Synopsis:
Gujarat Gasoline Restricted (GGL), a part of the GSPC Group, has acquired MCA approval for key steps in its Composite Scheme of Amalgamation, involving GSPC, GSPL, GSPC Power, and GSPL Transmission, aimed toward consolidating power and gasoline belongings and streamlining operations.
The corporate is engaged within the enterprise of Pure gasoline in India. The enterprise of pure gasoline includes the distribution of gasoline from sources of provide to centres of demand and to finish prospects is now in focus after getting MCA nod for composite scheme.
With a market capitalization of Rs. 30,158 cr, the shares of Gujarat Gasoline Ltd are at present buying and selling at Rs. 439 per share, rising 4% in right now’s market, making a excessive of Rs. 452, from its earlier shut of Rs. 434.50 per share.
Information
Gujarat Gasoline Restricted (GGL), a GSPC Group firm, has acquired an order from the Ministry of Company Affairs (MCA) approving key procedural steps for its Composite Scheme of Amalgamation and Association with Gujarat State Petroleum Company (GSPC), Gujarat State Petronet (GSPL), GSPC Power (GEL), and GSPL Transmission (GTL). The order was issued on tenth September 2025.
As per the MCA order, shareholder conferences of GSPC Power Restricted (GEL) and GSPL Transmission Restricted (GTL) have been waived since 100% of their shareholders have already given their consent. Nevertheless, Gujarat Gasoline Restricted (GGL) and GSPL, that are listed firms, will maintain their shareholder conferences by means of digital platforms, whereas GSPC’s assembly may be held both bodily or nearly relying on the chairperson’s choice.
This scheme goals to simplify group operations and convey collectively power and gasoline infrastructure belongings beneath the GSPC Group. It is usually structured to adjust to all statutory and regulatory necessities, making certain easy progress towards last approvals and implementation.
In regards to the firm
Gujarat Gasoline Restricted (GGL), a number one firm beneath the GSPC Group, is engaged within the distribution and advertising of pure gasoline throughout Gujarat and different areas in India. The corporate offers piped pure gasoline (PNG) to households and business prospects, in addition to compressed pure gasoline (CNG) for autos. With a robust concentrate on infrastructure, customer support, and sustainable power options, GGL performs a key function in selling cleaner gasoline options and increasing India’s gasoline distribution community.
The corporate reported a 13% decline in gross sales, at Rs. 3,871 crore in Q1FY26 in comparison with Rs. 4,450 crore in Q1FY25. EBITDA fell barely by 3% to Rs. 520 crore, whereas web revenue remained largely steady at Rs. 328 crore, down simply 1% from Rs. 331 crore a yr earlier. Earnings per share (EPS) for Q1FY26 stood at Rs. 4.76, marginally decrease than Rs. 4.80 in Q1FY25, reflecting regular profitability regardless of decrease income.
Written by Manideep Appana
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