Business Standard

Gujarat Industries Power Co Share Price

Know More
NSEBSE

185.05-4.05 (-2.14%)

12:00 AM,12th Apr 2024

185.25-3.70 (-1.96%)

12:00 AM,12th Apr 2024

BSE : 517300

NSE : GIPCL

Sector : Infrastructure

ISIN Code : INE162A01010

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Apr 12 2024 | 12:00 AM IST

Market Cap (₹ Cr)

2798

Turnover (₹ Cr)

0.78

Volume (Shares)

421427

Face Value

10

52-WK High

237.50

52-WK High Date

30 Jan 2024

52-WK Low

72.80

52-WK Low Date

13 Apr 2023

All Time High

237.50

All Time High Date

30 Jan 2024

All Time Low

10.10

All Time Low Date

17 Sep 2001

Gujarat Industries Power Co Ltd

Gujarat Industries Power Company Ltd (GIPCL) is one of the Panchratnas (five jewels) in the State of Gujarat. The Company is engaged in generation of power from gas lignite wind and solar in Gujarat.. Their power stations include Vadodara Station-I which is a 145 mega watt combined cycle power plant (CCPP); Vadodara Station- II which is a 165 mega watt CCPP and Surat Lignite Power Plant (SLPP). The total present capacity of Vadodara and Mangrol plants is 810 MW.Gujarat Industries Power Company Ltd was incorporated on June 1 1985 as a public limited company. The company was originally promoted by Gujarat Electricity Board (GEB) Gujarat State Fertilizer and Chemical Ltd (GSFC) Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) Gujarat Alkalies and Chemical Ltd (GACL) Petrofils Co-operative Ltd (Petrofils) and Heavy Water Project (HWP) of the Atomic Energy Department of the Government of India with the main objective of setting up a coal-based power station of 120 MW to cater to the captive needs of electrical energy of participating industries viz. GSFC GNFC GACL Petrofils and HWP.In year 1991 the company set up their power plant having 3 gas turbines of 32 MW each and one steam turbine of 49 MW at Vadodara which resulted into an total installed capacity of 145 MW. In February 1991 they commissioned the Combined Cycle Operation of 145 MW Gas based Plant. In February 1992 they commissioned the combined cycle mode. In April 1992 they started commercial generation of power.In September 1993 the company signed a supplementary MoU with the participating units viz. GEB GACL GSFC Petrofils and GAIL for revised allocation of power. In November 1997 the company expanded their capacity by commissioning another 160 MW Gas based Combined Cycle power plant (Station - II) in Vadodara which included one gas turbine of 106 MW and one steam turbine of 54 MW and was capable of running multiple fuels viz. Gas & Naphtha. Also they started commercial generation of Station II in Vadodara. In November 1999 the company commissioned the first unit of 2x125 MW Surat Lignite Power Plant at Surat. In January 2000 they commissioned the second unit of 2X125 MW Surat Lignite Power Plant at Surat. In February 2000 they started the commercial generation of Surat Lignite Power Plant. During the year 2004-05 the company has taken up 250 MW expansion project which increases the generating capacity of Surat Lignite Power Plant to 500 MW.During the year 2006-07 the company obtained ISO:9001:2000 ISO:14001:2004 and OHSAS ISO:18001:1999 certification for Quality Management System (QMS) and Environment and Occupational Health and Safety Management System (EOHSM) for their Power Stations at Vadodara and SLPP from M/s TUV India Ltd.During the year 2008-09 the company increased the total capacity of producing power from 557 MW to 560 MW. During the year 2009-10 the company got re- certification for Integrated Management System (IMS) covering ISO: 9001:2008 ISO: 14001:2004 and OHSAS 18001:2007 certification for Quality Management System (QMS) Environment Management System (EMS) and Occupational Health and Safety Assessment Series (OHSAS) for their Power Stations at Vadodara and SLPP from TUV India Ltd. In April 2010 the company commissioned the 2 x 125 MW SLPP Phase II expansion project. The company is in the process of setting up a 2 x 250 MW (+ 20%) thermal Power Project(SLPP Station II) based on Circulating Fluidised Bed Combustion (CFBC) technology including development of a captive lignite mine thus increasing the generating capacity of SLPP to 1000 MW Plus. The Government of Gujarat has consented to allot 500 MW Expansion Phase-3 also to Gujarat Industries Power Company Limited and the Site Selection Environmental Clearance and Engineering Activities by consultants for the same are in progress.During 2016-17 the Company commissioned the Govt. of Gujarat (GoG) sponsored Grid connected two Distributed Solar Pilot plants of 1 MW each at Village Amrol in Central Gujarat during April 2016 and at Village Vastan Dist.: Surat in South Gujarat in May 2016 respectively.The Company had issued two Letters of Intent (LoIs) both dated 01.09.2014 on Leitwind Shriram Manufacturing Ltd. (LSML) Chennai on EPC turnkey basis for setting up Wind Power Projects of 27 MW (18 x 1.5 MW) at Village Kotadapitha and 24 MW (16 x 1.5 MW) at Village Jambarwada Taluka Babra Dist.: Amreli Gujarat respectively. Due to inordinate delay in Project execution by LSML the Directors decided to terminate the LoI for 24 MW (16 x 1.5 MW) at the Jambarwada Site. Thereafter the LoI for the 27 MW Wind Based Power Project at Village Kotadapitha was truncated to 15 MW and resultantly the said 15 MW Project was commissioned in Nov' 2016.The 97.4 MW Wind Farms at various locations in Gujarat have been commissioned in phased manner by March 2017. The 2 x 40 MW capacity of Solar Power Projects at Gujarat Solar Park Charanka was commissioned in 2017.The Company installed and commissioned 112.4 MW capacity of Wind Power Projects at different sites across State of Gujarat in 2018. It commissioned Two Distributed Solarcum-Agriculture Power Projects of 1 MW each at Village Amrol in Surat. During the year 2019-20 the Company commissioned 75 MW Solar Project at Gujarat Solar Park Charanka (25 MW on 29.03.2019 30 MW on 26.04.2019 and last phase - 20 MW on 04.06.2019). The 50 MW Solar Projects at Charanka location in the state of Gujarat was commissioned in Mar'20. The 100 MW Solar Power Plant at Raghanesda was commissioned on Aug' 10 2021.

Gujarat Industries Power Co Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2798

EPS - TTM (₹) [S]

13.05

P/E Ratio (X) [S]

0.88

Face Value (₹) 10
Latest Dividend (%)37.50
Latest Dividend Date 08 Sep 2023
Dividend Yield (%) 2.02
Book Value Share (₹) [S]211.17
P/B Ratio (₹) [S]0.88
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
HDFC Balanced Advantage Fund (G) 114.58 7027000 0.14
HDFC Balanced Advantage Fund (IDCW) 114.58 7027000 0.14
HDFC Balanced Advantage Fund - Direct (IDCW) 114.58 7027000 0.14
HDFC Balanced Advantage Fund - Direct (G) 114.58 7027000 0.14

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

184.15

189.50

Week Low/High

181.90

193.00

Month Low/High

151.40

193.00

Year Low/High

72.80

238.00

All time Low/High

9.50

238.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.17%-1.12%0.000.03%
1 Month8.63%8.57%0.780.82%
3 Month0.79%0.90%2.312.85%
6 Month8.53%8.44%11.8013.77%
1 Year141.39%141.42%22.9426.43%
3 Year149.23%148.89%55.0557.36%

Company Info

Company Information

Chairman / Non Executive Direc : A K Rakesh

Non Executive Director / Nomin : Jai Prakash Shivahare

Non Executive Director / Nomin : Swaroop P

Non Executive Director / Nomin : Manisha Chandra

Independent Non Exe. Director : N N Misra

Independent Non Exe. Director : Prabhat Singh

Independent Non Exe. Director : Nitin Shukla

Independent Non Exe. Director : Ravindra Dholakia

Independent Non Exe. Director : Mamata Biswal

Executive Director & MD : Vasudeva Vatsala

Additional Director : Vishal Gupta

Registered Office: P O Ranoli, ,Vadodara,Gujarat-391350 Ph: 91-0265-2232768

Email:genbaroda@gipcl.com

URL:http://www.gipcl.com