GUJ IND POW CO. LTD

During the earnings conference call held on July 10, 2026, management provided insights into Gujarat Industries Power Company Limited's (GIPCL) performance for the fourth quarter and fiscal year 2025-26. Management reported that the plant load factors (PLF) for thermal stations exceeded 75% for SLPP 1 and 80% for SLPP 2, while the capacity utilization factor (CUF) for the 600 MW solar project at Khavda was 33.24%. Revenue from the Khavda project was estimated at around INR 420 crores for FY26-27. Management indicated that all thermal stations were performing well, with no significant power evacuation issues. They also discussed plans for a 750 MW lignite-based thermal power station and the potential for battery energy storage systems (BESS) at existing gas plant locations. Management emphasized their commitment to regular communication with investors and acknowledged the need for ongoing updates.

The management provided a balanced overview of operational performance and future plans without strong emphasis on growth or challenges.