Gujarat Industries Power Company (GIPCL) is currently trading at Rs. 102.80, up by 1.75 points or 1.73% from its previous closing of Rs. 101.05 on the BSE.
The scrip opened at Rs. 102.10 and has touched a high and low of Rs. 102.65 and Rs. 102.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 110.05 on 11-Nov-2016 and a 52 week low of Rs. 74.40 on 15-Mar-2016.
Last one week high and low of the scrip stood at Rs. 106.00 and Rs. 98.50 respectively. The current market cap of the company is Rs. 1,552.59 crore.
The promoters holding in the company stood at 58.21%, while Institutions and Non-Institutions held 26.21% and 15.58% respectively.
GIPCL has signed Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for 23.1 MW (2.1 MW x 11 WEGs) Wind Power Project at Kuchhdi Site, Porbandar district, under the Letter of Intent dated February 12, 2016 for installation of 50.4 MW (2.1 MW x 24 WEGs) Wind Farm capacity issued to Suzlon Energy.
Gujarat Industries Power Company is a Electrical Power Generation company. It is engaged in production of electricity through naphtha and gas and lignite cased power plants.
