The company made this announcement during trading hours today, 11 July 2012.

Meanwhile, the BSE Sensex was down 97.94 points or 0.56% to 17,520.41.

On BSE, 61,000 shares were traded in the counter as against average daily volume of 42,731 shares in the past one quarter.

The stock hit a high of Rs 321 and a low of Rs 308.90 so far during the day. The stock had hit a record high of Rs 463 on 2 September 2011. The stock had hit a 52-week low of Rs 270 on 13 April 2012.

The stock had underperformed the market over the past one month till 10 July 2012, surging 4.74% compared with the Sensex's 5.38% rise. The scrip had also underperformed the market in past one quarter, declining 8.57% as against Sensex's 2.17% rise.

The mid-cap company has an equity capital of Rs 25.65 crore. Face value per share is Rs 2.

Gujarat Gas Company (GGCL) said the provisional system capacity and extra capacity for the Hazira-Ankleshwar natural gas pipeline will be equal to 5.06 mmscmd and 1.265 mmscmd, respectively.

Gujarat Gas Company's (GGCL) consolidated net profit fell 9.9% to Rs 64.95 crore on 37.3% growth in net sales to Rs 714.29 crore in Q1 March 2012 over Q1 March 2011.

Gujarat Gas Company (GGCL) distributes gas to more than 3.49 lakh industrial, commercial and domestic customers and serves over 1.75 lakh Compressed Natural Gas (CNG) users.