Gujarat Industries Power Company Limited (GIPCL) has announced its participation in the right issue of Vadodara Jal Sanchay Private Limited (VJSPL). The company has invested ₹3.60 crores in equity shares in proportion to its existing shareholding in VJSPL, the company said in a press release on the stock exchanges.
This investment is aimed at funding the Tertiary Treatment of Waste Water (TTWW) Project, an initiative focused on advanced water purification methods that enhance the usability of treated wastewater.
By contributing to this initiative, GIPCL reaffirms its commitment to sustainable and responsible industrial practices.
VJSPL, a Special Purpose Vehicle (SPV), is spearheading the TTWW project to recycle and repurpose wastewater effectively.
By leveraging advanced treatment methods, the initiative aims to improve water quality and reduce dependency on freshwater resources, aligning with India’s growing focus on sustainability.
Gujarat Industries Power Company Limited (GIPCL) witnessed a positive movement in its share price on March 7, 2025.
The stock opened at ₹170.60, slightly lower than its previous close of ₹170.85. However, it quickly gained momentum, reaching an intraday high of ₹172.61 at 9:25 AM on the NSE.
GIPCL’s participation in the right issue of VJSPL marks a significant step toward advancing sustainable wastewater treatment solutions. As industries increasingly focus on environmental conservation and resource efficiency, initiatives like the TTWW project will play a crucial role in shaping the future of water management in India.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 7, 2025, 9:29 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates