Gujarat Energy Limited

What Gujarat Energy Limited does

Gujarat Energy Limited (erstwhile Gujarat Gas Limited) is a listed Gujarat-based energy company within the Gujarat State Petroleum Corporation (GSPC) group, registered and headquartered in Gandhinagar. Its core activity is regulated city-gas distribution: piped natural gas (PNG) supplied to more than 10.27 lakh domestic households, 2,778 small and medium industrial units and 11,500 commercial and non-commercial setups across more than 15,000 km of pipeline spanning 19 districts in Gujarat. It also retails compressed natural gas (CNG) to the transport segment through a network the company reports as 833+ stations across its operating locations, spanning Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Haryana, Punjab and Dadra & Nagar Haveli (Union Territory), with the CNG business sourced partly through franchisee stations under a Full Dealer Owned Dealer Operated (FDODO) model recruited via an online expression-of-interest process. Alongside distribution, the company operates a gas trading business, an upstream exploration and production (E&P) business, and a wind power generation business.

The physical asset base is complemented by group-level infrastructure: a 5 MMTPA LNG receiving, storage and regasification terminal at Mundra commissioned in 2020 and operated by group company GSPC LNG Limited; gas-fired combined cycle generation of 156.1 MW (2002) and 351 MW (2012) at Sanand through Gujarat State Energy Generation Limited; and 702 MW (two 351 MW units) at Pipavav through GSPC Pipavav Power Company Limited. IT systems supporting transaction processes are provided in-house by group entity Guj Info Petro Limited, and the group also holds an interest in Sabarmati Gas Limited, a joint venture with BPCL distributing city gas across five northern Gujarat geographies (Gandhinagar, Mehsana, Sabarkantha, Patan and Aravalli).

Revenue is overwhelmingly volume- and consumption-based: PNG pricing is metered with published domestic tariff cards and separate retail selling price schedules for industrial and commercial segments, billed monthly, while CNG pricing is enquiry-based and not publicly listed. Go-to-market is a mix of digital self-service (online PNG registration routed through the government's mypng.gov.in portal, iConnect customer portal, iOS/Android mobile applications, quick pay and bill payment, eGram-centre payment support for rural customers) and a dense physical office network spanning roughly 50 field locations in Gujarat and adjoining states, plus dedicated business-development functions for industrial and commercial connections. The company was renamed from Gujarat Gas Limited to Gujarat Energy Limited in 2024 under a Composite Scheme of Arrangement-2024 that amalgamated the erstwhile Gujarat State Petroleum Corporation with the entity, broadening its stated identity from a city-gas utility to a diversified energy group.

Name

Gujarat Energy Limited

Legal name

Gujarat Energy Limited

Website

https://gujarat-energy.com

Company type

Public

Operating status

Operating

Short description

Gujarat Energy Limited (erstwhile Gujarat Gas Limited) is a listed GSPC-group gas utility distributing piped natural gas to over 10.27 lakh domestic households, 2,778 industrial units and 11,500 commercial setups across 19 districts in Gujarat, and selling CNG through 833+ stations spanning seven states and one union territory.

Ownership category

akta.pro rank

Product category

City Gas Distribution

NAICS

Natural Gas Distribution (22121), Pipeline Transportation of Natural Gas (4862), Fuel Dealers (457210)

SIC

Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923), Crude Petroleum & Natural Gas (1311)

akta.pro industry

PRIMARYEUAGABAC

Competitive Retail Natural Gas Supply (Residential & SMB)

Energy, Utilities & Environment/Energy Trading, Marketing & Retail Supply/Retail Energy Supply (Residential & SMB)

SECONDARYEUAGAGAD

Natural Gas Retail Supply (Residential & SMB)

Energy, Utilities & Environment/Energy Trading, Marketing & Retail Supply/Natural Gas Trading, Marketing & Retail Supply

SECONDARYEUAAADAB

Natural Gas Retail Supplier (Competitive) Marketing & Sales

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Natural Gas Utilities & Retail Supply (Marketing & Sales)

SECONDARYEUAAADAF

Aggregator/Brokered Natural Gas Sales (Brokers, Marketers, Aggregators)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Natural Gas Utilities & Retail Supply (Marketing & Sales)

SECONDARYEUALALAD

Gas Supply, Aggregation & Contracting (Producers, Marketers, Tolling, GSA)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Gas-to-Power & Industrial Gas Supply (CNG/LNG for Industry, Captive Power)

SECONDARYEUALALAK

CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Gas-to-Power & Industrial Gas Supply (CNG/LNG for Industry, Captive Power)

Keywords

• City gas distribution
• Piped natural gas
• Compressed natural gas
• Natural gas trading
• Wind power generation

Headquarters

HQ city

Gandhinagar

HQ country

India

HQ region

Asia

Offices57 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Piped Natural Gas (PNG) — Domestic: Volume-based sale of piped natural gas to domestic households against metered consumption, billed monthly via tariff cards and price break-ups; online and eGram-centre bill payment channels support collection.
2. Piped Natural Gas (PNG) — Industrial and Commercial: Retail selling of piped natural gas to small and medium industrial units (2,778 units) and commercial/non-commercial establishments (11,500 setups) with separate retail selling price schedules for each segment.
3. Compressed Natural Gas (CNG): Sale of CNG to transport segment vehicles (3-wheelers, 4-wheelers, small/light/heavy commercial vehicles) through company-operated and franchisee stations (FDODO model) across Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Haryana, Punjab and Dadra Nagar & Haveli.
4. Gas Trading Business: Trading of natural gas as a separate business line alongside city gas distribution, supported by group LNG terminal capacity of 5 MMTPA at Mundra commissioned in 2020.
5. Exploration & Production (E&P) Business: Upstream exploration and production of natural gas, supported by dedicated HSE initiatives for the E&P business.
6. Wind Power Generation Business: Generation of power from wind energy assets, part of the company's diversification into renewable energy.

Pricing tiers

Go-to-market motion3 records

Marketing channels6 records

Core offering

Gujarat Energy Limited (erstwhile Gujarat Gas Limited) distributes natural gas through a city gas distribution network of more than 15,000 km of pipeline across 19 districts in Gujarat, selling metered piped natural gas (PNG) to domestic households, small and medium industrial units and commercial/non-commercial establishments, and compressed natural gas (CNG) to the transport segment through 833+ CNG stations across seven states and one union territory. Alongside distribution, the company runs a natural gas trading business, an exploration & production business and a wind power generation business, supported by group assets including a 5 MMTPA LNG terminal at Mundra and gas-fired combined cycle power plants.

Product overview

Gujarat Energy Limited (erstwhile Gujarat Gas Limited) operates a portfolio rather than a single unified platform: a city-gas distribution core comprising PNG Domestic, PNG Industrial and PNG Commercial, complemented by a large CNG retail network, and extended by upstream and trading activities (Exploration & Production Business, Gas Trading Business) and renewable generation (Wind Power Generation Business). These physical gas and power businesses are wrapped by a digital customer layer — the iConnect customer portal, the Gujarat Energy mobile app, and self-service modules such as Online PNG Registration, Quick Pay / Online Bill Payment, Apply Name Transfer, Update Contact Details and the CNG Saving Calculator — which together let domestic, industrial and commercial customers and CNG users connect, register, meter and pay. Corporate and compliance capabilities (HSE & ESG framework) underpin the whole portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• PNG Domestic Piped natural gas supply to residential households across Gujarat through the city gas distribution network, serving more than 10.27 lakh domestic households. New connections are registered online through the government-linked Online PNG Registration service, and billing is metered with published tariff cards and price break-up documents.
• PNG Industrial Piped natural gas supply for process and boiler fuel to small and medium industrial units in Gujarat, with about 2,778 small and medium industrial customers served. Segment-specific new connection, alteration and extension processes and a published retail selling price schedule apply.
• PNG Commercial Piped natural gas supply for cooking, heating and process energy to commercial and non-commercial establishments, including about 11,500 setups and a dedicated Yarn Heat Setting (YHS) vertical, with a separate retail selling price schedule and new connection process.
• CNG (Compressed Natural Gas) Retail sale of compressed natural gas for the transport segment (3-wheelers, 4-wheelers and small, light and heavy commercial vehicles) through more than 800 CNG stations across Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Haryana, Punjab and Dadra & Nagar Haveli, including COCO/LCNG and mother stations and franchisee stations under the FDODO model.
• Gas Trading Business Trading of natural gas as a separate business line alongside regulated city gas distribution, extending the company into wholesale gas sourcing and resale, supported by group LNG terminal capacity of 5 MMTPA at Mundra commissioned in 2020.
• Exploration & Production (E&P) Business Upstream exploration and production of natural gas, providing the company's own resource base to feed its downstream distribution and trading supply chain, with dedicated HSE initiatives for the E&P business.
• Wind Power Generation Business Generation of electricity from wind energy assets, diversifying the company's energy portfolio alongside its gas businesses.
• iConnect Customer Portal Web-based self-service portal for PNG and CNG customers offering meter reading submission, a nearest CNG station locator, quick bill payment and customer login/registration.
• Gujarat Energy Mobile App Mobile application for Android and iOS providing PNG and CNG customers with bill payment, meter reading submission, CNG station finder and customer-care access.
• Online PNG Registration Online new-connection registration for domestic PNG customers, executed through the government mypng.gov.in portal linked as a service channel from the company website.
• Quick Pay / Online Bill Payment Online bill payment service for PNG and CNG customers, available on the company website, in the iConnect portal and in the mobile app, with eGram centre payment also supported for rural customers.
• Apply Name Transfer (Online) Online facility to transfer a PNG connection into a new customer's name, allowing customer-change processes without an offline visit.
• Update Contact Details Self-service online facility for customers to update registered contact information records against their account.
• CNG Saving Calculator Online tool that estimates the fuel-cost savings of switching a vehicle to CNG, supporting customer acquisition for the CNG network.

Quantifiable outcome

• Serves more than 10.27 lacs domestic households, 2,778 small & medium industrial units and 11,500 commercial & non-commercial setups with piped natural gas.
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Scale indicators15 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Adani Total Gas Limited: India's largest city gas distributor, running PNG networks for domestic, industrial and commercial users plus CNG stations and EV charging stations across many states. It is the closest structural analogue to Gujarat Energy's licensed, authorised-area PNG and CNG franchise model, and a direct competitor for new CGD licences and industrial gas contracts in western India.
• Torrent Gas Limited: Operates city gas distribution (PNG domestic, industrial and commercial) and CNG stations across Gujarat, Uttar Pradesh, Rajasthan, Bihar, Jharkhand, Madhya Pradesh, Odisha and West Bengal. It overlaps directly with Gujarat Energy's core geographies — Surat, Bharuch, Hazira, Ankleshwar, Navsari, Rajkot and Morbi are typical Torrent strongholds — making it the most direct listed comparable.
• Indraprastha Gas Limited: A listed city gas distributor serving residential, commercial and industrial PNG customers and CNG/PNG vehicle users in Delhi NCR and neighbouring states. It offers the same metered PNG plus CNG retail model with strong digital self-service and customer-connection processes, making it a clean benchmark for per-connection economics and service model quality.
• Mahanagar Gas Limited: City gas distribution utility for the Mumbai metropolitan region supplying PNG to domestic, commercial and industrial users along with CNG for transport. Like Gujarat Energy, it is a listed, regulated-area gas distributor monetising a dense urban and industrial customer base with published tariffs and digital billing.
• Himgas Limited: Listed city gas distributor in Uttar Pradesh and neighbouring states with PNG to domestic, commercial and industrial segments plus CNG filling stations, largely under a franchise/dealer model. It is a useful comparable for the franchise-expansion economics that Gujarat Energy applies to its CNG network.
• Rashtriya Gas Services Limited: GSPL-group city gas distribution company with PNG networks and CNG stations in Gujarat and other states, serving similar residential and industrial customers under authorised areas. It is a highly relevant peer given comparable geography, customer mix and parent-group affiliation.

Broad incumbents

• GAIL (India) Limited: India's largest gas company, combining upstream production, gas transmission, trading, LNG regasification and city gas distribution through subsidiaries. It is both a supplier/partner in Gujarat Energy's gas value chain and a broader incumbent whose trading and CGD activities overlap with Gujarat Energy's gas trading and distribution lines.
• Indian Oil Corporation Limited: One of India's largest oil marketing companies operating an extensive company-operated and dealer-owned CNG/LNG fuelling network nationwide. It competes directly with Gujarat Energy's CNG retail business for transport-segment volumes and for franchise partners in the same highway corridors.

Emerging players

• Paytm Gas Limited: A newer entrant building PNG city gas networks in Haryana, Jammu & Kashmir, Punjab and Madhya Pradesh with digital-first customer acquisition and on-demand PNG delivery. It is an emerging player competing for the same domestic PNG connection growth that Gujarat Energy is targeting in its adjacent-state expansion.

Others

• Aegis Logistics Limited: Operator of the Santra LNG terminal and a gas distribution and trading arm (Aegis Gas) serving industrial customers in western India. It is an adjacent participant in LNG regasification, gas sourcing and industrial offtake — the same value-chain positions Gujarat Energy's Mundra terminal, gas trading and PNG businesses occupy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gujaratgasltd?s=11
• Facebookfacebook.com/gujaratgaslimited
• LinkedInlinkedin.com/company/gujarat-gas-limited
• Instagraminstagram.com/gujaratgaslimited?igsh=NGZ6MzN2NnF3dmJ2

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 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 Energy Limited