Gujarat Gas Limited announces merger of GSPC, GEL, and GSPL into itself, spinning off gas transmission as GSPL Transmission Limited.

Gujarat Gas Limited (GGL) announced a restructuring plan on August 30, merging Gujarat State Petroleum Corporation (GSPC), GSPC Energy Limited (GEL), and Gujarat State Petronet Limited (GSPL) into itself. The plan also includes spinning off GGL's gas transmission business into a new entity, GSPL Transmission Limited, which will be publicly listed. This initiative aims to enhance operational efficiency, unlock shareholder value, and streamline corporate structure, pending regulatory approvals.

September 01, 2024
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