WHAT IS GSPC?

India Today - - STATES -

In­cor­po­rated in 1979 as a gas trad­ing com­pany, Gu­jarat State Petroleum Cor­po­ra­tion (GSPC) later ven­tured into oil and gas ex­plo­ration. The Gu­jarat gov­ern­ment owns 86.89 per cent eq­uity cap­i­tal in the com­pany. As on March 31, 2017, the com­pany had par­tic­i­pa­tory in­ter­est in 22 nat­u­ral gas blocks in In­dia, of which 18 are in pro­duc­tion stage, three in de­vel­op­ment, and one is in ex­plo­ration stage.

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