Gujarat state PSUs pay record Rs 384.67 crore dividend

Gujarat Energy Limited (GEL) and GSPL Transmission Limited (GTL) have paid a record dividend of Rs 384.67 crore to the Gujarat state government for the 2025-26 financial year. This represents the highest single-year dividend ever paid to the state by companies under its control.

Of the total amount, GEL contributed Rs 324 crore, while GTL contributed Rs 60.67 crore. The dividend cheques were presented to Chief Minister Bhupendra Patel in Gandhinagar by Avantika Singh, the Managing Director of GEL and Vice Chairperson of GTL.

The significant increase in payouts is attributed to a corporate restructuring. Following the merger of GSPC into Gujarat Gas (now renamed Gujarat Energy) on May 1, 2026, the state's stake in GEL rose from approximately 6% to 38%. Additionally, the state took a direct 38% stake in GSPL Transmission. These shifts in ownership and the separation of the gas transmission business have substantially increased the state's share of profits.