Company Profile

Gujarat Gas (GGL) and Indian Oil Corporation (IOCL) have signed a non-binding Memorandum of Understanding (MOU) to broaden the scope and accessibility of energy solutions for consumers. This significant alliance between two major players in the energy sector is set to deliver an extensive range of products and services throughout GGL’s authorized areas.

Under the MoU, IOCL will provide liquid fuels at GGL outlets. IOCL will provide Automotive Lubricants, Greases, and Specialties at the GGL outlet. Besides, the company will set up CNG Mother facility at IOCL Outlets and CNG facility at IOCL COCO Outlets.

Gujarat Gas is engaged in City Gas Distribution including sale, purchase supply, distribution, transport, trading in Natural Gas, CNG, LNG, LPG & other Gaseous form through Pipelines, Trucks/ Trains or such other suitable mode for transportation/distribution of Natural Gas, CNG, LNG, LPG & other Gaseous Form.

Gujarat Gas (GGL) and Bharat Petroleum Corporation (BPCL) have entered into a Memorandum of Understanding (MOU). Under the terms of the MoU, GGL and BPCL will collaborate on various fronts to streamline operations and improve service delivery. 

This collaboration entails offering liquid fuels, including petrol and diesel, alongside BPCL's allied petroleum products such as automotive lubricants, greases and specialties, at select GGL outlets.

BPCL will supply automotive lubricants, greases and specialties for sale at both GGL's COCO (Company Owned Company Operated) and franchise outlets. Besides, the companies will expand CNG Infrastructure by setting up of CNG Facility at BPCL COCO Outlets and setting up of CNG Mother Facility at BPCL Outlets.

Gujarat Gas is engaged in City Gas Distribution including sale, purchase supply, distribution, transport, trading in Natural Gas, CNG, LNG, LPG & other Gaseous form through Pipelines, Trucks/ Trains or such other suitable mode for transportation/distribution of Natural Gas, CNG, LNG, LPG & other Gaseous Form.

Gujarat Gas has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 40.65% fall in its net profit at Rs 220.34 crore for the third quarter ended December 31, 2023 as compared to Rs 371.26 crore for the same quarter in the previous year. However, total income of the company increased by 6.59% at Rs 4,107.28 crore for Q3FY24 as compared Rs 3,853.27 crore for corresponding quarter of the previous year. 

On consolidated basis, the company has reported 40.52% fall in net profit at Rs 221.02 crore for Q3FY24 as compared to Rs 371.57 crore for the same quarter in the previous year. However, total income of the company increased by 6.59% at Rs 4,107.28 crore for Q3FY24 as compared Rs 3,853.27 crore for corresponding quarter of the previous year.

Gujarat Gas (GGL) has signed Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation (HPCL) for mutual benefit of each other. HPCL providing Liquid Fuels at GGL Outlets; HPCL providing Automotive Lubricants, Greases and Specialties at the GGL outlet; Setting up of CNG Facility at HPCL COCO/COMCO Outlets and GGL setting up of CNG Mother Facility at HPCL Outlets.

Gujarat Gas is engaged in City Gas Distribution including sale, purchase supply, distribution, transport, trading in Natural Gas, CNG, LNG, LPG & other Gaseous form through Pipelines, Trucks/ Trains or such other suitable mode for transportation/distribution of Natural Gas, CNG, LNG, LPG & other Gaseous Form.

UltraTech Cement’s board has approved Capital expenditure (capex) towards increasing capacity, with a mix of brown field and green field expansion, in order to cater to future growth. The proposed capacity is expected to be added in a phased manner from FY26 onwards. Investment required for the proposed capacity expansion is Rs 13,000 crore. The Board of Directors of the company at its meeting held on October 28, 2023, has approved the same. 

Reliance Industries has reported results for second quarter ended September 30, 2023 (Q2FY24). The company has reported 62.08% rise in its net profit at Rs 11,208 crore for Q2FY24 as compared to Rs 6,915 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.07% at Rs 143,384 crore for Q2FY24 as compared Rs 143,488 crore for the corresponding quarter previous year.  On consolidated basis, the company has reported 28.15% rise in its net profit at Rs 19,878 crore for the quarter under review as compared to Rs 15,512 crore for the same quarter in the previous year. Total income of the company increased by 1.32% at Rs 238,797 crore for Q2FY24 as compared Rs 235,693 crore for the corresponding quarter previous year.

Bharti Airtel has partnered with Microsoft to offer Indian organizations calling services over Microsoft Teams through an integration with Airtel IQ. With Airtel IQ for Microsoft Teams, enterprises will soon be able to enjoy greater flexibility in connecting with customers across the country over fixed line through the internet. This new service will enable enterprises to make and take calls to external users through the Teams experience streamlining communications and collaboration within the flow of work.

Sterlite Technologies (STL) has developed the world’s slimmest fibre for telecommunications - 160-micron Optical Fibre. Commending the technology innovations which are Designed in India and Made in India, Mr Ashwini Vaishnaw, Union Minister for Communications, Electronics & Information Technology & Railways, unveiled this world-leading product at STL’s booth in IMC 2023. 

Gujarat Gas has hiked the industrial gas price to Rs 45.6 per scm to be effective from November 1, 2023. The hike is in line with the recent rise in spot LNG prices.

Thermax’s wholly owned subsidiary -- Thermax Onsite Energy Solutions (TOESL) has planned to infuse Rs 24.94 crore in its wholly owned subsidiary Thermax Energy & Environment Lanka (TEELK).

Bharat Petroleum Corporation (BPCL) has reported results for second quarter ended September 30, 2023 (Q2FY24). The company has reported net profit at Rs 8,501.17 crore for Q2FY24 as compared to net loss of Rs 304.17 crore for the same quarter in the previous year. However, total income of the company decreased by 8.94% at Rs 117,365.48 crore for Q2FY24 as compared Rs 128,890.09 crore for the corresponding quarter previous year. On consolidated basis, the company has reported net profit at Rs 8,243.55 crore for the quarter under review as compared to net loss of Rs 338.49 crore for the same quarter in the previous year. However, total income of the company decreased by 8.83% at Rs 117,332.95 crore for Q2FY24 as compared Rs 128,702.42 crore for the corresponding quarter previous year.