GIPC commissions 15 MW wind based power project in Gujarat

Gujarat Industries Power Company announced that the company has commissioned 15 MW wind based power project at village Kotadapitha, district-Amreli, Gujarat. The total capacity of Kotadapitha site is 10 WTGs x 1.5 MW i.e. 15 MW.

Feb 14, 2017 05:02 IST India Infoline News Service

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Gujarat Industries Power Company announced that the company has commissioned 15 MW wind based power project at village Kotadapitha, district-Amreli, Gujarat. The total capacity of Kotadapitha site is 10 WTGs x 1.5 MW i.e. 15 MW.
 
The stock has delivered 32.74 % returns in a period of one year, and has underperformed the BSE Small-cap index and the BSE Power index over the same period.
 
The company is engaged in the business of electrical power generation. The total present capacity of Vadodara and Mangrol plants is 871 MW. The current market capitalisation stands at Rs 1576.78 crore.
 
Stock view:-
 
Gujarat Industries Power Co Ltd is currently trading at Rs 104.9, up by Rs 0.65 or 0.62% from its previous closing of Rs 104.25 on the BSE.
 
The scrip opened at Rs 104.8 and has touched a high and low of Rs 105.6 and Rs 104 respectively. So far 20057(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1576.78 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 116.5 on 31-Jan-2017 and a 52 week low of Rs 74.4 on 15-Mar-2016. Last one week high and low of the scrip stood at Rs 112.65 and Rs 103.7 respectively.
 
The promoters holding in the company stood at 58.21 % while Institutions and Non-Institutions held 25.97 % and 15.82 % respectively.
 
The stock is currently trading above its 50 DMA.

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