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Gujarat Energy Transmission Corporation Limited (India)

Main Activities: Electric Power Generation, Transmission and Distribution
Full name: Gujarat Energy Transmission Corporation Limited Profile Updated: March 25, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Gujarat Energy Transmission Corporation Limited (GETCO) is a company located in Vadodara, Gujarat. It was incorporated in May 1999 and is registered under the Companies Act, 1956. GETCO was established as a wholly owned subsidiary of the erstwhile Gujarat Electricity Board (GEB) in order to facilitate the liberalization and restructuring of the power sector. In December 2004, the Government of Gujarat issued a notification regarding the provisional opening balance sheet of the six transferee companies, which included GETCO. This balance sheet contained the value of assets and liabilities transferred from GEB to the transferee companies. The assets of GEB were divided into six companies, with one each in generation and transmission, and four in distribution. The generation plants of GEB were transferred to Gujarat State Electricity Corporation Limited (GSECL), an existing company since 1993. In March 2005, the government extended the effective date for the transfer of assets, liabilities, proceedings, and personnel to April 1, 2005, through a notification. Additionally, a holding company called Gujarat Urja Vikas Nigam Limited (GUVNL) was formed. GUVNL not only performs coordination functions but also handles trading and bulk supply functions.

Headquarters
Sardar Patel Vidyut Bhavan Race Course Baroda In-Gj In 390007
Vadodara; Gujarat; Postal Code: 390007

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
May 19, 1999
Key Executives
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Nominee Director
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Nominee Director
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Nominee Director
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Managing Director
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Additional Director
Ownership Details
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100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
13.04%
Total operating revenue
13.06%
Operating profit (EBIT)
31.45%
EBITDA
22.78%
Net Profit (Loss) for the Period
29.37%
Total assets
7.06%
Total equity
20.45%
Operating Profit Margin (ROS)
6.4%
Net Profit Margin
3.05%
Return on Equity (ROE)
0.65%
Debt to Equity Ratio
-7.1%
Quick Ratio
-0.03%
Cash Ratio
0%

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