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Gujarat Gas Limited emerges as India’s largest City Gas Distribution player
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Aiming to make ‘Green India’, Gujarat Gas Limited to expand its operations in city gas distribution sector in other states
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In coming days, Gujarat Gas Limited will add more than 2 Lacs domestic household connections and install more than 25 new CNG stations in the State
Gujarat’s best performing companies in gas distribution sector in India, Gujarat Gas Company Ltd and GSPC Gas Company Ltd has amalgamated into a single entity called Gujarat Gas Limited. The arrangement in nature of amalgamation of GSPC Gas Company Limited, Gujarat Gas Company Limited, Gujarat Gas Financial Services Limited and Gujarat Gas Trading Company Limited with GSPC Distribution Networks Limited and Restructuring of share capital of GSPC Distribution Networks Limited has been completed.
This new entity has emerged as India’s largest city gas distribution player with presence spread across 19 Districts in the State of Gujarat and Union Territory of Dadra Nagar Haveli and Thane GA (including Palghar district) of Maharashtra and India’s largest customer base in major user segments: 10, 23,000 domestic households, 2,750 industrial customers, 14,000 commercial customers, 230 CNG stations selling 7, 65,000 kgs of CNG per day.
Speaking on this event, Shri Saurabhbhai Patel, Minister for Finance, Energy and Petrochemicals, Govt. of Gujarat said “Gujarat has been the leader in moving to a gas-based economy and with this amalgamation we will now help to develop city gas distribution infrastructure in other states.” The minister added “Under the aegis of Govt. of Gujarat, this new amalgamated company Gujarat Gas Limited will continue to expand its reach within and outside of Gujarat to convert more and more industrial, vehicular and residential users to the environment friendly gas from other polluting fuels.”
Hon’ble Minister further added that under the leadership of Hon’ble Prime Minister Shri Narendrabhai Modi, the present Central Government has given top priority to the City Gas Distribution (CGD) sector and to help its speedy development across India, 100% allocation of cheaper domestic natural gas has been made to the CGD sector for CNG and domestic PNG requirement. Accordingly this amalgamation will give further thrust to the growth of the CGD segment in the country.
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