Gujarat Industries Power Company gains on inking agreement with Gujarat Urja Vikas Nigam
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Gujarat Industries Power Company is currently trading at Rs. 154.90, up by 2.25 points or 1.47% from its previous closing of Rs. 152.65 on the BSE.
The scrip opened at Rs. 155.00 and has touched a high and low of Rs. 157.75 and Rs. 152.45 respectively. So far 35530 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 178.35 on 11-Oct-2023 and a 52 week low of Rs. 70.71 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 158.40 and Rs. 142.55 respectively. The current market cap of the company is Rs. 2311.87 crore.
The promoters holding in the company stood at 55.69%, while Institutions and Non-Institutions held 17.51% and 26.80% respectively.
Gujarat Industries Power Company and Gujarat Urja Vikas Nigam have executed the Power Purchase Agreement. The agreement is for procurement of 500MW Power under Bilateral mode from Solar PV project to be set-up in RE Park at Khavda.
Gujarat Industries Power Company is engaged in generation of power from gas, lignite, wind and solar. The Principal places of business are located in Gujarat, India.
