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GSPC Gas to pick up stake in Vadodara Gas

Oil & Gas
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November 1, 2014November 1, 2014
GSPC Gas to pick up stake in Vadodara Gas

GSPC Gas, a subsidiary of Gujarat State Petroleum Corp (GSPC), is looking to pick up stakes in Vadodara Gas Co (VGCL), which services the Vadodara municipality area, and Sabarmati Gas (SGL) that supplies gas in three northern districts. VGCL is a 50:50 joint venture between GAIL Gas and Vadodara Mahanagar Seva Sadan (VMSS), the municipal corporation of Vadodara. GSPC Gas is in advanced talks with GAIL to buy its entire 50 per cent stake.

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