Gujarat Industries Power board awards Rs 244-cr EPC contract to KEC Intl

12 Sep 2022 , 09:43 AM

The contract is for pooling sub-station 400/33 KV, 1200 MW (PSS-1, phase-1 & phase-II of 600 MW each) of solar / wind / hybrid RE Park of 2375 MW capacity at Great Rann of Kutch area, Gujarat. Shares of Gujarat Industries Power advanced 1.82% to Rs 95.30 while those of KEC International gained 2.84% to currently trade at Rs 416.90 on the BSE. Gujarat Industries Power Company is engaged in business of electrical power generation. The total present installed capacity of GIPCL is 1184.4 MW. The companys standalone net profit surged 77.67% to Rs 62.86 crore as sales rose by 2.26% to Rs 302.68 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News