owns and operates a network of pipelines for the nationwide transmission of gas from gas fields that are primarily concentrated in the eastern part of the country.
Implementing agency : Gas Transmission Company Limited (GTCL
The Board of Gujarat Gas Company has granted approval to the merger and arrangement between the Company, Gujarat Gas Financial Services (GFSL), Gujarat Gas Trading Company (GTCL), GSPC Gas Company(GSPC Gas) and GSPC Distribution Networks (GDNL) through a High Court endorsed Composite Scheme of Amalgamation and Arrangement under Sections 391 -394 read with Sections 100 103 and other applicable terms of the Companies Act, 1956 and informed sections of Companies Act, 2013 (the Scheme).
The Company, GFSL, GTCL, and GSPC Gas would accordingly be merged with GDNL.
If the planned integration of Gujarat Gas with GSPC Distribution Networks (GDNL), GSPC Gas, Gujarat Gas Financial Services (GFSL) and Gujarat Gas Trading Company (GTCL
) wins approval during the board meeting on Monday, Asia's next major city gas distributor would emerge from Gujarat soon.
The Board of Directors of Gujarat Gas Company Ltd has approved in-principle the planned integration through the merger of the firm with GSPC Distribution Networks Limited ('GDNL'), GSPC Gas Limited ('GSPC Gas'), Gujarat Gas Financial Services Limited ('GFSL') and Gujarat Gas Trading Company Limited ('GTCL
'), viz., the firms engaged in City Gas Distribution business via planned consolidation.
Officials present at the functions were Bangladesh Gas Fields Company Limited (BGFCL) Managing Director Md Nurul Absar, BAPEX Managing Director M A Baki, GTCL
Managing Director Md Aminur Rahman, BGFCL General Manager (Operation) Eng.
An official at Gas Transmission Company Limited (GTCL) said works are advancing fast, as the priority projects of the government, the company is trying its best to complete the work on schedule.
He said GTCL is expected to conclude the project on October 29.
The implementation agency for a gas transmission pipeline installation project of the state-owned Gas Transmission Company Limited (GTCL
) has been accused to have violated the standard rules and practices that are reflected in its own project format.