• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset Realasset
moneycontrol.com

Home » News » Business

Jun 27, 2011, 05.36 PM | Source: PTI

GSPC, Adani gas hike prices of CNG

State run oil and gas PSU Gujarat State Petroleum Corporation (GSPC) today hiked the price of compressed natural gas (CNG) by Rs 3.25 per kg, impacting industry and households in the state.

Like this story, share it with millions of investors on M3

GSPC, Adani gas hike prices of CNG

State run oil and gas PSU Gujarat State Petroleum Corporation (GSPC) today hiked the price of compressed natural gas (CNG) by Rs 3.25 per kg, impacting industry and households in the state.

Post Your Comments

Share Cancel

GSPC, Adani gas hike prices of CNG
State run oil and gas PSU Gujarat State Petroleum Corporation (GSPC) today hiked the price of compressed natural gas (CNG) by Rs 3.25 per kg, impacting industry and households in the state.

"The hike of Rs 3.25 per kg in CNG prices comes into effect from today. CNG shall now be available at Rs 40.25 per kg at our 110 gas stations across Gujarat," a GSPC official told PTI.

Earlier in May, the state PSU had raised prices of CNG from Rs 34.45 per kg to Rs 37 per kg, citing non-allocation of gas by the Centre from KG-D6 reserves as the reason for hike.

In the past one year, CNG prices in Gujarat have risen by over 35%, industry sources said.

Another city gas distributor (CGD), Adani Gas, that has operations in Ahmedabad and Vadodara, has also raised the prices of natural gas.

"Adani gas has hiked the price of CNG by Rs 2.50 per kg taking the price of natural to Rs 40.50 per kg. The hike comes into effect from today," a top company official said.

The company operates with a network of 54 CNG stations, 47 in Ahmedabad and seven in Vadodara, he said.

GSPC is amongst the seven city gas distributors along with Gujarat Gas Company, Adani Gas Limited, Charotar Gas Sahkari Mandli, Sabarmati Gas, Vadodara Municipal Corporation, HPCL (has CNG stations only), operating in Gujarat.

Guj State Petro stock price

On February 11, 2016, Gujarat State Petronet closed at Rs 128.85, down Rs 3.75, or 2.83 percent. The 52-week high of the share was Rs 153.50 and the 52-week low was Rs 104.30.


The company's trailing 12-month (TTM) EPS was at Rs 7.31 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 17.63. The latest book value of the company is Rs 64.32 per share. At current value, the price-to-book value of the company is 2.00.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
GSPC, Adani gas hike prices of CNG

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login