Gujarat Industries Power Company is currently trading at Rs. 100.70, up by 2.30 points or 2.34% from its previous closing of Rs. 98.40 on the BSE.
The scrip opened at Rs. 101.00 and has touched a high and low of Rs. 102.80 and Rs. 99.85 respectively. So far 63,000 shares were traded on the counter.
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. 102.80 and Rs. 97.70 respectively. The current market cap of the company is Rs. 1,521.59 crore.
The promoters holding in the company stood at 58.21%, while Institutions and Non-Institutions held 26.21% and 15.58% respectively.
Gujarat Industries Power Company (GIPCL) has signed Power Purchase Agreements (PPA) for a period of twenty five years with Gujarat Urja Vikas Nigam (GUVNL) for the entire 26 MW (13 x 2 MW) Wind Farm capacity of the Rojmal Wind Farm viz.; for 18 MW (9x2 MW) on September 20, 2016 and for 8 MW (4x2 MW) on December 16, 2016.
Gujarat Industries Power Company is engaged in business of Electrical Power Generation. GIPCL was incorporated in 1985 as Public Limited Company under the auspices of Government of Gujarat.
| Company Name | CMP |
|---|---|
| NTPC | 402.20 |
| Tata Power | 436.00 |
| Adani Power | 225.15 |
| Power Grid Corp | 313.90 |
| Torrent Power | 1724.80 |
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