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Genesis

1990s – formation of DPC (Dabhol Power Company) by Enron, GE, Bechtel along with MPDCL (Maharashtra Power Development).

April 2001 – GoM constituted Energy Review Committee which recommended negotiations with DPC.

August 2001 – Enron communicated to the Negotiation committee its desire to exit. Negotiation committee recommended that NTPC (through Ministry of Power) and GAIL (through MoPNG) could play crucial role.

November 2004 – Union Cabinet constituted EGoM (Empowered group of ministers) to formulate plan to revive and restructure DPC.

July 2005 – Ratnagiri Gas & Power Pvt. Ltd (RGPPL) was incorporated with NTPC and GAIL as its promoters.

October 2005 – Assets of DPC transferred to RGPPL.

February 2018 – Pursuant to an order pronounced by the National Company Law Appellate Tribunal, New Delhi (“NCLAT”) under Section 421 of the Companies Act, 2013 on February 28, 2018, the Hon’ble (NCLAT) approved a Scheme of Arrangement (Demerger) pursuant to which the LNG business of the RGPPL has been demerged and vested with the Konkan LNG Pvt. Ltd. (KLPL).

February 2020 – Conversion of the Company from Private Limited to Public Limited on February 18, 2020 whereby the name of the Company changed to Konkan LNG Limited.

March 2020 – Based on holding data of GAIL, equity holding has increased to 69.06%. Accordingly, Konkan LNG Limited has become subsidiary of GAIL and in turn Government Company from 27.03.2020.

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Vision, Mission & Core Values

VISION

Be a Significant player in LNG value chain with international presence focussed
towards satisfying clean energy needs of the nation.

MISSION

Making clean energy available to the nation by operating LNG facilities in efficient, sustainable &
environment friendly manner and striving towards excellence & new opportunities for creating maximum value for stakeholders.

CORE VALUES

Transparency, Integrity & Ethics

We emphasize for transparency, fairness, & ethical practices in all our business activities so as to create an environment of trust & respect. We consistently seek to exhibit highest level of integrity at personal as well as institutional level.

Safety & Responsibility in action

We always give top most priority to safety & health for our workmen & surrounding communities while taking care of the need of protecting environment.

Excellence & Innovation

We create an environment of excellence & innovation at work.

Value Stakeholders

We respect the interest & rights of all stakeholders in the organization.

VISION

Making clean energy available to the nation by operating LNG facilities in efficient, sustainable & environment friendly manner and striving towards excellence & new opportunities for creating maximum value for stakeholders.

MISSION

Making clean energy available to the nation by operating LNG facilities in efficient, sustainable & environment friendly manner and striving towards excellence & new opportunities for creating maximum value for stakeholders.

CORE VALUES

Transparency, Integrity & Ethics: We emphasize for transparency, fairness, & ethical practices in all our business activities so as to create an environment of trust & respect. We consistently seek to exhibit highest level of integrity at personal as well as institutional level.
Safety & Responsibility in action: We always give top most priority to safety & health for our workmen & surrounding communities while taking care of the need of protecting environment.
Excellence & Innovation: We create an environment of excellence & innovation at work.
Value Stakeholders: We respect the interest & rights of all stakeholders in the organization.
Sustainability & Positive Approach: Our operational & business activities strive towards sustainable & environment friendly growth for the organization.

Genesis

1990s – formation of DPC (Dabhol Power Company) by Enron, GE, Bechtel along with MPDCL (Maharashtra Power Development).

April 2001 – GoM constituted Energy Review Committee which recommended negotiations with DPC.

August 2001 – Enron communicated to the Negotiation committee its desire to exit. Negotiation committee recommended that NTPC (through Ministry of Power) and GAIL (through MoPNG) could play crucial role.

November 2004 – Union Cabinet constituted EGoM (Empowered group of ministers) to formulate plan to revive and restructure DPC.

July 2005 – Ratnagiri Gas & Power Pvt. Ltd (RGPPL) was incorporated with NTPC and GAIL as its promoters.

October 2005 – Assets of DPC transferred to RGPPL.

February 2020 – Conversion of the Company from Private Limited to Public Limited on February 18, 2020 whereby the name of the Company changed to Konkan LNG Limited.

March 2020 – Based on holding data of GAIL, equity holding has increased to 69.06%. Accordingly, Konkan LNG Limited has become subsidiary of GAIL and in turn Government Company from 27.03.2020.

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