Gujarat Industries Power Company (GIPCL) announced restoration of unit-2 (125 megawatts) of its Surat Lignite Power Plant (SLPP) situated at Surat, Gujarat.
The company operates 4x125 MW power plant at SLPP. The company declared forced shutdown at the unit-2 of SLPP from 16 December 2020, due to major technical snag in economizer beams.Following the replacement of economizer beams and other associated works, the unit-2 has been synchronized with grid (restored) on 1 July 2021.
GIPCL's standalone net profit tanked 29.7% to Rs 43.53 crore on a 3% decline in net sales to Rs 332.34 crore in Q4 March 2021 over Q4 March 2020.
GIPCL is engaged in the business of electrical power generation with a present installed generation capacity of 1084.4 MW. The company has a diversified portfolio of thermal (gas and lignite), wind and solar power plant assets in the state of Gujarat.
Shares of GIPCL gained 0.73% to Rs 83.30 on Friday, 2 July 2021.
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