Gujarat Gas Limited is an Indian natural gas distribution company, which operates primarily in Gujarat. It was established in 1980 and is headquartered in Gandhinagar.[1] It is India's largest city gas distribution (CGD) company.
History
Gujarat Gas Company Limited (GGCL) was incorporated in 1980, and is in the business of procurement and distribution of natural gas. The company went public in October 1991, listing on the Bombay Stock Exchange and the National Stock Exchange. The BG Group acquired a majority stake in the company in 1997.[2] In October 2012, the majority owner in the firm, BG Group, sold its 65% stake for a fee of around $470 million. The buyer was GSPC Gas, a unit of the state-run Gujarat State Petroleum Corporation (GSPC).[3]