Total gas sales volume to exceed IGL's and MGL's after acquisition
Having announced a controlling stake acquisition in Gujarat Gas Company Ltd (GGCL), Gujarat government-owned Gujarat State Petroleum Corporation (GSPC) is set to become the largest city gas distribution company in terms of customers in India. The GSPC Group, through its subsidiary GSPC Distribution Networks Ltd, has signed a definitive agreement with the British Gas Group to acquire 65.12 per cent stake in GGCL. The deal, however, was not warmly received by the market. GGCL stock dived nine per cent on the Bombay Stock Exchange.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/gspc-set-be-largest-city-gas-distributor-customer-base
[2] http://admin.indiaenvironmentportal.org.in/category/author/rutam-vora-kalpana-pathak
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gujarat
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/liquefied-natural-gas-lng
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cng
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas-exploration
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
