What we do Gujarat Industries Power Co Ltd (GIPCL) generates electricity through thermal (gas, lignite) and renewable (wind, solar) plants in Gujarat, India, serving industrial and utility needs. |
Founded in 1,985 |
Market share A leading power producer in Gujarat with diversified capacity of 1574.4 MW, including renewables, recognized for operational excellence and sustainability. |
Problem solved Provides reliable and sustainable power solutions to meet captive industrial and grid demands, enhancing energy security and reducing environmental impact. |
Top clients or who we serve Primarily serves industrial consumers like GSFC, GNFC, GACL, Petrofils, HWP, state utilities, and power markets (B2B). |
Key management - |
Our journey and innovations Since 1985, expanded from 120 MW captive coal to 1574.4 MW diversified portfolios including pioneering solar and wind projects in Gujarat. |
Where we operate Operations and projects mainly in Gujarat, including Vadodara, Surat, Kutch, and Amreli regions. |
Top products or what we offer Electric power generation via gas and lignite thermal plants; large-scale wind and solar farms; captive mining of lignite and limestone. |
Top brands Vadodara Gas Power Stations, Surat Lignite Power Plant, Khavda Renewable Energy Park (2375 MW), multiple solar and wind installations. |
Raw materials needed Natural gas, lignite coal, solar irradiation, wind resources, limestone for plant operations. |
Raw materials supplier Captive mines for lignite and limestone; natural gas subject to availability and cost markets. |
Recurring vs cyclical contribution Revenue largely recurring from power sales under long-term PPAs; some variability in fuel costs and renewable generation. |
Our industry position Strong regional presence with diversified energy mix; among Gujarat's key power producers with progressive renewable integration. |
Financial highlights FY 2024-25 revenue ₹1256.26 Cr, PAT ₹211.43 Cr; steady EBITDA growth; robust financial health with strong net worth. |
Geographical revenue split Revenue primarily from Gujarat-based power generation and sales. |
Order book - |
Whats driving growth Expansion in renewable capacity, infrastructure projects like Khavda RE park, and upgrades of lignite plants drive growth. |
Our future plans Developing 2375 MW Khavda RE Park, 600 MW+ solar projects, lignite capacity expansions, and enhanced renewable-storage integration. |
Our green promise Committed to renewables growth, emissions reduction, water optimization, and ISO-certified environmental and safety management. |
Our people and values Focus on safety, zero accidents, employee well-being, and embedding sustainable work culture. |
Key challenges ahead Fuel availability, regulatory compliance, weather-dependence of renewables, and capital-intensive infrastructure development. |
Interesting facts Panchratna company of Gujarat; first lignite based captive plant; multiple consecutive awards for energy and water efficiency. |
Risks and strategy Risks from fuel supply, climatic variability; mitigated by diversifying fuel sources, expanding renewables, and robust governance. |
