The Board of Directors of Gujarat Gas Limited, in its meeting held on April 29, 2026, approved a significant corporate restructuring under a Composite Scheme of Arrangement. This scheme involves the merger of Gujarat State Petroleum Corporation Limited (GSPC), Gujarat State Petronet Limited (GSPL), and GSPC Energy Limited (GEL) into the company. As a central part of this transition, the Board sanctioned the change of the company’s name from “Gujarat Gas Limited” to “Gujarat Energy Limited,” pending final regulatory approvals.

Gujarat Gas Limited, a Government of Gujarat undertaking, is India’s largest City Gas Distribution (CGD) company. The company operates an extensive pipeline network to provide Compressed Natural Gas (CNG) to vehicles and Piped Natural Gas (PNG) to domestic, commercial, and industrial segments. In late 2025, the company focused on expanding its infrastructure, reaching a record CNG vehicle base of nearly 17 lakh vehicles and planning to surpass 1,000 CNG stations within three years. Strategic initiatives in 2025 also included signing a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to enhance energy solution accessibility.

The board meeting notice further detailed the issuance of 62,27,14,719 new equity shares of INR 2 each to the shareholders of GSPC and GSPL. Specifically, GSPC shareholders will receive 10 shares for every 305 shares held, while GSPL shareholders will receive 10 shares for every 13 shares held. This issuance follows the high-court and MCA-sanctioned scheme intended to streamline the state’s energy infrastructure under a single unified entity. The record dates for these share exchanges have been set for May 12, 2026.

For the quarter ended December 31, 2025, the company reported a consolidated net profit of INR 266.84 Crores, representing a 20.75% increase from INR 220.99 Crores in the corresponding quarter of the previous year. However, revenue from operations for the same period saw a decline of 11.91%, falling to INR 3,658.41 Crores from INR 4,152.89 Crores in December 2024. On a sequential basis, the profit slightly decreased from INR 279.81 Crores in the September 2025 quarter. Notable institutional investors and “famous” shareholders associated with the company’s broader group include Life Insurance Corporation of India (LIC), which maintains significant stakes in various major Indian public sector undertakings.