Gujarat Industries Power Company Limited — Board Meeting, 12-08-2025: Outcome of Board Meeting

Gujarat Industries Power Company Ltd. (GIPCL)'s board has approved the financial results for the quarter ended June 30, 2025. The company reported a standalone revenue from operations of Rs 371.52 Cr and a profit of Rs 57.47 Cr for the quarter, with an EPS of Rs 3.70.

In a significant move, the board also awarded a large 7-year turnkey mining contract, valued at approximately Rs 2,025 Cr, to H.D. Enterprises. This contract involves lignite removal, crushing, transportation, and re-handling of materials for its power operations. Additionally, M/s. K C Mehta & Company LLP were appointed as new statutory auditors for a five-year period.