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August 01, 2015 10:23 AM ET

Oil, Gas and Consumable Fuels

Company Overview of British Gas India Pvt. Ltd.

Company Overview

British Gas India Pvt., Ltd. explores, produces, supplies, distributes, and transmits piped natural gas to domestic, commercial, and industrial customers, as well as compressed natural gas for natural gas vehicles. It also involves in the cogeneration business. The company controls a network of pipelines. It operates offshore oil and gas fields in the Gulf of Cambay and north west of Mumbai in India. British Gas India Pvt., Ltd. supplies natural gas to customers in Mumbai, Ankleshwar, Bharuch, and Surat in India. The company was founded in 1991 and is based in New Delhi, India. British Gas India Pvt., Ltd. operates as a subsidiary of BG Group plc.

7th Floor

World Trade Tower

Barakhamba Lane

New Delhi,  110001

India

Founded in 1991

Phone:

91 11 4060 4060

Fax:

91 11 4354 5202

Key Executives for British Gas India Pvt. Ltd.

Managing Director, President and Director
Director of Finance and Strategy
Age: 52
Principal Legal Counsel
Director of Human Resources
Director of Policy & Corporate Affairs
Age: 65
Compensation as of Fiscal Year 2015.

British Gas India Pvt. Ltd. Key Developments

Gujarat Government Moves Supreme Court against British Gas, ONGC and Reliance Industries Ltd over Sales Tax

The Gujarat government on Thursday moved the Supreme Court stating that British Gas, ONGC and Reliance Industries Ltd-are liable to pay sales tax for bringing gas to Hazira from the Panna-Mukta-Tapti (PMT) field, situated off the west coast of India. The state government is claiming that sales tax dues of around INR 40 billion is payable between 1998-2015 by the three companies, which had entered into the production sharing contract (PSC) with the Centre, for capital investment and exploration. The state government had assessed the sales tax of around INR 15 billion from 1997 to 2001 on the three contractors while stating that the gas was delivered and sold to GAIL from the territorial region of Gujarat. However, the companies are contesting the demand notices on the ground that the Gujarat government has no jurisdiction to levy sales tax from them because the delivery point is located 32 nautical miles away from Hazira port in Surat, and hence it does not fall within the territorial waters of India and is also outside Gujarat. Besides, British Gas is announced that the gas is technically an import, as it could have gone anywhere in the world but due to contract obligations with GAIL, it was brought to Hazira. The HC had in May rejected the state government's argument, saying the gas sales have not taken place within the state and the Gujarat government had no authority to levy the sales tax under the provisions of the Gujarat Sales Tax Act, 1969 on the transactions. It also asked the state government to refund the amount with interest at the rate of 9% per annum deposited by the contractors while seeking interim relief. Challenging the Gujarat HC's order, the Gujarat government in its appeal said that the movement of goods from the continental shelf or exclusive economic zone to Hazira onshore being within the customs frontier is not import into the territory of India and the sales in question are, therefore, chargeable to sales tax under the GST Act. According to the appeal, when the government of India, which is a signatory to the PSC, has specifically stated that the sale has taken place on-shore, that is, at Hazira, a unilateral assertion made by the contractors that the sale has taken place on the high seas cannot be accepted. The provisions of the Customs Act have been made applicable to the area of Panna and Mukta and by virtue of the notification issued by the central government, the customs frontiers have been extended to Panna-Mukta area and, therefore, for the purpose of the Customs Act, Panna-Mukta is a part of India, it said. Anything sent to Panna-Mukta from anywhere in the country will not be subject to customs duty as also anything brought from Panna-Mukta to the land area of India will also not be subjected to customs duty. Therefore, the crude and oil produced at Panna-Mukta is considered to have been produced in India, the state government stated.

British Gas India Pvt. Ltd. Presents at Citi India Oil & Gas Corporate Day 2014, Aug-28-2014 03:00 PM

British Gas India Pvt. Ltd. Presents at Citi India Oil & Gas Corporate Day 2014, Aug-28-2014 03:00 PM. Venue: Citigroup Global Markets India Pvt. Ltd., 14th Floor, G Block, FIFC, Bandra Kurla Complex, Bandra (East) Mumbai - 400051, Maharashtra, India. Speakers: Shaleen Sharma, Managing Director, President and Director.

BG And Gail Reportedly To Sell Stake In Mahanagar Gas In An IPO

British Gas India Pvt. Ltd. and GAIL (India) Limited (BSE:532155) are planning to sell 49.75% stake each in Mahanagar Gas, Ltd. in a initial public offering, according to The Economic Times. The IPO will be worth around INR 10 billion.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 19, 2015
Tapti Gas Field Facilities
 

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