Gujarat Gas Limited (GGL) has witnessed a robust V-shaped recovery in gas sales volumes post lockdown. In industrial segment, the gas sales volume has recovered to its pre-Covid levels. Its average sales volume stands at over 9.5 million standard cubic meters per day (mmscmd) as against average sales of 9.44 mmscmd in 2019-20.
GGL plans to set up five liquefied natural gas (LNG) stations in collaboration with Petronet LNG, and 50 CNG gas stations on its own. At present, all the offices are functioning normally with high standard of safety precautions as per GGL.
Besides, it has a favourable liquidity position with its financial management supported by its strong external credit ratings. The company had invoked the provision of Force Majeure under the gas purchase agreement with its suppliers to secure itself from any liability.