Gujarat Industries Power Company Limited

Gujarat Industries Power Company Limited (GIPCL) is an Indian power generator incorporated in 1985 (CIN: L99999GJ1985PLC007868) with its registered office at Ranoli, Vadodara, Gujarat.

The Company operates thermal (lignite) and renewable (solar and wind) assets located across Gujarat, with combined installed capacity of 1,184.4 MW as on FY 2024-25.

Its major sites include: Vadodara Gas-based Stations I (145 MW) & II (165 MW), Surat Lignite Power Plant (500 MW) at Nani Naroli, and multiple renewable projects—solar plants at Vastan, Amrol (distributed 1 MW units), Charanka (80 MW), Radhanesda (100 MW), and wind farms at Kotadapitha (15 MW), Rojmal (26 MW), Kuchhdi (50.4 MW) and Nakhatrana (21 MW).

GIPCL’s revenue is entirely domestic and its generating facilities are all in Gujarat.

Subsidiaries: The Company had no subsidiary as at March 31, 2025.

Key milestones in FY 2024-25:

• Khavda Solar (600 MW): PPA signed in August 2023; works advanced with full site mobilisation and power-evacuation connectivity secured; priority 105 MW commissioned on June 27, 2025.

• Khavda Solar (500 MW): PPA signed October 2023; approved by GERC on September 25, 2024; BoS & module supply awarded; land in possession and work in progress.

• Vastan Group-Captive Solar (75 MW for GSFC & GACL): EPC awarded April 22, 2024; Phase-I 25 MW commissioned on April 22, 2025; Phase-II 50 MW commissioned on June 24, 2025.

• Integrated Management System (ISO 9001/14001/45001/50001) recertified for three years based on 2025 audit.

• Awards: Multiple national awards in 2024-25, including Power Plant Performance-2024 (≤500 MW Lignite), Water Optimisation-2024, National Efficiency-2024, National Energy Management-2024, Water Optimisation-2025 and National Fly Ash Utilisation-2025.

• Khavda RE Park (2,375 MW) infrastructure: Transmission (PSS-1 to KPS-II) charged on April 30, 2025; GIS & transformers energised; internal roads, drains and pond works completed; Park completion targeted by December 2026.

• MoU with NHPC (non-binding) for pumped-storage collaboration signed on October 17, 2023.

• Limestone lease (80 Ha) notified on February 27, 2024 to support the 500 MW plant’s balance life and extension.

• Zero-accident operations in FY 2024-25; mines achieved “Zero Accident Level”.

Gujarat Industries Power Company Limited Business Segments

• Operating segment: The Company reports a single operating segment—“Power Generation” under Ind AS 108; therefore separate segmental revenue disclosure is not applicable.

• Geography: Entire revenue is domestic.

Gujarat Industries Power Company Limited Key Management 

• Chairperson: Dr. Jayanti S. Ravi, IAS (from 02/08/2025)

• Managing Director: Smt. Vatsala Vasudeva, IAS

• Directors: Shri Jai Prakash Shivahare, IAS; Smt. Avantika Singh Aulakh, IAS (from 25/02/2025); Shri Kanyo Sadhuram Badlani (from 21/08/2024); Shri N. N. Misra; Shri Prabhat Singh; Shri Nitin Chandrashanker Shukla; Dr. Ravindra Dholakia; Dr. Mamata Biswal; Prof. Vishal Gupta; Shri Susanta Kumar Roy (from 20/02/2025); Smt. Suchita Gupta (from 20/02/2025).

• CFO & Chief GM (Finance): CA K. K. Bhatt

• Company Secretary & Compliance Officer: CS Shalin Patel

Latest Updates on Gujarat Industries Power Company Limited

• Renewables performance: 262 MW solar generated 526.43 MUs (CUF 22.94%); 112.4 MW wind generated 170.38 MUs (CUF 17.30%)—lower than budget due to transmission outage, lower irradiation, and heavy rains in parts of Gujarat.

• Gas-based stations: Vadodara Station-I (145 MW) and Station-II (165 MW) remained non-operational due to unavailability of economical gas.

Environmental & safety: ESP upgrades at SLPP to meet revised MoEF&CC norms; continued emphasis on accident-free operations and environmental management.