Latest news with #GSPL
Time of India
7 days ago
- Business
- Time of India
GSPC set to merge with Gujarat Gas
Gandhinagar: Gujarat govt is set to discontinue the GSPC (Gujarat State Petroleum Corporation Ltd) PSU brand, established nearly five decades ago. Over the years, GSPC has experienced numerous highs and lows and is now scheduled to merge with Gujarat Gas Ltd (GGL), a company it acquired several years ago. The long-pending compliance process between GSPC group companies and Gujarat Gas is expected to be completed by Oct, following the approval of the amalgamation plan by various Govt of India authorities and the Gujarat govt. The govt of Gujarat provided an "in-principle" approval for a composite scheme of arrangement involving the GSPC group of companies at a meeting chaired by chief minister Bhupendra Patel on June 19, 2024. The final approval for the scheme was granted in May this year. According to the scheme, GSPC, GSPL (Gujarat State Petronet Ltd) and GSPC Energy Ltd (GEL) amalgamate with Gujarat Gas Limited. There will also be a demerger of the Gas Transmission Business Undertaking into GSPL Transmission Limited. GSPC, India's second largest natural gas trading company, has significantly contributed to establishing Gujarat as a "gas-based economy" by achieving a scale that fosters greater synergies with GGL. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is this legal? Access all TV channels without a subscription! Techno Mag Learn More Undo The central govt aims to increase the share of natural gas in India's energy basket from 6% to 15%. Over the past five years, GSPC recorded cumulative revenues exceeding Rs 1 lakh crore and a PAT of over Rs 6,500 crore. Conversely, GSPL's growth has not been fully reflected in its valuation due to the holding company discount. A senior official commented that after the merger, valuation is expected to rise significantly. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad According to sources, the exchange ratio for the amalgamation is set as follows: 10 shares of GGL (FV Rs 2) for every 305 equity shares of GSPC (FV Re 1); for GSPL, 10 shares of GGL (FV Rs 2) for every 13 equity shares of GSPL (FV Rs 10); and for the demerger of the Gas Transmission Business undertaking, 1 equity share of GTL (FV Rs 10) for every 3 equity shares of GGL (FV Rs 2). Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
Business Standard
23-05-2025
- Business
- Business Standard
GSPL slips as Q4 PAT declines 73% YoY to Rs 71 crore
Gujarat State Petronet (GSPL) declined 1.14% to Rs 342.70 after the company's standalone net profit slipped 72.91% to Rs 70.73 crore on a 53.03% fall in revenue from operations to Rs 238.07 crore in Q4 FY25 over Q4 FY24. The dismal bottom-line performance was largely due to a sharp 53.03% drop in revenue from operations, which came in at Rs 238.07 crore compared to Rs 506.82 crore in the year-ago quarter. Revenue from gas transportation, the companys core business, stood at Rs 232.83 crore, down 53.54% YoY, while revenue from electricity sales declined 8.07% YoY to Rs 5.24 crore. Profit before tax during the quarter stood at Rs 103.53 crore, reflecting de-growth of 71.01% on a YoY basis. The company reported a 22.8% decline in Q4 transmission volumes, which stood at 25.76 million metric standard cubic meters per day (mmscmd), compared to 33.38 mmscmd in Q4 FY24. On a full-year basis, the company's net profit fell 37.13% to Rs 807.62 crore on a 45.32% drop in revenue to Rs 1,110.79 crore in FY25 over FY24. Meanwhile, the board of directors recommended a dividend of Rs 5 per equity share of Rs 10 each, representing a 50% payout for the financial year 2024-25. Gujarat State Petronet's primary business objective is to connect various supply sources and users of natural gas in Gujarat through its gas pipeline network. GSPL is the leader in the natural gas transmission business in Gujarat and is the second-largest natural gas transmission player in India.
Mint
12-05-2025
- Business
- Mint
F&O Strategy: Latent View to ICICI Bank— Rupak De suggests buy or sell strategy for THESE stocks
Stock market today: In a strong turnaround, the stock market benchmark indices Sensex and Nifty 50 saw a notable rebound in early trade on Monday, following the announcement of a mutual agreement between India and Pakistan to cease all firings and military actions across land, air, and sea. This diplomatic development came in the wake of India's 'Operation Sindoor,' which aimed to dismantle nine terror infrastructures in Pakistan and Pakistan-Occupied-Kashmir in response to the Pahalgam terror attack. Starting the day with optimism, the Sensex surged remarkably, jumping 1,793.73 points to reach 81,248.20 in early trading. The Nifty 50 mirrored this momentum, climbing 553.25 points to hit 24,561.25. As the day progressed, the BSE benchmark continued to rally, trading 1,949.62 points higher at 81,398.91, while the Nifty 50 marked a significant rise of 598.90 points to 24,606.90. On the F&O segment, Rupak De of LKP Securities, has suggested Latent View Analytics Ltd, ICICI Bank Ltd, and Gujarat State Petronet Ltd (GSPL) shares to buy or sell. Here's what De says about the overall market and stocks. Nifty 50 traders seemed to adopt a risk-off approach amid rising India-Pakistan tensions, leading the index to slip from its recent consolidation range. Despite the decline, the Nifty 50 held above the 24,000 level, finding support near the 21-day exponential moving average (EMA). In the near term, bears may try to drive the index below the 24,000 mark to strengthen their position. A decisive break below 23,900 could trigger increased bearish activity. On the upside, 24,250 is likely to serve as immediate resistance, and a move above this level could lift market sentiment. Open Interest Analysis: Significant open interest additions were seen in Calls and Puts of 24,000 strike. Maximum Call writing seen at 24,500 strike while, maximum Put writing was visible at 24,000. Strategy: Sentiment is likely to weaken below 24,000. Trade: Buy Nifty 50 15May 23,900PE ABOVE 185 TGT 250 SL 144. Latent View share price has seen renewed buying interest, driving the price upward. With the stock trading above its moving average, the short-term trend remains positive. Bullish crossovers in momentum indicators on the daily chart support further upside potential. The stock is likely to test the ₹ 440 level if the current momentum continues. ICICI Bank share price has pulled back after hitting a new high and consolidating around ₹ 1,450. The recent drop below the 23.80% Fibonacci retracement suggests growing bearish sentiment. Weak buying interest at higher levels points to further downside toward ₹ 1,360, with resistance likely near ₹ 1,416. GSPL share price has formed a bullish Piercing Line candlestick pattern on the daily chart, indicating a possible rebound. A move above the 21-day EMA further confirms a short-term uptrend. Sentiment remains constructive, with the stock poised to reach ₹ 338. Key support lies at ₹ 313. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
28-04-2025
- Business
- Business Standard
Board of Greenply Industries approves further investment in Greenply Samet
At meeting held on 28 April 2025The board of Greenply Industries at its meeting held on 28 April 2025 has approved further subscription of 2,50,00,000 equity shares of Rs. 10/- each of Greenply Samet (GSPL), a Joint Venture Company of Green ply Industries and Samet B.V., in one or more tranches. Powered by Capital Market - Live News
Business Upturn
26-04-2025
- Business
- Business Upturn
GSPL, SBI Life, Can Fin Homes and 5 more stocks hit new weekly highs
By Aman Shukla Published on April 26, 2025, 13:51 IST In the closing week of April 2025, eight stocks listed on the Indian stock exchanges surpassed their previous week's highs, reflecting positive market momentum for these companies. Below is a detailed overview of each stock, including its latest closing prices, recent performance, and key financial metrics. Gujarat State Petronet Ltd (GSPL) Gujarat State Petronet Ltd (GSPL) closed at ₹305.00 this week, surpassing its prior week's high and continuing its positive momentum. Over the past year,the stock has traded between a 52-week low of ₹220.00 and a 52-week high of ₹330.00. JTEKT India Ltd JTEKT India Ltd ended the week at ₹135.00, crossing its previous weekly peak. Over the past year, JTEKT's stock has fluctuated between ₹95.00 and ₹140.00. SBI Life Insurance Company Ltd SBI Life Insurance Company Ltd recorded a closing price of ₹1,475.95, moving beyond its previous week's high. The stock's 52-week range spans from a low of ₹1,307.00 to a high of ₹1,935.00 Akzo Nobel India Ltd Akzo Nobel India Ltd finished at ₹2,150.00 for the week, achieving a new weekly high. Over the last year, Akzo Nobel's stock price has moved between ₹1,800.00 and ₹2,200.0. Can Fin Homes Ltd Can Fin Homes Ltd concluded the week at ₹675.00, breaking through its earlier weekly high. The housing finance company's shares have ranged from a 52-week low of ₹500.00 to a high of ₹700.00. Jubilant Ingrevia Ltd Jubilant Ingrevia Ltd saw its stock close at ₹540.00, exceeding its previous week's high. The stock has maintained a 52-week range between ₹400.00 and ₹560.00. Archean Chemical Industries Ltd Archean Chemical Industries Ltd closed at ₹562.60 this week, marking a new high compared to last week. Over the past 52 weeks, its stock has traded between ₹442.70 and ₹578.80. Supreme Petrochem Ltd Supreme Petrochem Ltd ended the week at ₹617.25, crossing its previous weekly high. The company's stock has been trading between a 52-week low of ₹518.05 and a high of ₹665.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
