📷 Image: Wikimedia Commons / U.S. Department of State
Business
Gujarat Energy Ltd posts record profit, pays state a historic Rs 384.67 crore dividend
✍️ India's News.Net
🗓 15 Oct 2026, 07:31 AM
👁 43
Gujarat Energy Limited announced a new financial milestone by declaring the highest ever dividend of Rs 384.67 crore to the Gujarat state government in a single fiscal year.
Gujarat Energy Limited (GEL), the state‑run power utility, disclosed that it has achieved a new financial record for the latest fiscal year. The company reported a profit surge that enabled it to declare a dividend of Rs 384.67 crore to the Gujarat state government, the highest amount ever paid in a single year.
The dividend payout reflects GEL’s improved operational efficiency and stronger revenue streams from its power generation and distribution assets across the state. Management attributed the result to better load management, timely tariff revisions, and successful execution of ongoing infrastructure projects.
State officials welcomed the announcement, noting that the substantial dividend will bolster the government's fiscal position and support ongoing development initiatives. GEL’s board affirmed its commitment to maintaining financial discipline while pursuing further expansion of renewable energy capacity.
Analysts view the record dividend as a positive signal for Gujarat’s power sector, suggesting that the utility is on a sustainable growth trajectory. They expect the company to continue leveraging its asset base to generate stable returns for the state.
The dividend will be transferred to the state treasury as per the schedule approved by the board, marking a milestone in the utility’s financial performance since its inception.
The dividend payout reflects GEL’s improved operational efficiency and stronger revenue streams from its power generation and distribution assets across the state. Management attributed the result to better load management, timely tariff revisions, and successful execution of ongoing infrastructure projects.
State officials welcomed the announcement, noting that the substantial dividend will bolster the government's fiscal position and support ongoing development initiatives. GEL’s board affirmed its commitment to maintaining financial discipline while pursuing further expansion of renewable energy capacity.
Analysts view the record dividend as a positive signal for Gujarat’s power sector, suggesting that the utility is on a sustainable growth trajectory. They expect the company to continue leveraging its asset base to generate stable returns for the state.
The dividend will be transferred to the state treasury as per the schedule approved by the board, marking a milestone in the utility’s financial performance since its inception.