| Gujarat Industries Power Company Limited
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Introduction
Generating power for industry
is something a number of companies do. So what puts GIPCL apart from
the rest? ----- Our manner of functioning. We have tried to rewrite
the script of power generation in our own limited way.
It was in 1985 that 4 companies came together to promote this
venture. They were -
Gujarat State Fertilizers & Chemicals Ltd. (GSFC)
Gujarat Alkalies and Chemicals Ltd.
Gujarat Electricity Board.
Petrofils Co-operative Ltd.
Subsequently GAIL joined for their Captive need at Waghodia.
The participant industries were allocated power on an equity based
formula, at highly economical rates. The advantage of this was
evident in the first year itself since apart from insulating
themselves from the uncertainties of the power supply, their savings
in power bills and increase in productivity equal their capital
investment!
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