATION

The Composite Scheme of Arrangement in nature of amalgamation between Gujarat Gas


Company Ltd and GSPC Gas Company Ltd, Gujarat’s best performing companies in gas
distribution sector in India, has been approved and a new amalgamated entity, Gujarat Gas
Limited has now emerged. The arrangement in nature of amalgamation of GSPC Gas Company
Limited, Gujarat Gas Company Limited, Gujarat Gas Financial Services Limited and Gujarat
Gas Trading Company Limited with GSPC Distribution Networks Limited and Restructuring
of share capital of GSPC Distribution Networks Limited has been completed. The new
amalgamated entity, Gujarat Gas Limited, has emerged as India’s largest city gas distribution
player with presence spread across 19 Districts in the State of Gujarat and Union Territory of
Dadra Nagar Haveli and Thane of Maharashtra. The new entity has India’s largest customer
base in major user segments: 10, 23,000 domestic households, 2,750 industrial customers,
14,000 commercial customers, 230 CNG stations selling 7, 65,000 kgs of CNG per day. The
total daily gas sales volume has reached up to 6.5 MMSCMD which is highest in India.  With
this amalgamation, the newly formed company’s market capitalization stands at Rs. 10,600
crore which shows company’s increased valuation and importance. The size and reach of the
amalgamated company gives it a capacity to achieve competence and ability to effectively
manage progressive changes in this sector.

INTERPRETATIONS

 The merger is expected to reduce the cost per employee through redeployment of
resources.
 This amalgamation will give further thrust to the growth of the CGD segment in the
country.
 The scenario may change in the long run, riding on aggressive expansion plan of GSPC
group paving way for higher volumes and increased bargaining power in sourcing LNG
at optimum cost.

 In the coming days, Gujarat Gas will add over 200,000 domestic household connections
and install more than 25 new CNG stations in Gujarat.

 With this amalgamation, the newly formed company’s market capitalization stands
at 10,600 crore.

MEDHA SINGH
23/08/18
NAME- MEDHA SINGH
ROLL NO: 127; SECTION C
CLASS: B.COM (HONS) 2ND YEAR, SEMESTER III
SUBJECT: BUSINESS REGULATORY FRAMEWORK

 GSPC and GGCL together distribute over 7 million metric standard cubic meter of gas
every day.

MEDHA SINGH
23/08/18

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