Home  »  Company  »  Gujarat State Petronet Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Gujarat State Petronet Ltd. Company History and Annual Growth Details

The company was incorporated under companies Act, 1956 on Dec 23, 1998 as
Gujarat State Petronet Ltd., and obtained its Certificate of commencement of
business on April 7, 1999

Financial Event

2000-2001 We completed and commissioned the Hazira-Mora pipeline, our
first pipeline. The grid was 14 kms long. We acquired this
pipeline from GSPC in exchange for issue of shares of our
Company to GSPC.

2001-2002 We commissioned 45 kms of the Amboli-Dahej pipeline and the
total grid length increased to 59 kms.

2002-2003 We 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.

2003-2004 We commissioned the Paguthan-Baroda pipeline. The total grid
length increased to 209 kms.

2004-2005 We commissioned the Baroda-Ahmedabad-Kalol pipeline, the
GACL-Petronet pipeline, the Mora-Sajod pipeline and the
Kalol-Santej pipeline, extending the network by an
additional 224 kms. The total gas transmission network
length increased to 433 kms.

We awarded EPC contract for Mora-Vapi.

We completed the Gandhinagar spur line, which was 15.5 kms
in length. The total network length increased to 448.5 kms.

The Company, GSPC and IDF executed the Share Subscription
and Shareholders Agreement, pursuant to which IDF agreed to
subscribe for Equity Shares for an amount of Rs.900 million.

We demonstrated the reverse flow capability.

2005-2006 We commissioned the Mora gas terminal.

We awarded EPC contracts for Anand-Rajkot,
Kalol-Himmatnagar, Kalol - Mehasana and Anklav-Dhuvaran

The Company, GSPC, IDBI, IDFC and UTI Bank executed the
Shareholders Agreement, pursuant to which IDFC, IDBI and
UTI Bank agreed to subscribe for Equity Shares for an
aggregate amount of Rs.1,000 million.

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.


-Gujarat State Petronet Ltd, a gas distribution arm of Gujarat Petroleum Corporation Limited (GSPC), has signed an agreement with Reliance Industries Ltd (RIL) for transportation of 11 mmscmd gas from Bharuch to Jamnagar for a period of 15 years starting from the first quarter of 2008-2009.

-Gujarat State Petronet signed Agreement for Transportation Services with Reliance Industries


- Gujarat State Petronet Ltd has nominated Smt. V L Joshi, IAS on the Board of Directors of the Company. The appointment of Smt. V L Joshi, IAS was approved by the Board of Directors of the Company in their meeting held on April 26, 2007.


- Gujarat State Petronet Ltd has appointed Shri J. K. Jain and Shri R. Vaidyanathan as Independent Directors of the Company w.e.f. March 12, 2010.
Oct 28, 5:50 pm
Oct 28, 5:59 pm
Subscribe now to get personal finance updates in your inbox!