Gujarat Gas Company Limited

What Gujarat Gas Company Limited does

Gujarat Gas Company Limited, rebranded as Gujarat Energy Limited effective 18 June 2026 following a composite Scheme of Arrangement, is India's largest City Gas Distribution (CGD) company and a subsidiary within the GSPC Group. The company distributes Piped Natural Gas (PNG) across three core segments — domestic (23.83 lakh+ households as of 31/12/2025), commercial/non-commercial (15,900+ customers), and industrial (4,454+ customers, including a dominant position in the Morbi ceramic cluster) — through a regulated network of mild-steel and polyethylene pipelines spanning 44,540+ km across Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Haryana, Punjab, and Dadra & Nagar Haveli. It complements the PNG business with Compressed Natural Gas (CNG) sold at 833+ refuelling stations across the same footprint, operating a hybrid of Company-owned Mother/Online stations and Full Dealer Owned Dealer Operated (FDODO) Daughter Booster stations under its brand, supplemented by LCNG stations in non-pipeline areas.

The underlying technology is largely physical-asset based: ~200 bar CNG compression at Mother stations, LNG storage and regasification at the Mora terminal, smart pre-paid G1.6 gas meters for domestic customers, ultrasonic meters for industrial users, electronic volume correctors, and a proprietary (patent-pending) Burner Management System for textile Yarn Heat Setting applications. The business model is predominantly usage-based: domestic PNG billed monthly via tariff cards with state-variable VAT (Gujarat 15%, Palghar/Thane 13.5%, DNH 20%); industrial PNG priced through negotiated Minimum Guaranteed Offtake (MGO) and Non-MGO contracts via zonal Commercial & Marketing offices; commercial PNG similarly quote-based; and CNG sold by Rs/kg with state/district-level price cards. One-time connection fees and allied services (e.g., NAD for textiles) provide minor ancillary revenue. The post-merger Gujarat Energy entity additionally houses an integrated Gas Trading business with FY26 volumes of 10.2 mmscmd, long-term LNG sourcing of 2.96 mtpa (QatarEnergy, Uniper), Exploration & Production, and Wind Power Generation, while transmission assets are housed separately in GSPL Transmission Limited (GTL).

Distribution is multi-channel: direct PNG pipeline supply to homes and businesses, FDODO-operated CNG stations, online self-service portals (customerconnect, iConnect, applications.gujaratgas.com) and a mobile app for bill payment, meter reading submission, and CNG station location, plus offline collection through Department of Post (Gujarat Circle), E-Gram Centres, and authorised bill collection centres. Digital payment integrations span BBPS, Billdesk, BHIM UPI, net banking, debit/credit cards, and e-Mandate auto-debit. The customer base spans residential consumers, commercial establishments (hotels, hospitals, restaurants), heavy industrial users (ceramics, textiles, chemicals, pharma), CNG vehicle owners (auto-rickshaws, taxis, LCV/HCV fleets), FDODO dealer partners, and an empanelled vendor ecosystem for civil, electrical, and pipeline works. FY26 consolidated sales reached Rs 23,614.44 crore (+43.23% YoY) with net profit of Rs 1,677.58 crore (+46.09% YoY) and Q4 FY26 EBITDA growth of 34% YoY.

Name

Gujarat Gas Company Limited

Legal name

Gujarat Gas Limited

Website

https://gujaratgas.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Gujarat Gas Company Limited (now Gujarat Energy Limited) is India's largest City Gas Distribution company, operating 44,540+ km of pipeline and 833+ CNG stations across six states and one union territory to serve 23.83 lakh+ households, 4,454+ industrial customers, and 15,900+ commercial customers with piped natural gas and CNG.

Ownership category

akta.pro rank

Headquarters

HQ city

Gandhinagar

HQ country

India

HQ region

Asia

Offices14 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. PNG - Industrial Sales: Sale of Piped Natural Gas to more than 4,454 industrial customers (as on 31/12/2025) across operating locations under Minimum Guaranteed Offtake (MGO) and Non-MGO contracts. Pricing is subject to frequent changes and negotiated through zonal C&M offices.
2. PNG - Commercial / Non-Commercial Sales: Sale of PNG to more than 15,900 commercial and non-commercial customers (as on 31/12/2025) including hotels, restaurants, hospitals, religious places, community services, and textile yarn heat setting units. Pricing via zonal C&M offices.
3. PNG - Domestic Sales: Recurring piped natural gas sales to more than 23.83 lakh (2.383 million) households (as on 31/12/2025) for cooking and water heating via gas geysers, billed monthly with auto-debit e-Mandate, UPI, net banking, and post office collection options.
4. CNG Sales at Station Network: Compressed Natural Gas sales through 833+ CNG stations across seven states/UTs at retail prices varying by state/district. Operated via Company-owned (Mother/Online) stations and dealer-operated (Daughter Booster) stations under FDODO scheme.
5. Gas Trading (post-merger Gujarat Energy): Post-merger integrated gas trading business of Gujarat Energy Ltd (formerly Gujarat Gas + GSPC + GSPL) with 25-30% projected growth by FY31, FY26 volumes of 10.2 mmscmd, and projected annual recurring profit of Rs 1,000-1,100 crore. Long-term LNG sourcing portfolio of 2.96 mtpa with new agreements with QatarEnergy and Uniper Global Commodities.
6. New Connection Charges and Allied Services: One-time registration and connection fees from new domestic, commercial, and industrial PNG customers, plus value-added services like New Applications Development (NAD) for textile industry burner management systems.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels10 records

Core offering

Gujarat Gas Company Limited (now Gujarat Energy Limited) is India's largest City Gas Distribution (CGD) company. It distributes Piped Natural Gas (PNG) to domestic, commercial, and industrial customers and Compressed Natural Gas (CNG) for automotive use through a network of 44,540+ km of mild steel and polyethylene pipelines and 833+ CNG stations across Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Haryana, Punjab, and Dadra & Nagar Haveli. Post-merger with GSPC and GSPL effective 1 May 2026, the company also operates an integrated gas trading business with 2.96 mtpa of long-term LNG sourcing access.

Product overview

Gujarat Gas Company Limited — rebranded as Gujarat Energy Limited effective 1 May 2026 following the composite scheme of arrangement — operates India's largest City Gas Distribution (CGD) platform organised around three product pillars: PNG — Domestic, PNG — Industrial, and PNG — Commercial (each delivered via a network of mild-steel and polyethylene pipelines), together with the CNG automotive fuel business distributed through 800+ CNG stations across seven states and one union territory. The portfolio is augmented by specialised modules including LCNG station infrastructure (via INOX India-supplied stations) and the patented Yarn Heat Setting (YHS) technology for the Surat textile cluster. The unified entity extends the legacy CGD offering with integrated Gas Trading, Exploration & Production, and Wind Power Generation businesses inherited from GSPC and GSPL, while a separate GTL (GSPL Transmission) entity houses the ~2,800 km pipeline network. Customer-facing digital layers — the iConnect self-service portal, the Online Bill Payment portal (integrated with Billdesk, BBPS, UPI, and bank net-banking), and the Gujarat Gas Mobile App on Android and iOS — tie the products together into a single integrated energy services platform.

Differentiator

Problem solved

Functional benefit

Brands

• GGL: Internal brand code used across the company's tender notices, EOI references, and operational documents (e.g., GGL/EOI/2024-25 series)

Products and services

• PNG - Domestic (Piped Natural Gas - Household) Methane-based natural gas supplied through mild steel (MS) and polyethylene (PE) pipelines to residential customers primarily as a cooking fuel and for water heating via gas geysers. Marketed as a safer alternative to LPG cylinders.
• PNG - Industrial Piped natural gas supplied to industrial customers for heating, cooling, power, manufacturing, and process applications across major industrial clusters under MGO and Non-MGO contracts. Key end-market: Morbi ceramic cluster.
• PNG - Commercial / Non-Commercial Piped natural gas supplied to commercial establishments such as hotels, restaurants, hospitals, canteens, hostels, and Yarn Heat Setting (YHS) units, as well as charitable non-commercial organizations with Charity Commissioner certificates.
• CNG (Compressed Natural Gas) Auto fuel supplied at 800+ CNG stations across Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Haryana, Punjab, and Dadra & Nagar Haveli catering to 3-wheelers, 4-wheelers, and commercial vehicles. CNG is methane compressed up to 200 bar, marketed as an economical, low-emission alternative to petrol/diesel.
• LCNG (Liquefied Compressed Natural Gas) Stations LCNG station infrastructure built via third-party suppliers such as INOX India. LCNG stations serve areas not connected by pipeline, extending CNG availability via LNG transport.
• Yarn Heat Setting (YHS) Technology Specialised natural-gas-fired heat-setting process for textile yarn (between twisting and weaving), replacing LPG/diesel-fired non-IBR boilers. Burner management system developed by the company has been registered for patenting under the Indian Patents Act.
• Gas Trading Business Post-merger integrated gas trading business of Gujarat Energy Ltd with FY26 volumes of 10.2 mmscmd, projected 25-30% growth by FY31, and long-term LNG sourcing portfolio of 2.96 mtpa.

Quantifiable outcome

• 34% EBITDA growth in Q4 FY26 driven by higher CNG and PNG volumes
• +6 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature6 records

Partnerships

15 partnerships are on record, tiered flagship and core.

• QatarEnergyflagshipStrategic or Co-development Partner · 1 January 2026Long-term LNG supply agreement signed with QatarEnergy during FY26 as part of Gujarat Energy Ltd's expansion of its long-term LNG sourcing portfolio (currently 2.96 mtpa). Critical to ensuring R-LNG availability for CNG/PNG distribution network across Gujarat and other states. Force majeure was invoked by QatarEnergy during the West Asia conflict affecting India's LNG supply.
• Uniper Global CommoditiesflagshipStrategic or Co-development Partner · 1 January 2026Long-term LNG supply agreement signed during FY26 with Uniper Global Commodities to diversify Gujarat Energy Ltd's LNG sourcing portfolio. Forms part of the company's strategy to reduce single-supplier (Middle East) risk and source alternative LNG from non-Middle East markets including Oman and Angola during supply disruptions.
• (n)Code Solutions (a division of GNFC Ltd)coreTechnology or Integration · 1 January 2024Technology partner providing the (n)Procure e-Tendering platform used by Gujarat Gas to publish open tenders and receive bids. From 1 January 2024 onwards all GGL tenders are published on the new portal at tender.nprocure.com. Provides Bidders Qualification Criteria (BQC) upload facility, electronic price bid submission, and Class-III B Digital Signature Certificate integration.
• Department of Post (DoP), Gujarat CirclecoreChannel Partner/ Reseller/ Distributor · 1 December 2018Partnership with Department of Post Gujarat Circle for accepting PNG gas bill collections (cheque or cash) at designated post offices under jurisdiction of multiple Sr. Superintendent of Post Offices (SSPOs) covering Ahmedabad, Gandhinagar, Kheda, Navsari, Rajkot, Surat (Hazira), Valsad, and Superintendent of Post Offices (SPOs) covering Amreli, Anand, Bhavnagar, Gondal, Jamnagar, Kutch, Panchmahal, Surendranagar.
• BilldeskcoreChannel Partner/ Reseller/ DistributorOnline payment gateway partnership with Billdesk enabling customers to pay PNG bills via UPI, Net Banking, Debit Card, Credit Card, Wallets, Bharat QR. Zero convenience fee on multiple modes; credit card convenience fees applicable.
• Bharat Bill Payment System (BBPS) - NPCIcoreChannel Partner/ Reseller/ DistributorIntegration with Bharat Bill Payment System (BBPS) operated by NPCI allowing customers to pay PNG bills through any BBPS-enabled partner app or website with zero convenience fee.
• Petroleum and Natural Gas Regulatory Board (PNGRB)flagshipImplementation/ SI/ Consulting PartnerRegulatory partnership with PNGRB providing the Integrated Grievance Management System (IGMS) Portal for unresolved customer complaints. PNGRB regulates Geographical Areas (GAs) where Gujarat Gas has exclusive city gas distribution licences across Gujarat, Maharashtra, Rajasthan, MP, Haryana, Punjab, and DNH.
• GSPC (Gujarat State Petroleum Corporation)flagshipStrategic or Co-development PartnerComposite scheme of amalgamation effective 1 May 2026 merged GSPC into Gujarat Gas Limited under share exchange ratio of 10 GGL shares for every 305 GSPC shares held. Forms part of the integrated Gujarat Energy Limited (formerly GGL) structure covering Gas Trading, Exploration & Production, Wind Power Generation, and City Gas Distribution businesses. GSPC Group is the parent group of Gujarat Gas.
• GSPL (Gujarat State Petronet Limited)flagshipStrategic or Co-development PartnerComposite scheme of amalgamation effective 1 May 2026 merged GSPL into Gujarat Gas Limited under share exchange ratio of 10 GGL shares for every 13 GSPL shares held. Simultaneously the Gas Transmission Business was demerged into GTL (GSPL Transmission) - a pure-play gas transmission entity housing approximately 2,800 KMs of gas pipeline network. 37,28,73,995 GSPL-held GGL shares were cancelled due to cross-holding.
• GSPC Energy LimitedflagshipStrategic or Co-development PartnerComposite scheme of amalgamation effective 1 May 2026 also merged GSPC Energy Limited into Gujarat Gas Limited as part of the composite amalgamation executed under Sections 230 to 232 of the Companies Act, 2013. Resulted in the listing of 622,714,719 equity shares of ₹2 each on BSE and NSE under symbol GUJGASLTD effective 18 June 2026.
• Empanelled Civil Contractors (Phase 8)coreImplementation/ SI/ Consulting PartnerExpression of Interest (EOI) for empanelment of Civil Contractors (Phase 8) under reference GGL/EOI/2024-25/012 published 04-May-2026 with submission deadline 31-Jul-2026. Covers construction of CNG and LCNG stations across GEL GAs.
• Empanelled Electrical Contractors (Phase 21)coreImplementation/ SI/ Consulting PartnerExpression of Interest (EOI) for empanelment of Electrical Contractors (Phase 21) under reference GGL/EOI/2020-21/006 published 04-May-2026 with submission deadline 31-Jul-2026. Covers electrical works across GGL.
• Empanelled Steel Pipeline Laying Contractors (Phase-5)coreImplementation/ SI/ Consulting PartnerExpression of Interest (EOI) for Contractor Empanelment for Steel Pipeline Laying Project Works across GEL GAs under reference GGL/EOI/2025-26/001 (PHASE-5) published 05-Jun-2026 with submission deadline 26-Jun-2026.
• Empanelled PE-PNG Project Contractors (Phase-12)coreImplementation/ SI/ Consulting PartnerExpression of Interest (EOI) for PE-PNG Project Works at various Geographical Areas across GEL under reference GGL/EOI/2022-23/002 (PHASE-12) published 05-Jun-2026 with submission deadline 26-Jun-2026.
• Empanelled O&M Steel Network Contractors (Phase-2)coreImplementation/ SI/ Consulting PartnerExpression of Interest (EOI) for Contractor Empanelment for Operation & Maintenance (O&M) Works of Steel Pipeline Network and Associated Facilities across Gujarat Gas under reference GGL/EOI/2024-25/002 (PHASE-2) published 05-Jun-2026 with submission deadline 26-Jun-2026.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Indian Oil Corporation (IOCL): State-owned oil major with a growing CGD arm (IndianOil Adani Gas) and direct CGD licence interests; comparable as a broad incumbent entering the CGD space, competing for PNGRB-licensed GAs and providing a national-scale benchmark for CGD economics.
• GAIL (India) Limited: India's largest state-owned natural gas company with overlapping exposure in gas transmission, trading, and LPG; comparable as a broad incumbent that supplies gas to CGD players and competes in the gas value chain. Important counterparty and benchmark for Gujarat Energy's post-merger gas trading business.
• Bharat Petroleum Corporation (BPCL): State-owned OMC with CGD investments and competing for GA licences; comparable broad-incumbent peer in Indian gas distribution, providing capital and reach that smaller standalone CGD players lack.
• Hindustan Petroleum Corporation (HPCL): State-owned oil marketing company with CGD presence and active bidding for PNGRB GAs; comparable as a broad incumbent with a multi-product energy portfolio that increasingly includes CGD as a downstream adjacency.

Direct peers

• Adani Total Gas Limited: Direct competitor in CGD across multiple Indian states with a growing CNG station and PNG household base; comparable multi-state GA footprint, similar customer segments, and a parallel push into EV/CNG mobility. Increasingly cited alongside Gujarat Gas in sell-side coverage of Indian CGD names.
• Mahanagar Gas Limited (MGL): Direct Indian CGD peer supplying PNG and CNG in Mumbai and surrounding areas; comparable business model (domestic PNG, industrial PNG, CNG retail), PNGRB-licensed GAs, and similar regulatory exposure. Together with IGL forms the listed-CGD triumvirate alongside Gujarat Gas.
• Indraprastha Gas Limited (IGL): Direct Indian CGD peer supplying PNG and CNG primarily in Delhi NCR; comparable as a publicly listed city gas distributor with PNGRB-licensed GAs, similar domestic/industrial/commercial mix, and a CNG station network. Closest like-for-like benchmark for Gujarat Gas's CGD economics.

Others

• GSPL Transmission Limited (GTL): Pure-play gas transmission entity demerged from Gujarat Gas on 1 May 2026, housing ~2,800 km of pipeline; comparable as a closely linked infrastructure peer — Gujarat Energy holds a continuing relationship as an anchor customer and shareholder, and GTL's transmission tariffs directly affect Gujarat Energy's landed gas cost.

Emerging players

• Reliance Industries Limited (RIL): India's largest private-sector energy player with KG-D6 gas production, Jio-BP fuel retail including CNG, and emerging CGD presence; comparable as a deep-pocketed emerging CGD competitor and a potential upstream supplier to Gujarat Energy's gas trading desk.
• Petronet LNG Limited: India's largest LNG importer and regasification operator; comparable as a key LNG supply-chain peer for Gujarat Energy's expanded gas-trading business. The QatarEnergy long-term LNG relationship is directly relevant to Petronet's portfolio and to Gujarat Energy's sourcing strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gas4india
• Facebookfacebook.com/gas4india
• LinkedInlinkedin.com/company/gujarat-gas-company-limited-bg-group-
• Instagraminstagram.com/gujaratgaslimited?igsh=NGZ6MzN2NnF3dmJ2

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gujarat Gas Company Limited