GSPL India Transco Ltd. (GITL) is a Special Purpose Vehicle (SPV) incorporated on October 2011, which is a consortium of Gujarat State Petronet Limited (GSPL) now GSPL Transmission Limited (GTL) holding 52% equity, Indian Oil Corporation Limited (IOCL) - 26%, Bharat Petroleum Corporation Limited (BPCL) – 11% & Hindustan Petroleum Corporation Limited (HPCL) – 11%.
Petroleum and Natural Gas Regulatory Board (PNGRB) has authorized GITL to construct 1,881 km cross country natural gas pipeline from Mallavaram in Andhra Pradesh to Bhilwara in Rajasthan (MBBVPL). Once fully developed the pipeline will be connected to majority of gas sources in india and will cater to customers in 6 states namely Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh, Rajasthan and Gujarat.
About Promoters:
Gujarat State Petronet Limited (GSPL)
GSPL, a listed company of GSPC Group was set up as a gas transmission company to mark the presence of GSPC across entire gas value chain. Apart from Exploration & Production, GSPC Group has interest in gas trading, power generation and it is the largest player in the city gas distribution business.
GSPL is the 2nd largest gas transmission company in India with pipeline network of approximately more than 2,500 KMs connecting 25 districts in Gujarat and transmits 35 MMSCMD of gas. The gas grid is well equipped with the latest technology and designed for bi –directional flow. GSPL gas grid is connected to all possible gas sources in Gujarat which give a lot of flexibility to end users for utilization of multiple supply points.
Indian Oil Corporation Limited (IOCL)
Indian Oil is India's flagship national oil company with business interests straddling the entire hydrocarbon value chain – from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals. It is the leading Indian corporate in the Fortune 'Global 500' listing, ranked at the 83rd position in the year 2012.
Indian Oil and its subsidiary account for over 49% petroleum products market share, 31% national refining capacity and 71% downstream sector pipelines capacity in India.
Bharat Petroleum Corporation Limited (BPCL)
BPCL is among the Top 10 Brands of India and “Fortune Global 500” Company in the year 2011-12. BPCL has refining share of 15.07% of the installed capacity in India, interest in 28 E&P Blocks in India and abroad and has presence in City Gas Distribution, LNG Terminals & Pipelines through various joint ventures.
Hindustan Petroleum Corporation Limited (HPCL)
HPCL , a central PSU with Navratna Status anda Fortune 500 has about 20% marketing share in India among PSUs and a strong market infrastructure. HPCL also owns and operates the largest Lube Refinery in the India with a capacity of 335 TMT. This Lube Refinery accounts for over 40% of the India's total Lube Base Oil production.
