Gujarat Gas Powers Up with GSPC, GSPL Merger: Triggers Target Price Upgrades and Shares Jump by 12%

Gujarat Gas Powers Up with GSPC, GSPL Merger: Triggers Target Price Upgrades and Shares Jump by 12%

Introduction to the Merger

The recent merger involving Gujarat Gas Limited (GGL), Gujarat State Petroleum Corporation (GSPC), and Gujarat State Petronet Limited (GSPL) marks a significant shift in the energy sector. This consolidation aligns with the strategic vision of creating a consolidated and efficient energy conglomerate within Gujarat, positioning the state as a robust hub for natural gas distribution and infrastructure services.

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