BUSINESS PROFILE :
Gujarat State Petronet (GSPL) promoted by Gujarat State Petroleum Corporation (GSPC), is into developing energy transportation infrastructure and connecting natural gas supply basins and LNG terminals to growing markets.
Formed in 1998, the company is into a continuous expansion mode in Gujarat in order to reach demand centres by laying gas pipeline network. The primary objective of the company is to connect various supply sources and users of natural gas in Gujarat through gas pipeline network.
GSPL commenced transporting natural gas following completion of the first segment of network in November 2000.
The company has association with technical project management, financial and legal consultants in energy consultancy for conceptualizing and developing an extensive pipeline network. For execution of projects, their associates are pipeline contractors of India.
Beginning from design to planning to coordination, GSPL conducts energy transportation projects across Gujarat. Some companies and consultants working with GSPL include Tractebel, Dorsch, Valdel, Jacobs H & G, EIL, PWC, Amarchand Mangaldas, etc. Contractors like L & T, Essar Constuctions, Gammon-EIL Consortium, Aban, Jaihind, Invnesys and Commtel Networks are their partners in work execution.
Financials
Gujarat State Petronet registered a 78.52% growth in net profits to Rs 192.80 million for the quarter ended in March, 2007 from a profit of Rs 108.00 million for the quarter ended in March, 2006.
Net Sales for the quarter rose 23.20% to Rs 831.20 million for the quarter ended March, 2007 from Rs 674.70 million for the quarter ended March, 2006.
Total income rose 25.49% to Rs 881.2 million for the quarter ended March, 2007, from Rs 702.2 million for the quarter ended March, 2006.
The earnings per share (EPS) of the company stood at Rs 0.35 in the quarter ended March, 2007.
|
