Gujarat Industries Power Company Ltd — earnings calls

Management discussed the Q4 and full-year FY26 results of Gujarat Industries Power Company, focusing largely on the ramp-up of the 600 MW Khavda solar plant and plans for the 500 MW second phase, a new 750 MW lignite thermal expansion, and BESS projects at the Baroda gas location. Executives gave CUF, revenue and EBITDA figures for the solar portfolio and outlined expected increases in depreciation and interest costs as new capacity is commissioned. The call also covered debt levels, park development revenue from third-party developers at Khavda, and the status of the idle gas-based stations.