Home | Recommend Us | Contact us | Make NK your default homepage    

Home Astrology Chinese Astrology Numerology Recipes Self Help Photo Gallery Yoga Travel Education Pincodes Baby Names
Top Tamil Movies | Top Tamil Songs | Top Telugu Movies | Top Telugu Songs | Top Malayalam Movies | Top Malayalam Songs

Video News  | Stock Market | Gold/Silver Price | Currency Rate |

  News Channels
 
Kerala News
India News
World News
Business India
Sports News
Cricket News
Travel News
Health News
Technology News
News Reviews
Literature News
Education News
NRI News
Special Features
Entertainment News
Bollywood News
Hollywood News
Malayalam Cinema
Tamil Cinema News
Kannada Cinema
Telugu Cinema News
  Regional News
Andhra Pradesh News
Gujarat News
Karnataka News
Maharashtra News
Punjab News
Tamil Nadu News
West Bengal News
More India News
 
  NEWKERALA.COM BUSINESS SECTION:
 

Search Company   
   Ascending  Descending  
      (* minimum 3 characters required)
 

BSE

Top Gainers Top Losers Top Traded Shares Stock Rates


NSE

Top Gainers Top Losers Top Traded Shares Stock Rates

Home > Business India > Company Profiles: Gujarat Gas Company Ltd.

Gujarat Gas Company Ltd.
Registered & Corporate Office : 2 Shantisadan Society Near Parimal Garden Ellis Bridge Ahmedabad Gujarat - 380006 Tel: 26462980 26467876 26460095
Business Group: MNC Associate Industry Type: Industrial Gas
Key Officials:
Mr. Jal Patel
Mr. Bikash C Bora
Mr. Ajit Kapadia
Mr. Shaleen Sharma
Prof. Pradip Khandwalla
Mr. Rajeev Khanna
Mr. Hasmukh Shah
Director
Independent Director
Director
Managing Director
Director
Director
Chairman / Chair Person
Public Issue Date: Not Available BSE CODE: 523477 NSE CODE: GUJRATGASEQ
Face Value: 2 Market Lot: 1 ISIN: INE374A01029
Current PE: 8.4925 Current Market Capital: 1351.1138
Promoters %: 65.1218
Promoters Shares: 41759375
Institution Investment %: 23.8553
Institution Investment Shares: 15297229
Auditor:
Price Waterhouse
Banker:
Registrar:
Karvy Computershare Private Ltd Plot No.17-24Vittal Rao NagarCyberabadMadhapurHyderabad 500081 Andhra Pradesh 23420815
Company History: 1980

- The Company was incorporated on 17th January under the name ofGujarat Amico Chem Ltd. & obtained the Certificate for Commencement ofBusiness on 14th August 1980. It was promoted by Mafatlal FineSpinning & Manufacturing Co. Ltd. and GIIC Ltd. to implement theAnkleshwar & Bharuch National Gas distribution project by entering intoan agreement on 21.12.1987.

- The Company became a subsidiary of MIL on acquisition of 6 12 000equity shares of Rs 10 each effective 28.1.1991. The Company wasallotted (1) 1 70 000 CMD of national gas for Ankleshwar Branch project& (b) 3 00 000 CMD of national gas for the Surat project.

1988

- The name was changed to Gujarat Gas Co. Ltd. on 8th June.

1991

- In October the Company had offered for subscription 101 lacs EquityShares of Rs.10/- each for cash at par out of which 46.55 lacs EquityShares were issued to the Indian Public and the employees of theCompany as also those of Promoter Companies.

1992

- During the year the Company consolidated its natural gasdistribution operations at Ankleshwar/Bharuch and started thedistribution activities at Surat.

- At Ankleshwar/Bharuch the Company has committed to 152 industrial 8814 domestic and 196 commercial consumers upto 31st May involvingquantity of more than 177000 Cubic Meters per Day (CMD).

- The Company is also planning to enter the area of supply ofCompressed Natrual Gas (CNG) to vehicles as a fuel to substitutepetrol/diesel.

- The Company is implementing a pilot project at Surat for convertingabout 500 petrol driven cars to CNG.

- The Company has also set up an adequately equipped Research andDevelopment Centre to improve locally available materials/equipmentsand develop new ones required for safe and efficient gas distributionprojects.

- The Company has also set up a Training Centre at Bharuch and a fullfledged Human Resource Development department.

- The Company commissioned its first CNG station at Surat unit in themonth of June.

1993

- The Company has introduced two major systems of Cost Planning andControl viz. Budgetory Control System and Activity Based CostingSystem.

- The Company has installed 1 MW capacity unit at lamba near Porbandar.

- The Company has developed a comprehensive computer network whichkeeps all the records of customers and helps in responding to theircomplaints and other needs instantly.

- Gas Chromatograph facility has been established to analyse NaturalGas composition Calorific value Spec. Gravity Odourant level and H2Scontent.

- The first wind power generation project of 1 MW capacity at Lambanear Porbandar was commisioned in September.

1994

- During the year the company has been able to achieve 100% capacityutilisation with respect to gas distribution quantity of 1.7 lacs cubicmtrs. per day on committed/fall back basis.

- In view of encouraging response from the customers second CNGstation at Surat is being set up and will be commissioned during1994-95.

- It is planned to set up a Joint Venture Company with Bharat PetroleumCorporation Ltd. (BPCL) for development of import terminals at someexisting/new ports alongwith suitable infrastructure facilities.

- The Company has decided to enter parallel marketing of LPG and otherpetroleum products.

- It is planned to set up two LPG Bottling plants one near Ahmedabadand second near Rajkot.

1995

- The Company received an additional commitment of 50 000 CMD of gasfrom Gujarat State Petroleum Corporation Ltd. The wind farm projectnear Porbandar generated 981875 units.

- The Company realised 6374 domestic connection and 419commercial/industrial connections. In 1996 additional 10068 domesticcustomers were connected during the year and only a 11 new industrialcustomers were connected. The Company received an additional supply of50 000 CMD from GSPCL from the Hazera field.

- The wind power machines produced 1 21 955 units. Both the bottlingplants viz. Lodhika near Rajlot and Sanand near Ahmedabad of thecompany were commissioned in the previous year and maintained anuninterrupted gas supply to its customers. - The Company undertook to implement a project for laying anunderground pipeline network and other associated installation fordistribution of 45 200 CMD of natural gas to commence at Ankleshwar &Bharuch.

- Petroleum Infrastructure Ltd.: it is a joint venture between BharatPetroleum Corporation Ltd & the company. The joint venture implementeda project at Okha to create infrastructure facilities for the importreceipt and storage of LPG.

- UGI Gujarat Gas India Ltd.: This is a joint venture between thecompany and UGI of U.K. The plant at Pune was commissioned in June1996 and quality gas meters were produced.

- The Company entered into a MOU with a British power generating anddistributing company namely Eastern Generation Ltd.

- Gujarat Gas Financial Services Ltd. is a subsidiary of the Company.

1996

- As a long term growth in natural gas the company entered into a MOUwith Enron for market development for importing liquefied natural gas.The MOU proposed to reserve 0.9 MMTPA for gas distribution.

- During the year the Company received an additional commitment of50000 CMD of gas from Gujarat State Petroleum Corporation Limited(GSPCL) from their Hazira Gas field from July 1995.

- As the members are aware the Company has decided to acquire 78% ofthe equity share of Tripura Natural Gas Company Limited (TNGCL) and hastaken various effective steps to start implementation of gasdistribution project at Agartala.

- During the year the Company opened a new CNG Dispensing Station atAnkleshwar industrial area.

- During the year GFSL has introduced many new and innovativefinancing schemes for Natural Gas and LPG customers.

- The Company has formally introduced Total Quality Management (TQM)programme during the year and it is expected that within 2 to 3 yearstime period the customer service standards practiced by the Companywill be comparable to the best standards internationally.

- The Company during the year conducted the Employee SatisfactionSurvey through a leading consultancy firm and have taken steps toimprove satisfaction levels within the organisation.

1997

- Gujarat Gas has a joint venture with BPCL for bottling LPG along withtwo plants and as such provides British Gas with an ideal vehicle tolaunch its Indian operation.

- GGCL has entered into a joint venture with BPCL to set upinfrastructure at minor ports and they have set up a port at Okha inGujarat where 100 000 tonnes of LPG will be imported.

- The gas company promoted by the Mafatlals and the Gujarat IndustrialInvestment Corporation (GIIC) is supplying natural gas through anetwork of pipelines in Surat Ankleshwar and Bharuch.

- Enron has signed an MoU for three joint ventures (50:50 each) withGujarat Gas for importing and transporting LNG (liquefied natural gas) and for a power plant.

- GGCL is a joint sector company of the Gujarat Industrial InvestmentCorporation (GIIC) and the Mafatlal group.

- GGCL has an agreement with a Qatar-based subsidiary of Enron for thesupply of liquefied natural gas for its grid.

1998

- The company proposed to embark on a major expansion of its gasdistributing activities.

- The company has entered into a Memorandum of Understanding with Enronfor market development for importing Liquefied Natural Gas (LNG).

- Gujarat Gas Company Ltd (GGCL) is the largest private sector gasdistribution company in India.

- GGCL has another joint venture with UGI Meters Ltd part of theBritish Hanson group to make meters to monitor the consumption of gas.

1999

- Gujarat Gas Company (GGCL) a subsidiary of British Gas Asia PacificHolding Pte Ltd is eyeing more markets in Gujarat for gasdistribution.

- Gujarat Gas Company Ltd (GGCL) has entered into a memorandum ofunderstanding with Pune-based engineering major Thermax Ltd formanufacturing gas-based air-conditioners.

- GGCL subsidiary Gujarat Gas Financial Services Ltd (GGCL) will beproviding the finance for the production of these ACs.

- Gujarat Gas has signed an MoU with Gujarat Pipavav Port Limited and asubsidiary of British Gas to receive about 3.6 million SCMD of gas by2002-03.

- Gujarat Gas Company Ltd a subsidiary of British Gas is understoodto be in talks with Interlink Petroleum Ltd and Larsen & Toubro foracquiring their equity stake in two gas fields in Gujarat.

- An agreement has been signed with Gujarat State Petronet Ltd. underwhich Gujarat Gas will transport natural gas beginning in the secondhalf of 2001 from the Hazira field of Gujarat State Petroleum Corpn.

2000

- Gujarat Gas Company Ltd. a subsidiary of British Gas has appointedMr. Robert Thomas as its new Managing Direcor replacing Mr EdwinBowles.

- British Gas subsidiary Gujarat Gas Company Ltd. has signed a10-year gas transmission arrangement with Gujarat State Petronet Ltd.

- The Company has signed a gas sales agreement with Search Chem Limitedwhereby GGCL will supplly two lakh twenty five thousand cubic metre ofnatural gas to Search Chem at Jhagadia. 2002

- Gujarat Gas Company accepted the resignation of Mr Angus McCallum.TheBoard of Directors has in its meeting held today (March 9 2002)appointed Mr Antony Seigel as additional Director.

2002

-Gujarat Gas Company Ltd has informed that British Gas Asia Pacific Holdings Pte Ltd (BGAPH) has nominated Mr. B S Shantharaju as the Managing Director of the Company with effect from March 1 2003.Mr. Robert Thomas the existing nominee of BGAPH will continue to be in office till February 28 2003.

2003

-Mr B S Shantharaju has been appointed as new MD of Gujarat GasCompany Ltd.

-Gujarat Gas Co. has signed an agreement with Gujarat State Fertilisers and Chemicals Ltd for the supply of 0.15 million standard cubic meters of gas per day.

-Mr.Ajit Kapadia has been appointed as the Additional Director on the board of the company.

-Gujarat Gas Co Ltd has signed an agreement with GardenSilks Mills Ltd for the supply of0.166million standard cubic meters of gas per day

-Gujarat Gas Company Ltd has has appointed Mr Anil Mukim as an Additional Director.

-Gujarat Gas Company Ltd has signed an agreement with Gujarat State Petroleum Corporation Ltd (GSPCL) for purchase of upto 0.50 million standard cubic meters of gas per day

2004

-Gujarat Gas signs RoU Agreement with Gujarat Industrial Development Corporation

-Bank launches country's first international gold debit card providing benefits like comprehensive insurance cover and zero surcharge at petrol pumps on December 9 2004 .

2005

-Gujarat Gas signs gas sales contract

2007

-Gujarat Gas has appointed Mr. Shaleen Sharma as the Managing Director of the Company for a period of 5 (five) years with effect from July 01 2007.

2008

- Gujarat Gas Company Ltd has informed that the Board of Directors of the Company at its meeting held on January 31 2008 has appointed Mr. Rajeev Khanna as an additional director of the Company.

- Gujarat Gas Co. Ltd has informed that Mrs. Rajeshwari Sharma has been appointed as the Company Secretary of the Company with effect from February 08 2008.

(Source: RTGSL)


Select The First Character Of The Company Name:
1-0 A B C D E F G H
I J K L M N O P Q
R S T U V W X Y Z


Search Company   
   Ascending  Descending  

(
* minimum 3 characters required)

  Photo News

 

Entertainment Sports Current Affairs
  Best of NewKerala.Com
Self Help Self Help
India Greeting Cards Greeting Cards
India Education India Education
Indian Recipes Recipes
India Travel Maps


 
 
Home | Recommend Us | Contact us | Make NK your default homepage
© 2001-2008 NEWKERALA.COM. All Rights Reserved.