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April 18, 2015 9:40 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Gujarat State Petroleum Corporation Limited

Company Overview

Gujarat State Petroleum Corporation Limited engages in the exploration, development, and production of oil and gas in India and internationally. It primarily holds interests in the Deen Dayal field in the Krishna-Godavari basin located off the east coast of the State of Andhra Pradesh. The company also owns working interests in 15 producing fields in the Cambay basin. It holds participating interest in 64 onshore and offshore exploration and production blocks comprising 53 blocks located in India and 11 blocks located in Australia, Egypt, Indonesia, and Yemen covering a total area of approximately 257,810 square kilometers. In addition, the company engages in gas trading, and gas transmissio...

GSPC Bhavan

Behind Udyog Bhavan


Gandhi Nagar,  382011


Founded in 1979

687 Employees


91 79 6670 1001


91 79 2323 6375

Key Executives for Gujarat State Petroleum Corporation Limited

Managing Director, Director, Member of Shareholders/Investors Grievance Committee, Managing Director of Gujarat State Petronet Limited and Director of Gujarat State Petronet Limited
Age: 56
Executive Director of Finance & Accounts
Age: 60
Chief Executive Officer of GSPC Gas Company Limited
Age: 52
Chief Executive Officer of GUJ INFOPETRO Limited and Director of GUJ INFOPETRO Limited
General Manager of Overseas Operations and Planning & Development
Age: 49
Compensation as of Fiscal Year 2014.

Gujarat State Petroleum Corporation Limited Key Developments

Adani And GSPC Plans To Sell 25% Stake In LNG Terminal

Adani Enterprises Limited (BSE:512599) and Gujarat State Petroleum Corporation Limited (GSPC) is planning to sell 25% stake in the terminal has hit a roadblock as GSPC does not have a chief executive officer to grant approvals related to the deal. Adani and GSPC have been planning to set up INR 4.5 billion liquefied natural gas (LNG) import terminal at Mundra special economic zone (SEZ) in Gujarat by December 2016. "After D J Pandian, GSPC has been without a Chief Executive Officer. The request for proposal has not been made and we understand the deal may not happen this financial year," said an official directly involved in the stake sale process. The due diligence on the stake sale was completed last December and players were asked to submit commercial proposals based on capacity booking by January 15, 2014. The bids were to be opened in March and a final closure of the deal was to take place by June 2014. However, in the wake of elections in the month of May, the process was put off. "The stake sale may not happen before next financial year as being government organizations, ONGC and IOC would need various rounds of approval," said another official aware of the deal.

ONGC Petro-additions Stake To Be Sold- Reports

GAIL (India) Limited (BSE:532155) is planning reportedly to reduce its equity stake in ONGC Petro-additions Ltd to 11.6%. Gujarat State Petroleum Corporation Limited which originally was to hold 5% stake, will now have 3.75% interest in ONGC Petro-additions Ltd. Oil and Natural Gas Corp. Ltd (BSE:500312) has however decided to keep its stake at 26%.

Gujarat State Petroleum Mulls IPO- Reports

Gujarat State Petroleum Corporation Limited is poised to get listed. Gujarat State Petroleum Corporation Limited will reportedly revive its initial public offering plans and may launch issue by end of this financial year.

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