Gujarat Industries Power Company Limited
First Water has dropped off Gujarat Industries Power Company Limited's major shareholder list, leaving it unclear if the investor's prior 1.41 percent stake was completely sold or merely trimmed below the 1 percent disclosure threshold.
A state-owned power generation company based in Gujarat, incorporated in 1985, engaged in electrical power generation across multiple energy sources. The company operates a diversified portfolio of thermal, wind, and solar power plants throughout Gujarat. Its operations span gas-based and lignite-based thermal generation alongside renewable energy facilities, serving industrial and commercial consumers in the region.
India-focused and FPI co-founded by Arun Chulani (CA, MSc LSE, ex-Ikarus Petroleum) and Ricky Kirpalani. Concentrated long-only value strategy holding 15 to 18 stocks for 5 to 7 year horizons. Patient capital with a Buffett-style preference for moaty Indian businesses available at sensible prices.