Gujarat Industries Power Company Limited — Board Meeting, 17-12-2024: Outcome of Board Meeting

The Board of Directors of Gujarat Industries Power Company Ltd. has approved several significant initiatives during its recent meeting. This includes the awarding of an EPC contract for the Balance of System (BoS) package to implement a 500 MW (AC) Solar PV project in Khavda, Kutch. Additionally, the board sanctioned debt syndication for term loans to support both the 500 MW Solar Power Project (Phase II) and a 75 MW Solar Power Project at Vastan. These moves aim to enhance the company’s renewable energy capabilities and financing strategies.