GEL/SEC/2026/1630 14th October, 2026

Key Financial Figures

  • Gujarat Energy Limited paid ₹324 crores in dividend to Government of Gujarat for Financial Year 2025-26
  • GSPL Transmission Limited paid ₹60.67 crores in dividend to Government of Gujarat for FY 2025-26
  • Combined dividend payout: ₹384.67 crores for FY 2025-26
  • Previous dividend payouts by Gujarat Gas Limited to Government of Gujarat:
  • FY 2022-23: ₹29.91 crores
  • FY 2023-24: ₹25.46 crores
  • FY 2024-25: ₹26.18 crores
  • Three-year total: ₹81.55 crores

Corporate Restructuring Details

A Scheme of Amalgamation & Arrangement involving GSPC Group of Companies was approved by:

  • Government of Gujarat
  • Board of Directors
  • Shareholders
  • Ministry of Corporate Affairs (final regulatory approval)

The Scheme came into effect from 1st May 2026 with the following changes:

  • Gujarat Gas Limited renamed as Gujarat Energy Limited upon amalgamation of GSPC into GGL
  • Gas Transmission Business demerged from GSPL and now carried out by GSPL Transmission Limited

Ownership Changes

  • Government of Gujarat stake in Gujarat Energy increased from ~6% pre-Scheme to ~38% post-Scheme
  • Government of Gujarat acquired ~38% stake in GSPL Transmission Limited (previously held no direct shares in GSPL)

Shareholding and Dividend Details

| Company | Financial Year | GoG Shares (In Cr.) | Dividend Per Share (Rs.) | Amount (Rs in Crs) |

| GGL | 2022-23 | 4.49 | 6.65 | 29.91 |

| GGL | 2023-24 | 4.49 | 5.66 | 25.46 |

| GGL | 2024-25 | 4.49 | 5.82 | 26.18 |

| GEL | 2025-26 | 36.40 | 8.90 | 324.00 |

| GTL | 2025-26 | 12.13 | 5.00 | 60.67 |

Management Commentary

Shri M. K. Das, Chief Secretary, Government of Gujarat and Chairman of both GEL and GTL stated: "This record payout marks a defining moment for GEL and GTL."

Smt. Avantika Singh, IAS, Managing Director of GEL and Vice Chairperson of GTL expressed: "For years, our ability to maximize dividend payout to the Government of Gujarat was severely limited by our older corporate structure. The Scheme of Arrangement has proved to be the definitive turning point, allowing us to unleash our true financial potential and contribute robustly to the State's growth and development initiatives."

Ceremonial Event

Smt. Avantika Singh, IAS presented the Dividend Payment Cheques to Hon'ble Chief Minister Shri Bhupendra Bhai Patel on 14th October, 2026 in presence of:

  • Hon'ble Minister of Energy & Petrochemicals Shri Rishikesh Bhai Patel
  • Hon'ble Minister of State for Energy & Petrochemicals Shri Kaushik Bhai Vekariya

Senior Government Officers present included:

  • Shri Manoj Kumar Das, IAS, Chief Secretary to the Government of Gujarat
  • Dr. Hasmukh Adhia, IAS (Retd.), Principal Advisor to the Hon'ble Chief Minister
  • Dr. T. Natarajan, IAS, Additional Chief Secretary, Finance Department
  • Shri Ashwini Kumar, IAS, Principal Secretary, Energy & Petrochemicals Department
  • Shri Sanjeev Kumar, IAS, Principal Secretary to the Hon'ble Chief Minister