Gujarat Industries Power Company Limited Announces Senior Management Changes with New Executive Director Appointment
Gujarat Industries Power Company Limited has made strategic senior management appointments effective January 1, 2026. Naresh Kumar Purohit joins as Executive Director (Mines) on a fixed-term contract, bringing over 35 years of mining expertise with M.Tech and MBA qualifications. Rajendra Prasad Paliwal has been promoted from AGM to GM (RE Projects), strengthening the renewable energy division leadership.

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Gujarat Industries Power Company Limited has announced key changes in its senior management team, filing the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on January 2, 2026.
Executive Director (Mines) Appointment
The company has appointed Shri Naresh Kumar Purohit as Executive Director (Mines) on a fixed-term contract, effective January 1, 2026. The appointment details are outlined below:
| Parameter: | Details |
|---|---|
| Position: | Executive Director (Mines) |
| Contract Type: | Fixed Term Contract |
| Effective Date: | January 1, 2026 |
| Educational Qualifications: | M.Tech in Industrial Engineering & Management, MBA in HR & Marketing |
| Experience: | Over 35 years in mining operations and mine management |
Shri Purohit brings substantial expertise to the role, with his extensive background positioning him as an established leader in mining operations. His dual qualifications in technical and management fields, combined with more than three decades of noteworthy expertise in the mining sector, align with the company's operational requirements.
Management Promotion in Renewable Energy Division
Simultaneously, the company has announced the promotion of Shri Rajendra Prasad Paliwal from Assistant General Manager (RE Projects) to General Manager (RE Projects), also effective January 1, 2026.
| Parameter: | Details |
|---|---|
| Previous Position: | Assistant General Manager (RE Projects) |
| New Position: | General Manager (RE Projects) |
| Change Type: | Internal Promotion |
| Effective Date: | January 1, 2026 |
Regulatory Compliance and Documentation
The appointments were formally communicated to both BSE Limited and National Stock Exchange of India Limited through proper regulatory channels. Company Secretary and Compliance Officer CS Shalin Patel signed the disclosure documents, ensuring compliance with SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/0155 dated November 11, 2024.
Both appointments indicate no relationships between the appointees and existing directors of the company, maintaining independence in the management structure. These strategic appointments reflect the company's commitment to strengthening its operational capabilities across mining and renewable energy sectors.
Historical Stock Returns for Gujarat Industries Power Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.24% | +2.14% | +1.69% | -26.45% | -29.99% | +84.89% |













































