Gujarat Industries Power Company
165.74
+4.28(+2.65%)
Market Cap₹2,572.55 Cr
PE Ratio14.00
IndustryPower
Company Performance:
1D+2.65%
1M-9.26%
6M-18.47%
1Y-16.74%
5Y+122.77%
View Company Insightsright
More news about Gujarat Industries Power Company
30Aug 25
GIPCL Secures Approval for 700-750 MW Lignite Power Plant in Valia
Gujarat Industries Power Company Limited (GIPCL) has received approvals from the Gujarat Government and Gujarat Urja Vikas Nigam Limited (GUVNL) for a new 700-750 MW lignite-based power plant in Valia, Gujarat. The Energy and Petrochemicals Department approved the project under Section 62 of the Electricity Act, 2003. GUVNL's Board has granted in-principle approval for power procurement from the 700 MW plant for 25 years. The project still requires approval from the Gujarat Electricity Regulatory Commission (GERC) for the final power purchase agreement. This expansion aligns with Gujarat's energy policy and aims to meet the state's growing energy needs using locally available lignite resources.
26Aug 25
Gujarat Industries Power Company Announces Rs. 4.09 Dividend, Sets 40th AGM Date
Gujarat Industries Power Company Ltd (GIPCL) has scheduled its 40th Annual General Meeting for September 20 via video conferencing. The Board has recommended a dividend of Rs. 4.09 per share, subject to shareholder approval. Book closure dates are set from September 13 to September 20. Key agenda items include financial statement adoption, dividend declaration, and appointments of directors and auditors. Notable appointments include Dr. Jayanti S. Ravi as Chairperson and re-appointments of Shri Jai Prakash Shivahare and Shri Kanyo Sadhuram Badlani as directors. K C Mehta & Co. LLP and TNT & Associates are proposed as statutory and secretarial auditors respectively for five-year terms. Remote e-voting will be available from September 17-19, with a cut-off date of September 12 for eligibility.
14Aug 25
Gujarat Industries Power Company Reports Robust Q1 Results with Net Profit Soaring to ₹57.47 Crore
Gujarat Industries Power Company Limited (GIPCL) announced impressive Q1 standalone unaudited financial results. Total Income from Operations reached ₹39,061.40 lakhs, while Net Profit Before Tax soared to ₹7,932.45 lakhs, marking a 390% increase from the previous year. Net Profit After Tax stood at ₹5,746.83 lakhs, with Earnings Per Share at ₹3.70. The results were approved by the Board of Directors on August 12 and published in newspapers on August 14. GIPCL has made detailed results available on its website and stock exchange platforms.
02Aug 25
Gujarat Industries Power Company Appoints Dr. Jayanti S. Ravi as Additional Director and Chairperson
Gujarat Industries Power Company Limited (GIPCL) has appointed Dr. Jayanti S. Ravi, IAS, as Additional Director and Chairperson, effective August 2, 2025. Dr. Ravi, currently Additional Chief Secretary in the Revenue Department of Gujarat, brings extensive experience as an IAS officer and holds advanced degrees in Nuclear Physics, Public Administration, and E-Governance. Her appointment, recommended by the Nomination and Remuneration Committee and approved by GIPCL's Board, follows a nomination from the Government of Gujarat's Energy & Petrochemicals Department.
29Jul 25
Gujarat Industries Power Company Chairman Shri Jagdish Prasad Gupta Steps Down
Gujarat Industries Power Company Ltd (GIPCL) announced that Shri Jagdish Prasad Gupta, IAS, has resigned from his positions as Director and Chairman, effective July 28, 2025. This change is due to his superannuation from the Additional Chief Secretary role in the Tribal Development Department, Government of Gujarat. GIPCL has disclosed this information to stock exchanges in compliance with SEBI regulations. The company has not yet announced a successor for the Chairman position.
28Jun 25
Gujarat Industries Power Activates 105 MW Capacity in Massive Solar Project
Gujarat Industries Power Company Limited (GIPCL) has commenced operations of a 105 MW capacity segment from its 600 MW solar project in the Renewable Energy Park in Khavda, Rann of Kutch. This marks the first phase of GIPCL's larger solar initiative, strategically positioned in an area known for high solar irradiance. The project is expected to strengthen GIPCL's position in the renewable energy market, increase its clean energy footprint, and potentially improve revenue streams from renewable sources.
26Jun 25
Gujarat Industries Power Launches First Phase of 75 MW Solar Project
Gujarat Industries Power Company (GIPC) has commenced operations of a 25 MW solar power facility, marking the first phase of its 75 MW Vasta Group Solar Power Project. This initial phase represents one-third of the planned capacity, allowing GIPC to gradually increase its renewable energy generation and gain operational experience. The project signifies GIPC's commitment to expanding its presence in the renewable energy sector and contributes to India's transition towards cleaner energy sources.
22May 25
Gujarat Industries Power Co Reports 5.3% Increase in Q4 Net Profit
Gujarat Industries Power Co announced Q4 net profit of ₹697 million, up 5.3% year-over-year, despite an 8.8% revenue decline to ₹3.40 billion. Annual results for FY 2024 show 1.52% revenue growth to ₹1,425.00 crore and 5.19% net profit increase to ₹198.50 crore. EPS improved to ₹13.12 from ₹12.48 in FY 2023. Operating profit margin slightly decreased to 28.27% from 30.09% in the previous year.
24Apr 25
Gujarat Industries Power Energizes First Phase of 25 MW Solar Project at Vastan
Gujarat Industries Power Company Limited (GIPCL) has successfully commissioned the first phase of a 25 MW solar power project at Vastan on April 24, 2025. This project is part of a larger 75 MW group captive solar initiative, marking a significant step in GIPCL's renewable energy strategy. The company made the announcement through a regulatory filing to stock exchanges, in compliance with SEBI regulations.
08Apr 25
Gujarat Industries Power Company Approves Contract for Massive 500 MW Solar Project
Gujarat Industries Power Company Limited (GIPCL) has approved a contract for a 500 MW Solar PV project in Gujarat. This large-scale renewable energy initiative aligns with India's clean energy goals and is expected to boost job creation, reduce carbon emissions, and enhance energy security. The project marks a significant expansion of GIPCL's renewable portfolio and positions the company as a key player in India's growing solar power sector.
1 Year Returns:-16.74%
Industry Peers
NTPC
326.10
(+0.74%)
Adani Green Energy
1,034.40
(+2.25%)
JSW Energy
487.25
(+2.23%)
NTPC Green Energy
94.55
(-0.21%)
NHPC
77.43
(+0.26%)
NLC India
246.90
(+2.85%)
SJVN
78.57
(+0.89%)
Reliance Power
39.48
(+6.13%)
ACME Solar Holdings
233.70
(-1.33%)