Gujarat Industries Power Company (GIPCL) announced restoration of unit-2 (125 megawatts) of its Surat Lignite Power Plant (SLPP) situated at Surat, Gujarat.
The company operates 4x125 MW power plant at SLPP. The company declared forced shutdown at the unit-2 of SLPP from 16 December 2020, due to major technical snag in economizer beams.Following the replacement of economizer beams and other associated works, the unit-2 has been synchronized with grid (restored) on 1 July 2021.
GIPCL's standalone net profit tanked 29.7% to Rs 43.53 crore on a 3% decline in net sales to Rs 332.34 crore in Q4 March 2021 over Q4 March 2020.
GIPCL is engaged in the business of electrical power generation with a present installed generation capacity of 1084.4 MW. The company has a diversified portfolio of thermal (gas and lignite), wind and solar power plant assets in the state of Gujarat.
Shares of GIPCL gained 0.73% to Rs 83.30 on Friday, 2 July 2021.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app