GUJARAT STATE PETRO Share price

The company was incorporated under companies Act 1956 on Dec 23 1998 asGujarat State Petronet Ltd. and obtained its Certificate of commencement of business on April 7 1999Financial Event Year2000-2001 We completed and commissioned the Hazira-Mora pipeline our first pipeline. The grid was 14 kms long. We acquired this pipeline from GSPC in exchange for issue of shares of our Company to GSPC.2001-2002 We commissioned 45 kms of the Amboli-Dahej pipeline and the total grid length increased to 59 kms.2002-2003 We commissioned 66 kms of grid pipeline which included Mora-Utran Cairn-Mora and Bhadhut-Paguthan pipelines and GNFC Videocon and Mora Kribhco spur lines. The total grid length increased to 125 kms.2003-2004 We commissioned the Paguthan-Baroda pipeline. The total grid length increased to 209 kms.2004-2005 We commissioned the Baroda-Ahmedabad-Kalol pipeline the GACL-Petronet pipeline the Mora-Sajod pipeline and the Kalol-Santej pipeline extending the network by an additional 224 kms. The total gas transmission network length increased to 433 kms. We awarded EPC contract for Mora-Vapi. We completed the Gandhinagar spur line which was 15.5 kms in length. The total network length increased to 448.5 kms. The Company GSPC and IDF executed the Share Subscription and Shareholders Agreement pursuant to which IDF agreed to subscribe for Equity Shares for an amount of Rs.900 million. We demonstrated the reverse flow capability.2005-2006 We commissioned the Mora gas terminal. We awarded EPC contracts for Anand-Rajkot Kalol-Himmatnagar Kalol - Mehasana and Anklav-Dhuvaran pipelines. The Company GSPC IDBI IDFC and UTI Bank executed the Shareholders Agreement pursuant to which IDFC IDBI and UTI Bank agreed to subscribe for Equity Shares for an aggregate amount of Rs.1000 million. The Company's operation and maintenance systems and procedures were certified by Del Norske Veritas as being in conformity with the ISO 9001:2000 quality management system standard.