Gujarat Gas Share Price Target 2024, 2025 to 2030

Gujarat Gas Limited (GGL) stands as India’s premier City Gas Distribution (CGD) company, operating across 44 districts in 6 states and 1 union territory. With a track record spanning over three decades, GGL has built an extensive network, distributing approximately 9.2 million metric standard cubic meters per day (mmscmd) of natural gas. Renowned for its innovative initiatives like blending green hydrogen with Piped Natural Gas, GGL demonstrates a steadfast commitment to sustainability. This dedication has earned GGL prestigious accolades, including recognition as the ‘World’s Most Trustworthy Company 2023’ and inclusion in Dun & Bradstreet’s ‘India’s Top 500 Value Creators 2023.’ With ISO certifications for its Integrated QHSE Management System, GGL upholds the highest standards in quality, health, safety, and environmental stewardship. These achievements underscore GGL’s position as a trailblazer in India’s natural gas landscape, driving the nation towards a cleaner and more efficient energy future.

About Gujarat Gas

Gujarat Gas Limited, a government entity established under the Companies Act 2013, has been a cornerstone in India’s natural gas landscape. Formerly known as GSPC Distribution Networks Limited (GDNL), the company has played an integral role in bridging the gap between natural gas sources and end consumers. By facilitating the distribution of both Compressed Natural Gas (CNG) and Piped Natural Gas (PNG), Gujarat Gas caters to a diverse clientele including domestic, industrial, commercial, and non-commercial users across South and Central Gujarat and Saurashtra regions.

Renowned as India’s leading City Gas Distribution (CGD) player, Gujarat Gas operates across 27 CGD licenses spanning 43 districts in six states and one Union Territory. Its extensive network, encompassing over 15.5 lakh households, 13,000 commercial customers, 559 CNG stations, and 4,000 industrial units, is supported by a robust infrastructure of 30,000 kilometers of natural gas pipeline.

Covering a vast expanse of 1,69,700 square kilometers, Gujarat Gas commands the largest market share in the CGD industry. This dominance is evidenced by its significant shares in various sectors, including 24% of domestic connections, 41% of commercial connections, 18% of CNG stations, and 36% of industrial connections.

Looking towards the future, Gujarat Gas is poised for further expansion into PNG for domestic and commercial usage, as well as into the transport sector with CNG. These strategic initiatives not only aim to broaden access to cleaner energy alternatives but also align with the company’s commitment to sustainable growth and development.

Gujarat Gas Limited Reports Impressive 11% Increase in Net Profit for Q4, Declares Dividend

• Gujarat Gas Limited (GGL) exhibited a noteworthy 11% increase in net profit for the fourth quarter, reaching Rs 409.54 crore compared to Rs 369.22 crore in the corresponding period last year.
• Sequentially, the profit surged impressively by 85.9% from Rs 220.34 crore in the preceding quarter, indicating robust momentum and growth trajectory.
• The company’s revenue from operations witnessed a significant uptick, climbing by 5.4% to Rs 4,293.86 crore from Rs 4,073.82 crore year-on-year, underscoring its resilience in a dynamic market.
• GGL’s Ebitda for the quarter stood at Rs 591 crore, reflecting a strong operational performance and efficient cost management practices.
• Notably, Gujarat Gas declared a dividend of Rs 5.66 per equity share, aligning with its commitment to value creation for shareholders and ensuring attractive returns.
• The recent appointment of Rajesh Sivadasan as the new Chief Financial Officer adds valuable experience to the leadership team, with his 26 years of expertise in the energy industry and specialization in finance.
• Sivadasan’s appointment is anticipated to contribute significantly to GGL’s strategic financial management and sustainable growth initiatives, further strengthening its position in the market.