Gujarat Industries Power Company Limited has informed the Exchange about Awarding of contract(s)
GIPCL · price
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GIPCL's Board has approved awarding a turnkey mining and lignite handling contract worth approximately Rs. 2,025 Crores to M/s. H.D. Enterprises, Vadodara, on 12th August 2025. The contract is for a 7-year period and covers three main activities: removal of overburden and transportation of lignite from Valia Mine to the Power Plant (~22.75 million tonnes), re-handling of overburden dumps at Valia Mine (~21.00 million cubic metres), and re-handling of lignite at the SLPP Power Plant (~24.5 million cubic metres). The contract is purely domestic and there is no promoter or related party interest in the awarded entity.
This is a large operational contract that supports GIPCL's lignite mining and power generation supply chain, ensuring steady fuel availability. The annualized value (~Rs. 289 Cr/year) is a meaningful share of the company's revenue, signalling continued capex/operational activity, though the award is to an external contractor rather than an in-house expansion.