Gujarat State Petroleum Corporation

Last updated

Gujarat State Petroleum Corporation Ltd
Company type State Government Agency
Industry Oil and gas
Founded1979 (1979)
Founder Government of Gujarat
Headquarters
Gandhinagar, Gujarat
,
India
Area served
India
Key people
  • J.N. Singh, IAS (Chairman & Managing Director)
  • Sujit Gulati, IAS (Director)
  • T.Natarajan , IAS (Joint Managing Director)
RevenueIncrease2.svg18,000 crore (US$2.3 billion)(FY2022)
Increase2.svg2,920.63 crore (US$370 million)(FY2022)
Increase2.svg1,638.30 crore (US$210 million)(FY2022)
Owner
Parent Department of Energy and Petrochemicals, Government of Gujarat
Subsidiaries
  • Gujarat Gas
  • Gujarat State Petronet Limited
  • GSPL India Gasnet Limited
  • GSPL India Transco Limited (GITL)
  • Sabarmati Gas Limited
  • GSPC Pipavav Power Company Limited
  • Gujarat State Energy Generation Limited
  • Guj Info Petro Limited
  • GSPC LNG Limited
  • Gujarat Energy Research and Management Institute
Website www.gspcgroup.com

Gujarat State Petroleum Corporation Ltd (GSPCL) is a state government-owned group of oil and gas exploration, production and distribution companies based in Gujarat, India. It is India's only state government-owned oil and gas company under the ownership of Department of Energy and Petrochemicals, Government of Gujarat. GSPC was incorporated in 1979 as a petrochemical company. [1] [2] [3] [4]

Contents

History

Incorporated in 1979 as a petrochemical company, GSPC has a wide gamut of hydrocarbon activities. In 1992, GSPC widened the scope of its activities and rechristened itself as Gujarat State Petroleum Corporation in 1994. With the Government of India's decision to privatize the hydrocarbon sector, GSPC acquired several discovered fields in the first and second rounds of bidding process initiated by the Government of India during 1994 and 1995.

Operations

GSPC has made one of India's largest gas finds in the Krishna Godavari Basin. It has also built the country's first land-based drilling platform, Ratnakar, at Hazira. GSPC has also exploration activities in Egypt, Yemen, Indonesia, and Australia.

Subsidiaries

Gas

Gujarat State Petronet Limited (GSPL) is a natural gas transmission company. It has 2239 km long gas pipeline network (Gujarat Gas Grid) in Gujarat. [5] [6] Gujarat Gas (GGL) is natural gas distribution company which is India's largest city gas distribution company. GSPL India Gasnet Limited (GIGL) and GSPL India Transco Limited (GITL) are join ventures promoted by GSPL along with Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) for the purpose of implementation of 2100 km pipeline passing through Mehsana - Bhatinda - Jammu - Srinagar and another 2042 km pipeline passing through Mallavarm - Bhopal - Bhilwara - Vijaipur respectively. Sabarmati Gas Limited (27.47% holding) was incorporated in 2006 for developing gas distribution network in 3 districts; Gandhinagar, Mehsana and Sabarkantha. GSPL (27.47%), GSPC (11.25%) and BPCL holds another 25.0% and institutional investors together hold rest of the company. GSPC LNG Limited (GLL) holds stake in the 5.0 million tonnes per year LNG terminal at Mundra which shall be commissioned in 2020.

Power generation

Gujarat State Energy Generation (GSEG) is a company for power generation in Gujarat which operate Haziara Gas Powerplant commissioned in 2002. GSPC Pipavav Power Company is a company for implementation of a power project at Pipavav in Saurashtra region of Gujarat. It is jointly held by Gujarat Power Corporation Ltd. (GPCL) of Gujarat Government.

IT

Guj Info Petro Ltd. (GIPL) provides IT and telecommunication services.

Education

The Gujarat Energy Research and Management Institute (GERMI) is an institution for energy education (through PDEU), training, and research.

Related Research Articles

<span class="mw-page-title-main">Sinopec</span> Chinese oil and gas enterprise

China Petroleum & Chemical Corporation (中国石油化工股份有限公司), or Sinopec, is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai.

<span class="mw-page-title-main">Engineers India</span> Indian public sector engineering company

Engineers India Limited (EIL) is an Indian public sector engineering consultancy and technology licensing company. It was set up in 1965 with the mandate of providing indigenous technology solutions across hydrocarbon projects. Over the years, it has also diversified into synergic sectors like non-ferrous metallurgy, infrastructure, water and wastewater management and fertilizers.

<span class="mw-page-title-main">Petronet LNG</span> Indian natural gas company

Petronet LNG Limited is an Indian oil and gas company formed by the Government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country. It is a joint venture company promoted by the Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL). Petronet LNG Limited, one of the companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal in Dahej, Gujarat, and another terminal in Kochi, Kerala. While the Dahej terminal has a nominal capacity of 17.5 million tonnes per year, the Kochi terminal has a capacity of 5 million tonnes per year. Plans to build a third LNG terminal in Gangavaram, Andhra Pradesh were dropped in October 2019.

<span class="mw-page-title-main">Kochi Refineries</span> Crude oil refinery of Indian city of Kochi

Kochi Refinery Limited (KRL) is a crude oil refinery in the city of Kochi in Kerala, India. It is the largest public sector refinery in India with a production capacity of 15.5 million tonnes per year. Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, it was acquired by Bharat Petroleum Corporation Limited in the year 2006. The refinery is situated at Ambalamugal, around 12 km (7.5 mi) east of the city centre.

<span class="mw-page-title-main">Oil and Natural Gas Corporation</span> Central Public Sector Undertaking

The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The company is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and producer in the country and produces around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.

<span class="mw-page-title-main">Bharat Petroleum</span> Indian central public sector undertaking

Bharat Petroleum Corporation Limited (BPCL) is an Indian Multinational public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.

<span class="mw-page-title-main">Hindustan Petroleum</span> Subsidiary of Oil and Natural Gas Corporation

Hindustan Petroleum Corporation Limited (HPCL) is an Indian Multinational public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai, and a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Ministry of Petroleum and Natural Gas, Government of India.

<span class="mw-page-title-main">Ministry of Petroleum and Natural Gas</span> Ministry of government of India

The Ministry of Petroleum and Natural Gas (MOP&NG) is a ministry of the government of India responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural gas, petroleum products, and liquefied natural gas in the country. The ministry is headed by the Cabinet Minister Hardeep Singh Puri. M. M. Kutty is the Secretary of the Ministry. Dharmedndra Pradhan serving as the minister from 26 May 2014 to 7 July 2021 is the longest serving minister till date.

Gulf Publishing Company is an international publishing and events business dedicated to the hydrocarbon energy sector. In mid-2018 it rebranded as Gulf Energy Information. Founded in 1916 by Ray Lofton Dudley, Gulf Energy Information produces and distributes publications in print and web formats, online news, webcasts and databases; hosts conferences and events designed for the energy industry. The company was a subsidiary of Euromoney Institutional Investor from 2001 until a 2016 management buyout by CEO John Royall and Texas investors. The business and strategy publication Petroleum Economist also transferred to the company in May 2016. In mid-2017 the company acquired 109-year old Oildom Publishing.

<span class="mw-page-title-main">QatarEnergy</span> Qatari state-owned oil company

QatarEnergy, formerly Qatar Petroleum (QP), is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President & CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs. The company's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's GDP. As of 2018 it was the third largest oil company in the world by oil and gas reserves. In 2022, the company had total revenues of US$52bn, a net income of US42.4bn, and total assets of US$162bn. In 2021, QatarEnergy was the fifth largest gas company in the world.

<span class="mw-page-title-main">GAIL</span> Central Public Sector Undertaking

GAIL (India) Limited is a central public sector undertaking. It has the following business segments: natural gas, liquified natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemicals, city gas distribution, renewable energy including solar & wind, exploration and production, GAILTEL and electricity generation. GAIL was given the Maharatna status on the 1 February 2013 by the Indian Government, a status which 11 other Public Sector Undertakings (PSUs) have.

GSEG Combined Cycle Power plant, Hazira is a gas based combined cycle power plant located at Hazira, Gujarat, in India.

<span class="mw-page-title-main">OQ (company)</span> Omani energy company

OQ, formerly known as Oman Oil Company, is an energy investment company headquartered in Muscat, Oman. It is a wholly owned subsidiary of the Government of Oman through the Oman Investment Authority.

<span class="mw-page-title-main">Gujarat Gas</span> Indian natural gas distribution company

Gujarat Gas Limited is an Indian natural gas distribution company, owned by Gujarat State Petroleum Corporation. Established in 1980, and headquartered in Ahmedabad, the company operates primarily in Gujarat. It is India's largest city gas distribution (CGD) company.

Bharat Oman Refineries Limited (BORL) which is under the ownership of Ministry of Petroleum and Natural Gas of the government of India. It owns and operates Bina Refinery, located at Bina in the Sagar of the state of Madhya Pradesh in India. The company was incorporated as a joint venture between Bharat Petroleum Corporation (BPCL) and Oman Oil Company Ltd. Since 2021, it is a wholly owned subsidiary of BPCL. The Bina Refinery was commissioned in 11 May 2011 with an annual capacity of 6 million tonnes. The capacity of the refinery was further enhanced to 7.8 million tonnes per year in 2018.

Public Sector Undertakings (PSU) or Public Sector Enterprises (PSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state governments or Joint venture between multiple Public Sector Enterprises. Depending on the level of government ownership, they can be broadly categorised as Central PSUs or State PSUs. These entities include government companies, statutory corporations, banking institutions, and departmentally run companies. PSUs are officially classified into three categories, which are Central Public Sector Enterprises (CPSE) and Public Sector Banks (PSB) owned by the central government or other CPSEs/PSBs, and State Level Public Enterprises (SLPE) owned by state governments or other SLPEs. CPSE is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSEs are granted the status of Maharatna, Navaratna, and Miniratna.

<span class="mw-page-title-main">Indian Oil Corporation</span> Central Public Sector Undertaking

Indian Oil Corporation Limited is an Indian Multinational oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Headquartered in New Delhi, it is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022. It is the largest government owned oil producer in the country both in terms of capacity and revenue.It has consolidated refining capacity of 80.55MMTPA which it intends to increase to 107MMTPA by 2024-25. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce.

Atanu Chakraborty is currently the chairperson of HDFC Bank, India's largest lender by market capitalization. He was appointed by the Reserve Bank of India in April 2021 on the board of bank. He is a 1985 batch officer of the Indian Administrative Service, of the Gujarat cadre, and has served as Economic Affairs Secretary of India till his retirement in April 2020. Chakraborty has also been in the energy sector At the central and state governments, his current role includes the chairmanship of start-up entities in Fintech.

Bharat Gas Resources Limited (BGRL) is a wholly-owned subsidiary of Bharat Petroleum Corporation Limited (BPCL), India's second-largest oil marketing company led by the Ministry of Petroleum and Natural Gas, Government of India. It was amalgamated with the parent with effect from 16 August 2022. The Corporate Affairs Ministry issued the final order on August 8, 2022, approving the scheme of BGRL's amalgamation with BPCL.

References

  1. "Welcome". www.gspcgroup.com. Retrieved 26 November 2023.
  2. "Gujarat State Petroleum Corporation Ltd | LinkedIn". in.linkedin.com. Retrieved 26 November 2023.
  3. "Gujarat State Petroleum Corporation | LinkedIn". www.linkedin.com. Retrieved 26 November 2023.
  4. "Gujarat State Petroleum Corporation Ltd. - Manufacturer from Sector-11, Gandhinagar, India | About Us". www.indiamart.com. Retrieved 26 November 2023.
  5. Reporter, B. S. (1 June 2007). "Gas grid to criss-cross whole of Gujarat". Business Standard India. Retrieved 24 June 2017.
  6. "PNGRB cuts GSPL rate for Gas Grid by 40%". Business Standard India. Press Trust of India. 12 September 2012. Retrieved 24 June 2017.