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GSPC looks at financial restructuring post $1.2 billion ONGC deal
March 2017
After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director JN Singh said.
GSPC looks at financial restructuring
March 2017
After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director JN Singh said.
GSPC to restructure post $1.2 billion ONGC deal
February 2017
After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director JN Singh said. The Gujarat government firm, which is saddled with nearly Rs.20,000 crore of debt, has a large gas trading business, gas transmission pipelines and city gas busines
GSPC looks at financial restructuring post $1.2 billion ONGC deal
January 2017
After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director JN Singh said.
Reviving Gas Based Plants
September 2016
Much water has flowed under the bridge since the first natural gas find in the west coast of India in eighties and subsequently laying of Hajira-Vijaypur-Jagdishpur (HVJ) gas pipeline.
ONGC in talks to sell 25percent stake in OPaL
August 2016
ONGC Petro additions Ltd (OPaL) is in talks with local and overseas petrochemical companies to sell as much as 25 per cent in the company, according to sources. The company is jointly owned by ONGC, GAIL (India) Ltd and Gujarat State Petroleum Corp
GAS or Reality
November 2015
The recent positive developments have raised the hopes of revival of natural gas-based power sector in the country, where many plants were either closed or operating at lower than optimal levels.
GSPC Gas Company Ltd and Gujarat Gas Company Ltd amalgamation complete
June 2015
Composite Scheme of Arrangement in nature of amalgamation of GSPC Gas Company Ltd, Gujarat Gas Company Ltd, Gujarat Gas Financial Services Ltd and Gujarat Gas Trading Company Ltd with GSPC Distribution Networks Ltd and restructuring of share capital of GSPC Distribution Networks Limited has been completed.
46 districts to see city gas rollout in 2015-16
May 2015
In a move that would give 46 new districts in the country gas distribution networks in 2015-16, downstream regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has started the fifth round of bidding for city gas distribution in 20 districts across Andhra Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Karnataka and Uttarakhand.
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