Gujarat Natural Resources

Name

Gujarat Natural Resources

Legal name

Gujarat Natural Resources Limited

Website

https://gnrl.in

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Upstream Oil & Gas Production

NAICS

Natural Gas Extraction (211130), Crude Petroleum Extraction (21112)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)

akta.pro secondary industries

Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH), Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)

Keywords

• Upstream oil and gas
• Hydrocarbon exploration
• Oil and gas production
• Enhanced oil recovery
• Cambay basin operations

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Oil and Gas Production Sales: Revenue generated from the sale of crude oil and natural gas produced from 6 producing blocks in Cambay basin through the step-down subsidiary GNRL Oil & Gas Limited
2. Technical Consultancy Services: Technical advisory services provided to subsidiaries and other clients in Cambay basin through exclusive agreement with Ajapa Integrated Project Management Consultancy Private Limited for well engineering and drilling project management

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Gujarat Natural Resources Limited is an upstream oil and gas company engaged in the exploration, development, and production of crude oil and natural gas from Cambay Basin assets in Gujarat, India, through its wholly-owned subsidiary GNRL Oil & Gas Limited. It operates six producing fields (Kanawara, North Kathana, Allora, Dholasan, North Balol, and Unawa) and additionally offers petroleum industry consultancy services covering field operations, reservoir management, and production optimization.

Product overview

Gujarat Natural Resources Limited (GNRL) is an upstream oil and gas company operating through its step-down subsidiary GNRL Oil & Gas Limited. The company manages 6 producing blocks in the Cambay basin with participating interests ranging from 30% to 100%, including Kanawara (30%, JV with GSPC), North Kathana (100%), Allora (100%), Dholasan (100%), North Balol (30%, JV with HOEC and GSPC), and Unawa (100%). GNRL also provides technical consultancy services including well engineering and drilling project management through partnerships with specialized service providers.

Differentiator

Problem solved

Functional benefit

Products and services

• Kanawara Field Production

Quantifiable outcome

• 600% oil production increment and 300% gas production increment from new wells at Kanawara field
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Gujarat State Petroleum Corporation Limited (GSPC)coreStrategic or Co-development PartnerGSPC is the primary joint venture partner for several blocks. In Kanawara, GSPC holds 70% participating interest while GNRL Oil & Gas operates. GSPC previously held interests in North Kathana, Allora, Dholasan, Unawa, and North Balol (45%) blocks, with PI assigned to GOGL through PSC amendments in August 2021. GSPC has been a long-standing partner since PSC signing in 2001.
• Hindustan Oil Exploration Company (HOEC)coreStrategic or Co-development PartnerHOEC is the operator for the North Balol block with 25% participating interest, alongside GSPC (45%) and GNRL Oil & Gas (30%). HOEC brings exploration and production expertise to the joint venture for gas field development in North Balol covering 27.3 sq.km area.

Scale indicators7 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• ONGC (Oil and Natural Gas Corporation): ONGC is India's dominant national upstream E&P company. It is comparable as a broad incumbent in the same upstream oil and gas category, with overlapping regulatory framework (PSC/DGH) but vastly larger asset base and capital.
• Oil India Limited: Oil India is a large Indian PSU engaged in upstream E&P of crude oil and natural gas domestically. It is comparable as a broader incumbent in the same upstream category, though at significantly larger scale than GNRL.
• Cairn Oil & Gas (Vedanta): Cairn (a Vedanta group company) is one of India's largest private-sector upstream oil and gas producers. It is comparable as a broad incumbent in Indian upstream E&P, with overlap in domestic production strategy and PSC operating context.
• Aban Offshore: Aban Offshore operates offshore drilling and production assets serving Indian E&P operators. It is comparable as a broader Indian upstream-services incumbent, though focused offshore rather than the onshore Cambay basin where GNRL operates.

Direct peers

• Selan Exploration Technology: Selan is a small-cap Indian upstream company that acquires, develops, and produces from marginal/stranded onshore fields using EOR techniques — almost identical in business model, asset strategy, and technology profile to GNRL.
• Gujarat State Petroleum Corporation (GSPC): GSPC is GNRL's long-standing JV partner (70% in Kanawara, 45% legacy in North Balol) and an Indian state upstream player operating in the same Cambay basin. It is directly comparable as a domestic Indian E&P operator with overlapping acreage.
• Hindustan Oil Exploration Company (HOEC): HOEC is a listed Indian upstream E&P company and is GNRL's JV partner and operator of the North Balol block. It is directly comparable as a small/mid-cap onshore Indian operator focused on producing and redeveloping mature hydrocarbon fields.

Emerging players

• Asian Oilfield Services: Asian Oilfield Services provides geophysical, drilling, and production services to Indian and international E&P operators. It is comparable as a small-cap Indian upstream-services peer that benefits from the same drilling/EOR capex cycle as GNRL.
• Jindal Drilling and Industries: Jindal Drilling provides onshore/offshore drilling services to Indian upstream operators including those in the Cambay basin region. It is comparable as a domestic player exposed to the same upstream activity ecosystem, though positioned as a service provider rather than operator.

Others

• Confidence Petroleum India: Confidence Petroleum is an Indian downstream natural gas player (CNG, LPG, CGD). It is comparable only thematically as an India-focused natural gas company with exposure to gas demand growth that GNRL's gas production ultimately feeds into.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gujarat-natural-resources-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Gujarat Natural Resources