Gujarat Gas Limited (GUJGASLTD) — Board Meeting

📢 Key Event
CRISIL reaffirmed GEL's AAA/Stable rating post-merger

🔄 What Changed
Merged entity name changed to GEL effective May 14, 2026; CGD sales volume declined to 8.69 mmscmd in fiscal 2026

🔮 What's Next
None

💡 Investor Takeaway
The rating reaffirmation validates GEL's strong market position and financial health despite near-term volume pressures.

Gujarat Energy Limited (GEL), formerly Gujarat Gas Limited, reaffirmed its CRISIL AAA/Stable rating on long-term bank facilities of Rs 3,350 crores following the merger of GSPC, GSPL, and GSENLI into GEL effective May 1, 2026. The merged entity now operates as India's largest city gas distribution player with 27 CGD licenses across six states and a union territory, though CGD sales volume declined to 8.69 mmscmd in fiscal 2026 from 9.62 mmscmd in 2025 due to reduced demand in Morbi clusters. The rating rationale highlights strong market position, net debt negative status, and healthy cash accrual of Rs 3,000–3,600 crores annually, offset by exposure to LNG price volatility and regulatory risks.

📄 View Original Announcement (PDF)

📊 Stock Analysis — GUJGASLTD ✨ Ask AI About This