Gujarat Industries Power Company Limited (GIPCL), a prominent player in the power generation sector, has announced its standalone unaudited financial results for the first quarter, showcasing impressive growth and performance.

Financial Highlights

GIPCL reported stellar financial results for Q1:

Remarkable Growth

The company demonstrated substantial growth compared to the same quarter of the previous year:

• Net Profit Before Tax surged from ₹1,620.61 lakhs to ₹7,932.45 lakhs, marking a remarkable increase of nearly 390%.
• Total Income from Operations rose from ₹34,184.81 lakhs to ₹39,061.40 lakhs, indicating a healthy growth in the company's operational performance.

Operational Overview

GIPCL, known for its thermal and lignite-based power plants in Vadodara and Surat, continues to strengthen its position in the power generation sector. The company's robust performance reflects its operational efficiency and strategic management.

Board Approval and Disclosure

The unaudited financial results were reviewed and recommended by the Audit Committee in its meeting held on August 11, and subsequently approved by the Board of Directors on August 12. In compliance with regulatory requirements, GIPCL published the results in newspapers on August 14, including Financial Express (All India Edition) and Loksatta Jansatta (Vadodara Edition).

Investor Information

GIPCL has made the detailed unaudited financial results available on its official website ( www.gipcl.com ) and on the websites of BSE and NSE. The company has also designated an exclusive email ID, investors@gipcl.com , for addressing investor grievances, demonstrating its commitment to shareholder communication and transparency.

As GIPCL continues to deliver strong financial results, it reinforces its position as a key player in India's power generation sector.

Gujarat Industries Power Company Limited (GIPCL) has announced a significant change in its leadership, appointing Dr. Jayanti S. Ravi, IAS, as an Additional Director and Chairperson on its Board, effective August 2, 2025. This appointment comes as part of the company's strategic move to strengthen its governance structure.

Key Appointment Details

About Dr. Jayanti S. Ravi

Dr. Jayanti S. Ravi brings a wealth of experience and expertise to her new role at GIPCL:

• IAS Officer: 1991 Gujarat cadre
• Educational Background:
  • Master's in Nuclear Physics from University of Madras
  • Master's in Public Administration from Harvard University
  • Ph.D. in E-Governance from MS University, Baroda
  • Chevening Scholar at The London School of Economics and Political Science

Professional Achievements

Dr. Ravi's illustrious career includes several notable positions and accomplishments:

• COVID-19 Response: Led pandemic efforts as Principal Secretary of Health and Family Welfare, earning recognition from the World Health Organization
• SDG Impact: Instrumental in improving Gujarat's ranking in NITI Aayog's SDG evaluation for Good Health & Well-Being (Goal 3) from 17th to 1st place nationally between 2018-19 and 2020-21
• Key Roles:
  • DDO in Sabarkantha
  • Collector of Panchmahal
  • Director at the National Advisory Council in the Prime Minister's Office
  • Commissioner of Rural Development
  • Secretary of the Auroville Foundation

Appointment Process

The appointment of Dr. Ravi was made following due process:

• Recommended by the Nomination and Remuneration Committee
• Approved by GIPCL's Board of Directors
• Based on a letter from the Government of Gujarat's Energy & Petrochemicals Department

Additional Information

GIPCL has confirmed that Dr. Ravi is not related to any existing Directors of the company and is not debarred from holding directorial positions by SEBI or any other authority.

This strategic appointment is expected to bring fresh perspectives and strong leadership to Gujarat Industries Power Company Limited as it continues to navigate the dynamic energy sector.