Gujarat Gas Ltd

Gujarat Gas Update 📊: Demerger Timeline, Capex Plans & Market Shifts

- Demerger of transmission business to Gujarat Transmission Ltd (GTL) expected in 6-7 months

- Annual capex planned at ₹800-1,000 crore

- GSPC revenue dropped to ₹12,200 crore in 9 months of fiscal 2026 from ₹15,600 crore year-on-year

- CGD volumes declined to 8.63 mmscmd from 9.73 mmscmd year-on-year, mainly due to reduced demand in Morbi clusters

- Both GGL and GSPC are debt-free

- Liquidity remains strong with over ₹1,500 crore cash and bank balance as of March 2025