Gujarat State Electricity Corporation Limited (India)

Gujarat State Electricity Corporation Ltd. is an unlisted public company located in Vadodara, Gujarat. It was incorporated on August 12, 1993, as a wholly-owned subsidiary of the erstwhile Gujarat Electricity Board (GEB). The company operates power generation plants and has been given the status of an Independent Power Producer (IPP) by the Government of Gujarat. Its commercial operations began in 1998, initially limited to power stations in Gandhinagar, Wanakbori, Utran, and Dhuvaran. However, after the complete unbundling of GEB in 2005, GSECL expanded its operations. The main products and services offered by Gujarat State Electricity Corporation Ltd. include power generation, hydro and Ukai LBC hydropower station, thermal power station, and gas-based power station. As a state government company, its authorized share capital is INR 3,500.00 crore, and the total paid-up capital is INR 3,020.20 crore. The company's operating revenues for the financial year ending on March 31, 2021, were over INR 500 crore, with an EBITDA increase of 45.46% compared to the previous year. The book net worth also increased by 10.74%. Gujarat State Electricity Corporation Ltd. is an active company, and its last reported Annual General Meeting (AGM) was held on December 26, 2022. The company has seven directors, including Mamta Verma and Nirmal Kumar Jha. Its Corporate Identification Number (CIN) is U40100GJ1993SGC019988, and the registered office is located at Vidyut Bhavan Race Course, Vadodara, Gujarat.