Gujarat Energy Ltd

Gujarat Gas will hold a meeting of the Board of Directors of the Company on 26 May 2026.

Gujarat Gas (GGL) announced that the Scheme of Arrangement involving GSPC Group has come into effect on 1 May 2026. It had earlier announced receipt of Final Order from the Ministry of Corporate Affairs (MCA) sanctioning the mega Scheme on 17 April 2026. The Scheme of Arrangement was announced on 30 August 2024 followed by Investors' Call on 31st August 2024 upon approval by Board of Directors of the respective companies. The market had welcomed the development and the shares of GGL and GSPL both saw significant positive moments following the announcement. The Scheme had also been positively recommended by Proxy Advisors - SES and IiAS - followed by the Shareholders of GSPL and GGL approving the Scheme with thumping majority in October 2025. With the Scheme taking effect from 1 May 2026, Gujarat State Petroleum Corporation (GSPC) and Gujarat State Petronet (GSPL) stand merged into GGL while the Gas Transmission Business Undertaking stand demerged into GSPL Transmission (GTL). The Scheme having taken effect from 1st May, 2026, GGL is poised to become a strengthened integrated energy Company housing Gas Trading, Exploration & Production and Wind Power Generation Businesses apart from its current stronghold - the City Gas Distribution business. Given the expanded scope of GGL's business in the energy space, the name of GGL will also be changed to Gujarat Energy shortly. With the Scheme becoming effective, GGL will also have investments in diversified businesses including gas-based power generation (GSEG and GPPC), LNG Terminal (GSPC LNG) city gas distribution (Sabarmati Gas) and information technology enabled services (Guj Info Petro). Simultaneously from 1 May 2026, the gas transmission business of Gujarat State Petronet (GSPL) has been demerged into GTL which will also be soon listed on the BSE and NSE. The Scheme having become effective on 1 May 2026, the same will provide GTL a focused growth approach with GTL becoming a pure-play gas transmission entity housing close to 2800 KMs of gas pipeline network in Gujarat and investments in two cross-country pipelines - GSPL India Gasnet and GSPL Indian Transco. While the Record Date for allotment of shares by GGL to the shareholders of GSPC and GSPL has been set as 12 May, 2026, the Record Date for allotment of shares by GTL to the shareholders of GGL would be announced after completing allotment of shares by GGL. In accordance with the share exchange ratio under the Scheme, GSPC shareholders will receive 10 equity shares of GGL for every 305 equity shares held in GSPC, while GSPL shareholders will receive 10 equity shares of GGL for every 13 equity shares held in GSPL. Further, the Shareholders of GGL will receive 1 equity share of GTL for every 3 equity shares held in GGL pursuant to demerger of gas transmission business into GTL and a separate Record Date in this regard will be announced in due course of time. Once the allotment under the Scheme is over, the Government of Gujarat will directly hold approx. 38.80% holding while the holding of Government of Gujarat together with other GoG Controlled entities would be approx. 56% in both the listed entities viz. GGL and GTL with balance shareholding to be held by public shareholders. The Scheme of Arrangement was pursued with stated objectives of streamlining group holding structure within GSPC Group, creating synergies by combining related businesses while remaining fully compliant with regulatory requirement of having gas transmission business housed into an independent legal entity as also to achieve value unlocking for GSPL's shareholders. With the Scheme becoming effective, all the above stated objectives are poised to be fully achieved.

Gujarat Gas Ltd dropped for a fifth straight session today. The stock is quoting at Rs 359.2, down 0.76% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.91% on the day, quoting at 23796.6. The Sensex is at 76835.93, up 1.01%.Gujarat Gas Ltd has eased around 11.95% in last one month.Meanwhile, Nifty Energy index of which Gujarat Gas Ltd is a constituent, has increased around 0.11% in last one month and is currently quoting at 35980.8, up 0.41% on the day. The volume in the stock stood at 3.49 lakh shares today, compared to the daily average of 23.98 lakh shares in last one month.The PE of the stock is 21.5 based on TTM earnings ending December 25.Powered by Capital Market - Live

Gujarat Gas Ltd is up for a third straight session today. The stock is quoting at Rs 401.35, up 2.65% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.61% on the day, quoting at 23722.1. The Sensex is at 76393.47, down 0.61%. Gujarat Gas Ltd has slipped around 5.43% in last one month. Meanwhile, Nifty Energy index of which Gujarat Gas Ltd is a constituent, has slipped around 3.04% in last one month and is currently quoting at 36138.5, up 1.82% on the day. The volume in the stock stood at 174.98 lakh shares today, compared to the daily average of 10.56 lakh shares in last one month.The PE of the stock is 23.19 based on TTM earnings ending December 25.Powered by Capital Market - Live

Gujarat Gas has received the credit rating CRISIL AAA/ Stable for long term bank facilities aggregating to Rs 3,350 crore. Powered by Capital Market - Live

In an exchange filing, the company said the war in the region has disrupted the gas supply scenario, leading to a significant tightening in R-LNG availability. In response to the situation, Gujarat Gas has issued force majeure notices to its industrial customers under the provisions of its gas supply agreements. The company has restricted the daily contracted quantity of gas supplies to industrial consumers with effect from 6 March 2026. Gujarat Gas also noted that acts of war are not covered under the insurance policies taken by the company. It added that the potential financial impact of the force majeure event cannot be estimated at this stage as the situation remains dynamic. The company said it is closely monitoring developments and will keep the stock exchanges informed of any material updates. Gujarat Gas is a city gas distribution company in India. On a consolidated basis, net profit of Gujarat Gas rose 20.75% to Rs 266.84 crore while net sales declined 11.91% to Rs 3658.41 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

In light of the recent ongoing war in the Middle East region impacting the gas supply scenario, the availability of R-LNG has become severely constrained. As a result, the company has issued Force Majeure Notices to its Industrial Customers in terms of the provisions of the gas supply agreements, restricting the daily contracted quantity (DCQ) from 6th March 2026. The company added that Acts of War is not covered under the Insurance taken by it. The likely impact of Force Majeure which is currently an ongoing event cannot be estimated at this stage. The company said that it is closely monitoring the developments. On a year-on-year basis, the company's consolidated net profit jumped 19.83% while revenue from operations tanked 10.78% in Q3 FY26. Gujarat Gas is the largest City Gas Distribution Company in India. The company has a successful track record of providing uninterrupted services to households for over 3 decades through a network of over 44,540 kms of gas pipeline, distributing approximately 8.37 mmscmd of natural gas in Q3 FY26. The company operates 833 CNG stations and provides natural gas to more than 23.83 lakh households in six states and one union territory.Powered by Capital Market - Live

Gujarat Gas Ltd dropped for a fifth straight session today. The stock is quoting at Rs 411.85, down 0.71% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25740.85. The Sensex is at 83490.85, up 0.05%.Gujarat Gas Ltd has gained around 1.3% in last one month.Meanwhile, Nifty Energy index of which Gujarat Gas Ltd is a constituent, has increased around 6.82% in last one month and is currently quoting at 36388.45, up 0.15% on the day. The volume in the stock stood at 1.61 lakh shares today, compared to the daily average of 3.14 lakh shares in last one month.The PE of the stock is 24.58 based on TTM earnings ending December 25.Powered by Capital Market - Live

Gujarat Gas Ltd fell for a fifth straight session today. The stock is quoting at Rs 411.85, down 0.71% on the day as on 10:24 IST on the NSE. The benchmark NIFTY is down around 0.21% on the day, quoting at 25670.3. The Sensex is at 83238.9, down 0.25%.Gujarat Gas Ltd has gained around 1.3% in last one month.Meanwhile, Nifty Energy index of which Gujarat Gas Ltd is a constituent, has increased around 6.24% in last one month and is currently quoting at 36388.45, down 0.4% on the day. The volume in the stock stood at 35836 shares today, compared to the daily average of 3.14 lakh shares in last one month.The PE of the stock is 24.58 based on TTM earnings ending December 25.Powered by Capital Market - Live

Gujarat Gas Ltd is up for a third straight session today. The stock is quoting at Rs 426.7, up 1.52% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.5% on the day, quoting at 25293. The Sensex is at 82170.1, down 0.48%. Gujarat Gas Ltd has gained around 3.52% in last one month. Meanwhile, Nifty Energy index of which Gujarat Gas Ltd is a constituent, has gained around 1.07% in last one month and is currently quoting at 35335.2, down 1.1% on the day. The volume in the stock stood at 2.77 lakh shares today, compared to the daily average of 5.32 lakh shares in last one month.The PE of the stock is 24.95 based on TTM earnings ending December 25.Powered by Capital Market - Live