Gujarat State Petronet is currently trading at RS 273.20, up by 0.70 points or 0.26% from its previous closing of RS 272.50 on the BSE.

The stock opened at RS 279.80 and recorded a high of RS 281.00 and a low of RS 272.25. So far, 56,451 shares have been traded. The company's 52-week high stands at RS 469.60 (achieved on 2nd September 2024), while the 52-week low is RS 260.15 (recorded on 4th June 2024).

Over the last week, the stock has traded between RS 294.20 and RS 271.00. The company’s current market capitalization is RS 15,414.25 crore. The promoters hold 37.63% of the company’s shares, while institutional and non-institutional investors own 42.48% and 19.89%, respectively.

Gujarat State Petronet (GSPL) has secured approval from the Petroleum and Natural Gas Regulatory Board (PNGRB) for expanding the capacity of its High-Pressure Gujarat Gas Grid through the construction of the Anjar-Palanpur Pipeline.

The 274-km-long pipeline will have a capacity of 12 MMSCMD (Million Metric Standard Cubic Meters per Day) and will connect Anjar to Palanpur in Gujarat. The estimated capital expenditure for this expansion is RS 2,051.18 crore, with a completion timeline of three years.

Gujarat State Petronet is a natural gas infrastructure and transmission company engaged in the transportation of natural gas through pipelines on an open-access basis from supply points to demand centers.