Gujarat Industries Power Company Extends Mining Contract with PC Patel Infra for One Year

Gujarat Industries Power Company Limited has announced changes to its mining contract arrangements, extending an existing agreement while cancelling a previously awarded tender. The company informed stock exchanges about these developments on December 12, 2025, as part of its regulatory disclosure obligations.

Contract Extension Details

The Board of Directors has approved the extension of the mining contract with M/s. PC Patel Infra Pvt. Ltd. to execute balance quantities. The extension parameters are as follows:

Parameter	Details
Contractor	M/s. PC Patel Infra Pvt. Ltd.
Extension Period	One year or until exhaustion of unexecuted quantities
Scope	Execution of balance quantities
Contract Basis	Terms of earlier work order

Tender Cancellation

The company has decided to cancel a tender that was previously awarded to another contractor. The Board approved the cancellation of the tender along with the contract award to M/s. H.D. Enterprise, Vadodara. This decision reverses the earlier intimation made by the company on August 12, 2025, regarding the contract award to H.D. Enterprise.

Regulatory Compliance

The company has made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. Gujarat Industries Power Company emphasized that the disclosure is being made to maintain transparency and keep stakeholders informed about material developments.

The communication was addressed to both major stock exchanges where the company's shares are listed - BSE Limited and National Stock Exchange of India Limited. Company Secretary and Compliance Officer Shalin Patel signed the regulatory filing on behalf of the organization.

Strategic Implications

The extension of the existing mining contract with PC Patel Infra Pvt. Ltd. ensures continuity in mining operations while allowing the completion of pending work under established terms and conditions. The decision to extend the current contractor's engagement rather than proceeding with the new tender award suggests the company's preference for operational continuity in its mining activities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.52%	+1.65%	-16.36%	-26.38%	-43.49%	+61.59%

Gujarat Industries Power Company Limited (GIPCL) has made significant progress in its renewable energy initiatives, successfully commissioning an additional 150 MW capacity at its Khavda Solar Power Project. This development marks a crucial milestone in the company's ambitious 600 MW Solar Power Project.

Project Details

Aspect	Details
Project Location	Khavda, Great Rann of Kutch
Total Project Capacity	600 MW
Newly Commissioned Capacity	150 MW
Total Commissioned Capacity to Date	465 MW
Broader Context	Part of 2,375 MW Renewable Energy Park at Khavda

Significance of the Expansion

This latest commissioning represents the fourth phase of GIPCL's solar project at Khavda. With this addition, the company has now successfully brought online 465 MW of the planned 600 MW capacity. This achievement underscores GIPCL's commitment to expanding its renewable energy portfolio and contributing to India's green energy goals.

The Khavda project is strategically located within the expansive 2,375 MW Renewable Energy Park in the Great Rann of Kutch. This positioning allows GIPCL to tap into the region's high solar irradiance, potentially leading to improved energy generation efficiency.

Looking Ahead

As GIPCL continues to make strides in commissioning its solar capacity, the company moves closer to completing its 600 MW Solar Power Project. The successful implementation of this project not only enhances GIPCL's renewable energy footprint but also contributes significantly to the broader renewable energy landscape in Gujarat and India as a whole.

The company's progress in the Khavda project demonstrates its execution capabilities in large-scale solar installations and positions it as a key player in India's transition towards cleaner energy sources.