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Pratim Ranjan Bose
Virendra Pandit

Ahmedabad, July 13

The Gujarat Energy Minister, Mr Saurabh Patel, confirmed to Business Line that though the State Government is committed to making GSPC public, it would wait for the company to establish its KG basin find further and extract maximum value from the capital market.

“We are toying with the idea of IPO for quite some time. GSPC has already established its ability in E&P sector. However, we may not rush it through in our remaining term in the government. We are confident that GSPC is able to manage its finances for the time being,” Mr Patel said. Gujarat is scheduled to go on poll in next six months.

“We are looking forward to hit the capital market in 2008,” a company official added.

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