Gujarat Energy Pays Record ₹324 Crore Dividend to Gujarat Govt for FY26
Gujarat Energy Limited paid a record ₹324 Crore dividend to the Government of Gujarat for FY26, the highest ever by a State PSU. This follows an amalgamation scheme effective May 1, 2026, increasing government's stake. Combined with GTL's ₹60.67 Crore dividend, total payout reached ₹384.67 Crore.
A record dividend payout of this magnitude is a significant financial event that directly benefits the state government and reflects strong financial performance, impacting investor perception and state finances.
The announcement highlights a record dividend payout, which is a strong positive financial indicator for the company and the state government.
Gujarat Energy Limited (GEL), formerly Gujarat Gas Limited, has achieved a significant financial milestone by paying a record dividend of ₹324 Crore to the Government of Gujarat for the Financial Year 2025-26. This payout represents the highest ever dividend paid by any single State Public Sector Undertaking (PSU) to the Government of Gujarat in a single financial year.
The company's enhanced financial performance and dividend payout capacity are attributed to a Scheme of Amalgamation & Arrangement involving the GSPC Group of Companies, which became effective from 1st May 2026. This scheme led to the rebranding of Gujarat Gas Limited as Gujarat Energy Limited following the amalgamation of GSPC into GGL. Additionally, the gas transmission business previously handled by GSPL has been transferred to GSPL Transmission Limited (GTL) through a demerger.
Following the Scheme of Arrangement, the Government of Gujarat's stake in Gujarat Energy increased from approximately 6% to about 38%. Similarly, the government now holds about 38% in GSPL Transmission Limited, whereas it previously held no direct shares in GSPL. This restructuring has significantly boosted the government's returns from its investments in these state-owned entities.
Prior to the scheme's effectiveness, Gujarat Gas paid an aggregate dividend of approximately ₹81.55 Crore to the Government of Gujarat over the three financial years from FY 22-23 to FY 24-25. In contrast, for FY 2025-26 alone, Gujarat Energy paid ₹324 Crore. GSPL Transmission Limited also contributed ₹60.67 Crore as a dividend for FY 25-26, bringing the combined dividend payout from GEL and GTL to the Government of Gujarat for FY 25-26 to ₹384.67 Crore.
Shri M. K. Das, Chief Secretary of the Government of Gujarat and Chairman of both GEL and GTL, stated that this record payout marks a defining moment for both companies. Smt. Avantika Singh, IAS, Managing Director of GEL and Vice Chairperson of GTL, added that the Scheme of Arrangement has been a definitive turning point, enabling them to unleash their financial potential and contribute more robustly to the state's growth. The dividend payment cheques were presented to the Hon’ble Chief Minister Shri Bhupendra Bhai Patel on 14th October 2026, in the presence of other dignitaries.
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GUJARAT ENERGY LIMITED filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by GUJARAT ENERGY LIMITED. Read the original for the full detail.