Gujarat Industries Power Company is currently trading at Rs. 112.50, up by 2.10 points or 1.90% from its previous closing of Rs. 110.40 on the BSE.
The scrip opened at Rs. 111.50 and has touched a high and low of Rs. 113.00 and Rs. 110.50 respectively. So far 16923 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 116.50 on 31-Jan-2017 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. 116.50 and Rs. 108.35 respectively. The current market cap of the company is Rs. 1689.48 crore.
The promoters holding in the company stood at 58.21%, while Institutions and Non-Institutions held 25.97% and 15.82% respectively.
Gujarat Industries Power Company (GIPCL) has signed Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for the balance 27.3 MW (2.1 MW x 13 WTGs), out of the 50.4 (2.1MW x 24 WTGs) Wind Power Project at the Kuchhdi Site under the Letter of Intent dated February 12, 2016 issued to Suzlon Energy. With the above, execution of PPA with GUVNL for the entire 50.4 MW Kuchhdi Wind Farm has been completed.
GIPCL is engaged in business of Electrical Power Generation. The company has a vision to transform itself into a national level power sector enterprise.