About
Basic Data Updated:
18 days agoThe birth of Gujarat State Energy Generation Limited can be traced back to 1998 when it was incorporated with the joint efforts of GSPC (Gujarat State Petroleum Corporation Ltd) and KRIBHCO (Krishak Bharati Co-operative Ltd). The company's main focus is on the generation of electricity through the use of gas. Its flagship project, a 156.10 MW gas based Combined Cycle Power Plant (CCPP), was commissioned in 2002 at Hazira in Surat. Recently, GSEG made a significant announcement regarding the expansion of its operations. It has successfully commenced commercial operations of an additional 351.43 MW gas based CCPP, which is located adjacent to its existing plant at Hazira. This expansion is a testament to the company's commitment towards providing efficient and reliable energy solutions. In order to ensure a steady supply of power, GSEG has entered into long-term Power Purchase Agreements (PPA) with GUVNL (Gujarat Urja Vikas Nigam Limited) for both of its power plants. This strategic partnership allows the company to fulfill its mission of providing uninterrupted power to the people of Gujarat.
Industry
Company Details
- Location
Gandhi Nagar, Gujarat, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U40100GJ1998SGC035212 |
| Company No. | 035212 |
| Company Classification | Public Limited State Government Company |
| Incorporation Date | 30 Dec 1998 |
| Date of AGM | 22 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Ahmedabad |
Financials of Gujarat State Energy Generation Limited
Gujarat State Energy Generation Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 61.52% decrease. The company also saw a substantial fall in profitability, with a 28.98% decrease in profit. The company's net worth moved up by a moderate rise of 4%.
Corporate Structure
Unlock access to Gujarat State Energy Generation's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Gujarat State Energy Generation Limited
Unlock and access historical data on people associated with Gujarat State Energy Generation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (3)
SJ
Santosh Joshi
CEOStatus: Current
SS
Shailesh Sivadasan CFOAppointment Date: 23-Feb-2015
Status: Current
KO
Kalpesh Oza Company SecretaryAppointment Date: 13-Oct-2015
Status: Current
Board Members(9)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 31 Mar 2011 | ₹200.00 Cr | Open |
Dena Bank Creation Date: 30 Mar 2010 | ₹750.00 Cr | Satisfied |
Central Bank Of India (For Other 4 Bankers Pl See Annexure-I) Creation Date: 09 Jan 2009 | ₹177.47 Cr | Satisfied |
Deals i
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Rating
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Alert
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Recent activity within the organization
Annual General Meeting
Gujarat State Energy Generation Limited last Annual general meeting of members was held on 22 Sep 2023 as per latest MCA records.
22 Sep 2023Director Appointment
Milind Shivaram Torawane was appointed as a Director was appointed as a Director on 10 Apr 2023 & has been associated with this company since 1 year 1 month .
10 Apr 2023Balance Sheet
Gujarat State Energy Generation Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
31 Mar 2023Director Appointment
Swaroop Sanandam Prithvi was appointed as a Director was appointed as a Director on 21 Jul 2022 & has been associated with this company since 1 year 9 months .
21 Jul 2022Charges
A charge with Others of Rs. 200.00 cr registered on 31 Mar 2011 with Charge ID 10281646 was modified on 25 Aug 2020.
25 Aug 2020
Recent News, Updates & Announcement
GSPCs drilling project gets eco clearance.Business Line 01 Dec 2017
- Petronet LNG Shifts Focus to Ennore Terminal Stake Negotiations with IOC Ongoing.
Petronet LNG Ltd has decided not to buy 25 stake in GSPCs Mundra LNG terminal and instead wants IOC to give them 25 stake in the Ennore terminal GSPC first offered the stake to IOC but they only wanted 2526 Now IOC is willing to take a higher stake Adani group holds 25 interest in the Mundra terminal Petronet operates two terminals on the west coast and wants to expand in the east Talks are ongoing.
Times Of India 12 Nov 2017
- ONGC board okays GSPC deal.
Business Standard 24 Feb 2017
- GSPL to supply gas to Maruti Honda plants.
Business Line 07 Feb 2017
- ONGC cleared GSPC deal without enough independent directors.
Business Standard 30 Dec 2016
Frequently asked questions
What is the Incorporation or founding date of Gujarat State Energy Generation Limited?
