"GIPCL...Has signed PPAs with Solar Energy Corporation of India for 2x40 MW Solar Power Projects in Gujarat Solar Park, Village Charanka, District Patan, under National Solar Mission (NSM) Phase-II, Batch IV," the company said in a filing to BSE.
PPA is a contract to buy electricity generated by a power plant.
Last month, GIPCL said it has received letters of intent (LoIs) from Solar Energy Corporation of India (SECI) for execution of a solar power project in Gujarat.