GSPC to merge distribution arm with Gujarat Gas
This would help GSPC create India's largest city gas distribution company
Five months after it acquired 65% stake in Gujarat Gas Company Ltd (GGCL), GSPC or Gujarat State Petroleum Corporation is planning to merge its city gas distribution entity, GSPC Gas Company Ltd with Gujarat Gas Corporation Limited (GGCL). Persons close to the development said this would not only help GSPC create India's largest city gas distribution company but also allow it to transfer the loans it took to acquire GGCL on its books as the company is listed.