Gujarat Industries Power Company Limited is engaged in the generation of power from gas, lignite, wind and solar and in the development of hybrid renewable energy park. It is in the business of electrical power generation. The installed capacity is 1364.4MW. It has a diversified power generation portfolio comprising thermal (lignite and gas) and renewable (wind and solar) power plants. It also operates captive Lignite and Limestone Mines to meet the fuel requirement of the 500 MW Surat Lignite Power Plant. Its non-renewable power plants include Vadodara Station - I, Vadodara Station - II, and Surat Lignite Power Plant (SLPP), Village Nani Naroli, Taluka Mangrol, Dist. Surat - Phase I & II. The Company's renewable power plants include solar power plants and wind farms. Its projects include 15 MW Wind Power Project; 26 MW Wind Power Project; 50.4 MW Wind Power Project; 21 MW Wind Power Project; 80 MW Solar Power Project; 75 MW Solar Power Project, and 100 MW Solar Power Project.
Gujarat Industrial Power Co. Financial Highlights
- Revenue: Gujarat Industrial Power Co. reported revenue of ₹1,524.15 crore in FY19 vs ₹1,405.10 crore in FY18. It showed an increase of 8.47% on a yearly basis.
- Operating Profit: Gujarat Industrial Power Co. reported an operating profit of ₹306.64 crore in FY19 vs ₹317.50 crore in FY18. It showed a decrease of 3.42% on a year-on-year basis.
- Net Profit: Gujarat Industrial Power Co. reported a net profit of ₹254.76 crore in FY19 vs ₹244.52 crore in FY18. It showed an increase of 4.19% on a yearly basis.