Gujarat Industries Power Company Limited (GIPCL) announced a change in its board composition as Jai Prakash Shivahare, IAS, stepped down from his role as Director, effective November 6, 2025. This development comes following Shivahare's transfer from his position as Managing Director of Gujarat Urja Vikas Nigam Limited (GUVNL) to a new role as Joint Secretary in the Department for Promotion of Industry and Internal Trade, Government of India.

Details of the Resignation

The company disclosed the following key information regarding the directorial change:

Background of the Transfer

The resignation follows administrative orders:

1. Department of Personnel & Training, Government of India issued Order No. 33/11/2025 – EO (MM-I) on November 1, 2025, transferring Shivahare to his new role.
2. General Administration Department, Government of Gujarat, issued Notification No. AIS/35.2025/52/G on November 5, 2025, formalizing the transfer.

Impact on GIPCL

Shivahare's departure marks the end of his tenure as a nominee director representing Gujarat Urja Vikas Nigam Limited on GIPCL's board. The company has not announced a replacement for this position.

Regulatory Compliance

GIPCL has informed the stock exchanges about this change in directorship, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures that shareholders and the market are informed of significant changes in the company's governance structure.

The resignation of Jai Prakash Shivahare from GIPCL's board reflects the impact of government appointments on public sector enterprise directorships. Stakeholders may observe any subsequent appointments to GIPCL's board and their potential implications for the company's direction.

Gujarat Industries Power Company Limited (GIPCL) has made significant strides in its renewable energy initiatives, successfully commissioning an additional 105 MW capacity at its solar power project in Khavda, located in the Great Rann of Kutch. This expansion marks a crucial milestone in the company's ambitious 600 MW Solar Power Project.

Project Details

Phased Implementation

The recent addition represents the third phase of GIPCL's solar project implementation. With this latest commissioning, the company has now brought online more than half of its planned 600 MW capacity. The phased approach demonstrates GIPCL's methodical expansion in the renewable energy sector.

Strategic Importance

This development is particularly noteworthy as it contributes to India's growing renewable energy landscape. The Khavda project, being part of a larger 2,375 MW Renewable Energy Park, underscores the strategic importance of the region in India's push towards sustainable energy sources.

Corporate Disclosure

In line with regulatory requirements, GIPCL has informed the stock exchanges about this development. The company's disclosure to both the BSE and NSE highlights its commitment to transparency and compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Looking Ahead

As GIPCL continues to make progress on its 600 MW Solar Power Project, the energy sector will be watching closely. The successful commissioning of this third phase not only boosts the company's renewable energy portfolio but also contributes significantly to India's solar power generation capacity.

This expansion aligns with the broader national goals of increasing reliance on clean energy sources and reducing carbon footprint. As GIPCL moves forward with the remaining phases of this project, it is poised to play a crucial role in shaping the future of India's energy landscape.