History of Gujarat Gas Comp. Ltd.
1980
- The Comp. was incorporated on 17th January under the name of Gujarat Amico Chem limited and obtained the Certificate for Commencement of Business on 14th August, 1980. It was promoted by Mafatlal Fine Spinning and Manufacturing Co. limited & GIIC limited to implement the Ankleshwar and Bharuch National Gas distribution project by entering into an agreement on 21.12.1987.
- The Comp. became a subsidiary of MIL on acquisition of 6,12,000 equity shares of Rs 10 each effective 28.1.1991. The Comp. was allotted [1s] 1,70,000 CMD of national gas for Ankleshwar Branch project & [bs] 3,00,000 CMD of national gas for Surat project.
1988
- The name was changed to Gujarat Gas Co. limited on 8th June.
1991
- In October, the Comp. had offered for subscription 101 lacs Equity Shares of Rs.10/- each for cash at par out of which 46.55 lacs Equity Shares were issued to the Indian Public & the employees of the Company as also those of Promoter Companies.
1992
- During the year, the Comp. consolidated its natural gas distribution operations at Ankleshwar/Bharuch & started the distribution activities at Surat.
- At Ankleshwar/Bharuch, the Comp. has committed to 152 industrial, 8814 domestic & 196 commercial consumers upto 31st May, involving quantity of more than 177000 Cubic Meters per Day [CMDs].
- The Comp. is also planning to enter the area of supply of Compressed Natrual Gas [CNGs] to vehicles as a fuel to substitute petrol/diesel.
- The Comp. is implementing a pilot project at Surat for converting about 500 petrol driven cars to CNG.
- The Comp. has also set up an adequately equipped Research and Development Centre to improve locally available materials/equipments and develop new ones required for safe & efficient gas distribution projects.
- The Comp. has also set up a Training Centre at Bharuch & a full fledged Human Resource Development department.
- The Comp. commissioned its first CNG station at Surat unit in the month of June.
1993
- The Comp. has introduced two major systems of Cost Planning and Control viz. Budgetory Control System & Activity Based Costing System.
- The Comp. has installed 1 MW capacity unit at lamba near Porbandar.
- The Comp. has developed a comprehensive computer network which keeps all the records of customers & helps in responding to their complaints & other needs instantly.
- Gas Chromatograph facility has been established to analyse Natural Gas composition, Calorific value, Spec. Gravity, Odourant level & H2S content.
- The first wind power generation project of 1 MW capacity at Lamba near Porbandar was commisioned in September.
1994
- During the year, the Comp. has been able to achieve 100% capacity utilisation with respect to gas distribution quantity of 1.7 lacs cubic mtrs. per day on committed/fall back basis.
- In view of encouraging response from the customers, second CNG station at Surat is being set up & will be commissioned during 1994-95.
- It is planned to set up a Joint Venture Comp. with Bharat Petroleum Corporation limited [BPCLs] for development of import terminals at some existing/new ports alongwith suitable infrastructure facilities.
- The Comp. has decided to enter parallel marketing of LPG & other petroleum products.
- It is planned to set up two LPG Bottling plants, one near Ahmedabad and second near Rajkot.
1995
- The Comp. received an additional commitment of 50,000 CMD of gas from Gujarat State Petroleum Corporation limited The wind farm project near Porbandar generated 981875 units.
- The Comp. realised 6374 domestic connection & 419 commercial/industrial connections. In 1996 additional 10068 domestic customers were connected during the year & only a 11 new industrial customers were connected. The Comp. received an additional supply of 50,000 CMD from GSPCL from the Hazera field.
- The wind power machines produced 1,21,955 units. Both the bottling plants viz. Lodhika near Rajlot & Sanand near Ahmedabad of the company were commissioned in the previous year & maintained an uninterrupted gas supply to its customers. - The Comp. undertook to implement a project for laying an underground pipeline network & other associated installation for distribution of 45,200 CMD of natural gas to commence at Ankleshwar & Bharuch.
- Petroleum Infrastructure Ltd.: it is a joint venture between Bharat Petroleum Corporation Ltd and the company. The joint venture implemented a project at Okha to create infrastructure facilities for import receipt & storage of LPG.
- UGI Gujarat Gas India Ltd.: This is a joint venture between the company & UGI of U.K. The plant at Pune was commissioned in June 1996 & quality gas meters were produced.
- The Comp. entered into a MOU with a British power generating and distributing Comp. namely Eastern Generation Ltd.
- Gujarat Gas Financial Services limited is a subsidiary of Company.
1996
- As a long term growth in natural gas the Comp. entered into a MOU with Enron for market development for importing liquefied natural gas. The MOU proposed to reserve 0.9 MMTPA for gas distribution.
- During the year, the Comp. received an additional commitment of 50000 CMD of gas from Gujarat State Petroleum Corporation Limited [GSPCLs] from their Hazira Gas field from July, 1995.
- As the members are aware, the Comp. has decided to acquire 78% of the equity share of Tripura Natural Gas Comp. Limited [TNGCLs] & has taken various effective steps to start implementation of gas distribution project at Agartala.
- During the year, the Comp. opened a new CNG Dispensing Station at Ankleshwar industrial area.
- During the year, GFSL has introduced many new & innovative financing schemes for Natural Gas & LPG customers.
- The Comp. has formally introduced Total Quality Management [TQMs] programme during the year & it is expected that within 2 to 3 years time period, the customer service standards practiced by Company will be comparable to the best standards internationally.
- The Comp. during the year, conducted the Employee Satisfaction Survey through a leading consultancy firm & have taken steps to improve satisfaction levels within the organisation.
1997
- Gujarat Gas has a joint venture with BPCL for bottling LPG along with two plants & as such provides British Gas with an ideal vehicle to launch its Indian operation.
- GGCL has entered into a joint venture with BPCL to set up infrastructure at minor ports & they have set up a port at Okha in Gujarat where 100,000 tonnes of LPG will be imported.
- The gas company, promoted by Mafatlals & the Gujarat Industrial Investment Corporation [GIICs], is supplying natural gas through a network of pipelines in Surat, Ankleshwar & Bharuch.
- Enron has signed an MoU for three joint ventures [50:50 eachs] with Gujarat Gas for importing & transporting LNG [liquefied natural gass], and for a power plant.
- GGCL is a joint sector Comp. of Gujarat Industrial Investment Corporation [GIICs] & the Mafatlal group.
- GGCL has an agreement with a Qatar-based subsidiary of Enron for the supply of liquefied natural gas for its grid.
1998
- The Comp. proposed to embark on a major expansion of its gas distributing activities.
- The Comp. has entered into a Memorandum of Understanding with Enron for market development for importing Liquefied Natural Gas [LNGs].
- Gujarat Gas Comp. Ltd [GGCLs], is the largest private sector gas distribution Comp. in India.
- GGCL has another joint venture with UGI Meters Ltd part of the British Hanson group to make meters to monitor the consumption of gas.
1999
- Gujarat Gas Comp. [GGCLs], a subsidiary of British Gas Asia Pacific Holding Pte Ltd, is eyeing more markets in Gujarat for gas distribution.
- Gujarat Gas Comp. Ltd [GGCLs] has entered into a memorandum of understanding with Pune-based engineering major, Thermax Ltd, for manufacturing gas-based air-conditioners.
- GGCL subsidiary, Gujarat Gas Financial Services Ltd [GGCLs], will be providing the finance for production of these ACs.
- Gujarat Gas has signed an MoU with Gujarat Pipavav Port Limited & a subsidiary of British Gas to receive about 3.6 million SCMD of gas by 2002-03.
- Gujarat Gas Comp. Ltd, a subsidiary of British Gas, is understood to be in talks with Interlink Petroleum Ltd & Larsen and Toubro for acquiring their equity stake in two gas fields in Gujarat.
- An agreement has been signed with Gujarat State Petronet limited under which Gujarat Gas will transport natural gas beginning in the second half of 2001 from the Hazira field of Gujarat State Petroleum Corpn.
2000
- Gujarat Gas Comp. Ltd., a subsidiary of British Gas, has appointed Mr. Robert Thomas as its new Managing Direcor replacing Mr Edwin Bowles.
- British Gas subsidiary, Gujarat Gas Comp. Ltd., has signed a 10-year gas transmission arrangement with Gujarat State Petronet limited
- The Comp. has signed a gas sales agreement with Search Chem Limited whereby GGCL will supplly two lakh twenty five thousand cubic metre of natural gas to Search Chem at Jhagadia. 2002
- Gujarat Gas Comp. accepted the resignation of Mr Angus McCallum.The Board of Directors has in its meeting held today [March 9, 2002s] appointed Mr Antony Seigel as additional Director.
2002
-Gujarat Gas Comp. Ltd has informed that British Gas Asia Pacific Holdings Pte Ltd [BGAPHs], has nominated Mr. B S Shantharaju as the Managing Director of Comp. with effect from March 1, 2003.Mr. Robert Thomas, the existing nominee of BGAPH will continue to be in office till February 28, 2003.
2003
-Mr B S Shantharaju has been appointed as new MD of Gujarat GasCompany Ltd.
-Gujarat Gas Co. has signed an agreement with Gujarat State Fertilisers & Chemicals Ltd for the supply of 0.15 million standard cubic meters of gas per day.
-Mr.Ajit Kapadia has been appointed as the Additional Director on the board of company.
-Gujarat Gas Co Ltd has signed an agreement with GardenSilks Mills Ltd for supply of 0.166million standard cubic meters of gas per day
-Gujarat Gas Comp. Ltd has has appointed Mr Anil Mukim as an Additional Director.
-Gujarat Gas Comp. Ltd has signed an agreement with Gujarat State Petroleum Corporation Ltd [GSPCLs] for purchase of upto 0.50 million standard cubic meters of gas per day
2004
-Gujarat Gas signs RoU Agreement with Gujarat Industrial Development Corporation
-Bank launches country first international gold debit card providing benefits like comprehensive insurance cover & zero surcharge at petrol pumps on December 9, 2004 .
2005
-Gujarat Gas signs gas sales contract
2007
-Gujarat Gas has appointed Mr. Shaleen Sharma as the Managing Director of Comp. for a period of 5 [fives] years with effect from July 01, 2007.
- The Comp. has splits its face value from Rs10/- to Rs2/-.
2008
- Gujarat Gas Comp. Ltd has informed that the Board of Directors of Comp. at its meeting held on January 31, 2008, has appointed Mr. Rajeev Khanna as an additional director of Company.
- Gujarat Gas Co. Ltd has informed that Mrs. Rajeshwari Sharma has been appointed as the Comp. Secretary of Comp. with effect from February 08, 2008.
2008
- Gujarat Gas Comp. Ltd has informed that the Board of Directors of Comp. at its meeting held on December 16, 2008 has appointed Mr. Alan Derek Fisher as the additional director of Comp. with effect from November 21, 2008.
