Before the merger, the Gujarat government had a controlling 55% stake in GSPC. GSPC, in turn, owned 37% of GSPL, which further held a 54% stake in Gujarat Gas. GSPC primarily focuses on gas trading and exploration, with gas trading contributing significantly to its operating profit. In the fiscal year 2024, GSPC’s gas trading volume reached 11 million metric standard cubic meters per day.
Bright growth outlook for H2, but new risks seen in FY26: Finance Ministry
In its economic review for November, the ministry also said the “combination of monetary policy stance and macro-prudential measures by the central bank may have
December 27, 2024