Gujarat Industries Power Commissions Initial 25 MW of Vastan Solar Project

On 24th April 2025, Gujarat Industries Power Company Limited (GIPCL) officially announced the commissioning of the first phase of its 25 MW Group Captive Solar Project at Vastan. This development is part of a larger 75 MW solar initiative by the company.

Milestone Achievement in Renewable Energy Development

The announcement, made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, signifies a key step forward in GIPCL’s green energy strategy.

The first phase, consisting of 25 MW capacity, is now operational. The successful commissioning of this segment underlines the company’s ongoing commitment to expanding its renewable energy portfolio and optimising sustainable power generation.

Corporate Communication and Regulatory Disclosure

The information was formally shared with both BSE Ltd. and the National Stock Exchange of India Ltd. via an official letter dated 24th April 2025. 

The communication was addressed to the General Managers of the Corporate Relations and Listing Departments at both exchanges. It confirmed the status of the project and requested the update to be taken on record, ensuring full transparency in line with regulatory obligations.

Read More: GIPCL Shares in Focus; Invests in Vadodara Jal Sanchay’s Wastewater Treatment Project

GIPCL Share Performance 

As of April 25, 2025, 9:30 AM, GIPCL share price is trading at ₹231.25, reflecting a 3.36% decline from the previous closing price. Over the past month, the stock has surged by 6.32%.

Conclusion

The operationalisation of the first phase of the solar project marks a significant milestone for GIPCL, reinforcing its role in India’s renewable energy transition. This move supports the company’s strategic direction towards sustainable and responsible energy solutions.

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