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Gujarat Industries Power shines on getting allocated land for development of renewable energy park

09 Dec 2020 Evaluate

Gujarat Industries Power is currently trading at Rs. 80.90, up by 3.30 points or 4.25% from its previous closing of Rs. 77.60 on the BSE.

The scrip opened at Rs. 81.00 and has touched a high and low of Rs. 81.90 and Rs. 80.30 respectively. So far 33793 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 87.00 on 27-Jan-2020 and a 52 week low of Rs. 42.50 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 81.90 and Rs. 77.00 respectively. The current market cap of the company is Rs. 1220.60 crore.

The promoters holding in the company stood at 55.69%, while Institutions and Non-Institutions held 22.57% and 21.74% respectively.

The District Collector, Kutch, Gujarat has vide. Letter dated December 7, 2020 approved the allotment of land to Gujarat Industries Power Company (GIPCL), admeasuring 4750 HA for development of 2375 MW Renewable Energy Park (i.e. Wind / Solar / Wind-Solar Hybrid) at Village Khavda, District Kutch, Gujarat, for a period of 40 years on leasehold basis, and barring unforeseen circumstances, with the scheduled completion of at least 50% of the total capacity within a period of 3 years and 100% completion of total capacity within a period of 5 years.

Gujarat Industries Power Company is engaged in business of power generation. The company is also engaged in conducting research and development operations such as identification and completion of geological survey work at chosen site and conducting seismic survey for mapping of lignite deposits at said area.

Guj. Inds. Power Share Price

154.90 0.70 (0.45%)
17-Apr-2026 16:59 View Price Chart
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