Introduction:
PSU stock has secured approval to expand its high-pressure gas grid by laying a 274 km pipeline. With a capacity of 12 MMSCMD, the project aims to enhance connectivity and boost infrastructure, strengthening its position in India’s growing natural gas sector.
Share Price movement of Gujarat State Petronet:
On March 17, 2025, Gujarat State Petronet Limited opened at ₹277.30, reaching a high of ₹281.05, up 1.12% from its previous close of ₹272.50, with a low of ₹275.00. The stock is currently trading at ₹275.55, with a market cap of ₹15,546.84 crore.
Gujarat State Petronet share price rise:
Gujarat State Petronet Limited (GSPL) has received approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) for expanding its High-Pressure Gujarat Gas Grid. The project involves laying the Anjar-Palanpur pipeline, a 274 km expansion with a 30-inch diameter and a capacity of 12 MMSCMD.
The pipeline will originate from Anjar, Gujarat, connecting to GSPL’s existing 36″ Mundra-Arpar pipeline and terminating at Palanpur in Banaskantha, linking with MBPL. The project, with an estimated cost of ₹2,051.18 crore, is scheduled for completion within three years, with costs accounted for separately from GSPL’s overall capex.
Following this expansion, GSPL’s total High-Pressure Gujarat Gas Grid capacity will increase to 44.76 MMSCMD, subject to final regulatory assessment. All existing authorization conditions will remain unchanged as per the original grant issued in July 2012 and subsequent amendments.
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Stock performance of Gujarat State Petronet for Period of 1 week, 6 months and 1 year:
Gujarat State Petronet’s stock declined by 2.59% over the past week, reflecting short-term weakness. Over six months, it dropped 32.1%, indicating continued volatility. The stock has fallen 19.6% in the past year, highlighting extended bearish trends and investor concerns about its performance.
Shareholding pattern of Gujarat State Petronet:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 37.63 | 37.63 | 37.63 |
| FII | 14.67 | 15.21 | 15.84 |
| DII | 25.8 | 24.87 | 23.57 |
| Retail & others | 21.91 | 22.29 | 22.96 |
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About Gujarat State Petronet:
Gujarat State Petronet is a leading natural gas transmission company, operating a high-pressure pipeline network across Gujarat. It ensures efficient gas transportation to industries, power plants, and city networks, playing a vital role in India’s energy sector and promoting cleaner fuel usage.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
