Gujarat Industries Power Company Limited
First Water trimmed its stake in Gujarat Industries Power Company Limited from 1.51% to 1.41%, selling 1,52,606 shares. The value of the sold shares is ₹2.42 crore, calculated at ₹158.54 apiece.
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.