Gujarat Industries Power Company Limited (GIPCL) issued a formal notice regarding the outcome of its 343rd Board of Directors meeting held on 19th September 2026. Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Dr. Rajender Kumar, IAS, Managing Director of Gujarat State Fertilizers & Chemicals Limited, as an Additional Director in the capacity of a Nominee Director representing Gujarat State Fertilizers & Chemicals Limited.

Dr. Rajender Kumar is a 2004-batch Indian Administrative Service (IAS) officer belonging to the Gujarat cadre with a B.A.M.S. degree in Ayurvedic medicine. He brings over two decades of extensive experience across public administration, public policy, and development economics, having previously served as District Development Officer, District Collector, and Magistrate in multiple districts across Gujarat. Between 2016 and 2021, he worked in strategic leadership roles at the Prime Minister’s Office (PMO) in India, managing flagship national initiatives such as the Swachh Bharat Mission, Smart Cities Mission, and the formulation of the National Education Policy 2020, alongside coordinating core health logistics during the COVID-19 pandemic. He also served on the World Bank Board as an Advisor representing India, Bangladesh, Bhutan, and Sri Lanka from 2021 to 2024 before taking charge as Commissioner of Transport and Managing Director at GSFC in the Government of Gujarat.

Established in June 1985, Gujarat Industries Power Company Limited is a prominent power generation company in Gujarat with diversified operational assets spanning gas, lignite, wind, and solar energy generation. In recent operational highlights from 2025, the company expanded its green energy footprint significantly by commissioning additional capacity at its Khavda solar power project phases, including a 105 MW expansion and a subsequent 135 MW phase as part of its massive 600 MW solar park initiative. The company continues to strengthen its infrastructure to support regional energy demands while aligning with clean energy transitions.

During the latest annual and quarterly financial disclosures, the company reported strong top-line and bottom-line expansion backed by operational efficiencies and strategic tax transitions. For the full financial year 2025–26, the company posted an annual revenue from operations of ₹14,911.30 Crores, rising from ₹12,562.57 Crores in the preceding fiscal year, while annual net profit surged significantly to ₹402.41 Crores compared to ₹211.43 Crores previously. Prominent institutional investors holding stakes in the company include major public entities and funds such as Gujarat Urja Vikas Nigam Limited, Gujarat Alkalies And Chemicals Limited, Gujarat State Fertilizers And Chemicals Limited, and institutional mutual fund investments like HDFC Balanced Advantage Fund.