Gujarat State Fertilizers & Chemicals Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
GSFC has informed the exchange that the remaining 50 MW (Phase-2) of the 75 MW Vastan Group Captive Solar Project, set up by Gujarat Industries Power Company Limited (GIPCL), has been successfully commissioned as of 26th June 2025. Phase-1 (25 MW) was already commissioned in April 2025, so the entire 75 MW solar project is now fully operational, though currently in a stabilization phase. Under the 50% group captive sharing arrangement, GSFC will receive 25 MW of solar power in total. The company has stated that this will result in a reduction in its overall energy costs.
Positive for shareholders — the full commissioning of the captive solar power project should lower GSFC's energy expenses over time, supporting margins on its fertilizer and chemical operations. This is an operational cost-saving milestone rather than a revenue expansion event.