Oil, Gas and Consumable Fuels
Company Overview of Gujarat State Petroleum Corporation Limited
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...
Behind Udyog Bhavan
Gandhi Nagar, 382011
Founded in 1979
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
Executive Director of Finance & Accounts
Chief Executive Officer of GSPC Gas Company Limited
Chief Executive Officer of GUJ INFOPETRO Limited and Director of GUJ INFOPETRO Limited
General Manager of Overseas Operations and Planning & Development
Compensation as of Fiscal Year 2014.
Gujarat State Petroleum Corporation Limited Key Developments
Gujarat State Petroleum Corporation Seeks Acquisitions
May 5 15
Gujarat State Petroleum Corporation Limited is looking for acquisition. Atanu Chakraborty, newly appointed Managing Director of Gujarat State Petroleum Corporation plans to consolidate its leadership position in the gas transmission and distribution sector through possible acquisitions, while reducing emphasis on exploration and production.
GSPC And Adani Reportedly Eyeing Equity Options For Mundra; IOC Reported To Be Keen
May 4 15
Gujarat State Petroleum Corporation Limited (GSPC) and Adani Enterprises Limited (BSE:512599) are looking at various equity options for their INR 46 billion liquefied natural gas (LNG) terminal at the Mundra special economic zone in Gujarat. Bankers close to the matter said that in addition to looking at bringing in an equity partner, the option could include going in for an initial public offering (IPO) for Mundra. According to the news report, GSPC and Adani have been planning to sell 25% stake in the terminal for over two years. GSPC holds 50% stake in the project, while Adani Group holds 25% stake. The report mentioned that the due diligence on the stake sale was completed in December 2013 and players were asked to submit commercial proposals based on capacity booking by January 15, 2014. The bids were to be opened in March 2014 and a final closure of the potential deal was to take place by June 2014. However, in the wake of elections in May 2014, the process was put off. Since then, there has been no progress on the project. A banker said, “Indian Oil Corporation Limited (BSE:530965) (IOC) is keen on picking up stake in the Mundra terminal. If that deal does not happen, IPO may be an option.” According to a company executive, Petronet LNG Ltd. (BSE:532522), despite its experience, was not short-listed as there could have been a conflict of interest.
Adani And GSPC Plans To Sell 25% Stake In LNG Terminal
Nov 25 14
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.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|