Gujarat Gas Latest Updates

Gujarat Gas reported its financial results for Q1 FY26, showing a mix of growth and decline. The company's revenue from operations was ₹4,289 crore, showing a slight decrease compared to the previous quarter but a significant increase on a year-on-year basis. However, the company's net profit for the quarter was ₹327.64 crore, which was a marginal dip compared to the same period last year. A notable positive for the quarter was achieving its highest-ever CNG volume of 3.33 mmscmd. The company is strategically focused on expanding its infrastructure and reach. Gujarat Gas is actively working on new projects and has issued several Expressions of Interest (EOI) for the empanelment of contractors for various works, including the laying of PE-PNG pipelines and the construction of new CNG and LCNG stations. These initiatives are part of a broader plan to expand its City Gas Distribution (CGD) network across its authorized areas in six states and one Union Territory. A significant corporate development is the ongoing process of the merger between Gujarat State Petroleum Corporation (GSPC) and Gujarat Gas. The state government has granted its approval, and the final stages of the amalgamation are expected to be completed by October 2025. This move is aimed at consolidating the energy business under the GSPC group and is expected to create synergies that could boost the valuation and operational efficiency of the combined entity.