GSPC is one of the leading oil and gas exploration, development and production companies in India. We are also one of the largest gas trading companies in India. In addition, we have a significant presence in the gas transmission and gas distribution businesses. Our exploration, development and production activities are conducted both onshore and offshore in India and overseas. Government of Gujarat along with its public sector undertakings are holding more than 86.89% of equity of the company as on 31-Mar-17.
As of now we hold PI in 22 onshore and offshore exploration and production blocks/fields. Out of which, we hold PI in 17 producing fields in the Cambay Basin and 01 producing field in Krishna Godavari Basin. We hold PI in 02 exploration blocks in Cambay Basin and 01 each in Mumbai Offshore and Kutch Offshore. We conduct all our exploration, development and production activities through unincorporated joint ventures with other domestic oil and gas companies and foreign partners and pursuant to PSCs.
We, through our Subsidiaries and Associates, operate the largest gas transmission and distribution network in the State of Gujarat. Our subsidiary, Gujarat State Petronet Limited (GSPL), is a gas transmission company on common carrier basis. Gujarat Gas Ltd. and Sabarmati Gas, are engaged in the business of City Gas Distribution and related pipeline infrastructure in Gujarat. Between them, these companies have developed pipeline infrastructure and supply piped gas to domestic customers, industrial customers, commercial customers and Compressed Natural Gas ("CNG") stations in Gujarat. We trade in Liquefied Natural Gas ("LNG"), catering to industries, engaged in power generation, steel and city gas distribution, among others.
We engage in other activities in the energy sector as well. Associate, GSPC LNG Limited (GSPC LNG), is developing an LNG terminal at Mundra in Gujarat. Our associate company Gujarat State Energy Generation Limited (GSEG), owns and operates a gas based power plant at Hazira in Gujarat. Another wholly owned subsidiary, GSPC Pipavav Power Company Limited (GPPC), has set up a gas-fired combined cycle power plant at Pipavav in Gujarat. We have also set up a wind farm at Jakhau in Gujarat.