Gujarat State Petronet Approves Investment in GSPL India Gasnet to Accelerate Pipeline Projects

GSPL Deepens Infrastructure Play With Strategic Investment in GIGL  
Gujarat State Petronet Ltd (GSPL), a key player in India’s gas transmission network, has announced its decision to invest further in GSPL India Gasnet Ltd (GIGL), its joint venture company. As per its regulatory filing with the National Stock Exchange (NSE), the Board approved subscription to GIGL’s rights issue of redeemable cumulative preference shares. This investment will fund critical pipeline projects including Mehsana-Bhatinda and Bhatinda-Gurdaspur.

GSPL will retain its 52% stake in GIGL post-investment, while other JV partners—Indian Oil Corporation (26%), Bharat Petroleum Corporation Ltd (11%), and Hindustan Petroleum Corporation Ltd (11%)—continue their participation. The move aligns with GSPL’s long-term strategy to strengthen India’s energy infrastructure and ensure timely execution of cross-country pipeline mandates.

Key highlights  

• GSPL approves investment in GSPL India Gasnet Ltd (GIGL)  
• Shareholding remains unchanged at 52% post-investment  
• Funds to support Mehsana-Bhatinda and Bhatinda-Gurdaspur pipeline projects  
• JV partners include IOCL, BPCL, and HPCL  
• Disclosure made via NSE under SEBI LODR Regulation 30  

Sources: NSE India, GSPL Investor Filings, Business Standard, Moneycontrol, Economic Times