Gujarat Gas Co Ltd today said it has signed an agreement to buy 1.1 million standard cubic meters per day of imported LNG from Gujarat State Petroleum Corp Ltd (GSPC).
Gujarat Gas Co Ltd today said it has signed an agreement to buy 1.1 million standard cubic meters per day of imported LNG from Gujarat State Petroleum Corp Ltd (GSPC). The company yesterday "entered into an agreement with GSPC for the purchase of re-gasified LNG volume of up to 1.1 mmscmd for the period from January 2 to January 31 on a firm basis," GGCL said in a filing to the stock exchanges.
GGCL is the largest private natural gas transmission and distribution firm. It sells gas to more than 3.67 lakh domestic and commercial gas users in Gujarat. Besides, it sells compressed natural gas (CNG) to over 1.87 lakh vehicles in Surat and Bharuch.
Guj Gas stock price
On July 24, 2014, Gujarat Gas Company closed at Rs 466.20, up Rs 9.00, or 1.97 percent. The 52-week high of the share was Rs 578.90 and the 52-week low was Rs 159.00.
The company's trailing 12-month (TTM) EPS was at Rs 28.13 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 16.57. The latest book value of the company is Rs 106.18 per share. At current value, the price-to-book value of the company is 4.39.
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