Moneycontrol Be a Pro
Get App
SENSEX NIFTY
Gujarat State Petronet > Company History > Oil Drilling And Exploration > Company History of Gujarat State Petronet - BSE: 532702, NSE: GSPL
YOU ARE HERE > MONEYCONTROL > MARKETS > OIL DRILLING AND EXPLORATION > COMPANY BACKGROUND - Gujarat State Petronet

Gujarat State Petronet

BSE: 532702|NSE: GSPL|ISIN: INE246F01010|SECTOR: Oil Drilling And Exploration
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Dec 05, 16:00
215.85
-2.15 (-0.99%)
VOLUME 10,436
LIVE
NSE
Dec 05, 15:58
215.80
-2.15 (-0.99%)
VOLUME 209,980
Company History - Gujarat State Petronet
The company was incorporated under companies Act, 1956 on Dec 23, 1998
 as
 Gujarat State Petronet Ltd., and obtained its Certificate of
 commencement of 
 business on April 7, 1999
 
 Financial  Event                                                   
 Year
 
 2000-2001  We completed and commissioned the Hazira-Mora pipeline,
 our
            first pipeline. The grid was 14 kms long. We acquired
 this
            pipeline from GSPC in exchange for issue of shares of our
            Company to GSPC.
 
 2001-2002  We commissioned 45 kms of the Amboli-Dahej pipeline and
 the
            total grid length increased to 59 kms.
 
 2002-2003  We commissioned 66 kms of grid pipeline, which included
            Mora-Utran, Cairn-Mora and Bhadhut-Paguthan pipelines,
 and
            GNFC, Videocon and Mora Kribhco spur lines. The total
 grid
            length increased to 125 kms.
 
 2003-2004  We commissioned the Paguthan-Baroda pipeline. The total
 grid
            length increased to 209 kms.
 
 2004-2005  We commissioned the Baroda-Ahmedabad-Kalol pipeline, the
            GACL-Petronet pipeline, the Mora-Sajod pipeline and the
            Kalol-Santej pipeline, extending the network by an
            additional 224 kms. The total gas transmission network
            length increased to 433 kms.
 
            We awarded EPC contract for Mora-Vapi.
 
            We completed the Gandhinagar spur line, which was 15.5
 kms
            in length. The total network length increased to 448.5
 kms.
 
            The Company, GSPC and IDF executed the Share Subscription
            and Shareholders Agreement, pursuant to which IDF agreed
 to
            subscribe for Equity Shares for an amount of Rs.900
 million.
 
            We demonstrated the reverse flow capability.
 
 2005-2006  We commissioned the Mora gas terminal.
 
            We awarded EPC contracts for Anand-Rajkot,
            Kalol-Himmatnagar, Kalol - Mehasana and Anklav-Dhuvaran
            pipelines.
 
            The Company, GSPC, IDBI, IDFC and UTI Bank executed the
            Shareholders Agreement, pursuant to which IDFC, IDBI and
            UTI Bank agreed to subscribe for Equity Shares for an
            aggregate amount of Rs.1,000 million.
 
            The Company's operation and maintenance systems and
            procedures were certified by Del Norske Veritas as being
            in conformity with the ISO 9001:2000 quality management
            system standard.
 
 
 2006
 
 -Gujarat State Petronet Ltd, a gas distribution arm of Gujarat
 Petroleum Corporation Limited (GSPC), has signed an agreement with
 Reliance Industries Ltd (RIL) for transportation of 11 mmscmd gas
 from Bharuch to Jamnagar for a period of 15 years starting from the
 first quarter of 2008-2009.
 
 -Gujarat State Petronet signed Agreement for Transportation Services
 with Reliance Industries
 
 2007
 
 - Gujarat State Petronet Ltd has nominated Smt. V L Joshi, IAS on the
 Board of Directors of the Company. The appointment of Smt. V L Joshi,
 IAS was approved by the Board of Directors of the Company in their
 meeting held on April 26, 2007.
 
 2010
 
 - Gujarat State Petronet Ltd has appointed Shri J. K. Jain and Shri
 R. Vaidyanathan as Independent Directors of the Company w.e.f. March
 12, 2010.
 
 2011
 
 -GSPL gets contract for 3 cross- country gas distribution pipelines
 
 -GSPL receives Letter of Authorization (LOA) from Petroleum and
 Natural Gas Regulatory Board for developing three Cross Country
 Natural Gas Transmission Pipelines.
 
 2012
 
 -Signing of Joint Venture Agreements among GSPL, IOCL, BPCL and HPCL
 for execution of three cross country pipeline projects awarded by
 PNGRB
 
 -The Company  recommended the dividend of Re. 1/- per share of Rs. 10
 each (i.e.@ 10%).
 
 2013
 - Gujarat State Petronet recommended  the dividend of Re. 1/- per
 share of Rs. 10 each (i.e.@ 10%).
 
 2014
 -Gujarat State Petronet recommended  the dividend of Re. 1/- per
 share of Rs. 10 each (i.e.@ 10%).
 
 2015
 - GSPC Group company announced that it has been awarded a 5-star
 grading from the Occupational Health and Safety Audit that was
 conducted by the British Safety Council
 
 
Source : Dion Global Solutions Limited
Quick Links for Gujarat State Petronet
Explore Moneycontrol
Stocks     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 | Others
Mutual Funds     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
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.