About Us
We have moved with the times, setting our sails to catch the winds of change ripping through the economy so as to maximize returns.With liberalization and the opening up of the economy, accompanied by the gradual dropping of the barriers, foresight commanded that we club together the scattered resources so that economies of scale are attained and enjoyed. In the past, at GNCL, production facilities in diverse entities, capital and means of productions spread over sister concerns were therefore mustered in the parent company – Aparna Project and Gujarat NRE Power, unlisted sister concerns which made solid synergic sense were therefore merged with the company, which, to a very great extent fuelled our forays into Australia and into coal mining. It was a win win situation for the shareholders of these entities, who not only got a chance of coverting their shares into those of the flagship company, but are also reaping the benefits of the growth curve of Gujarat NRE. For example, shareholders of Gujarat NRE Power Ltd, who had invested Rs 1400 in Gujarat NRE Power in 1995 today hold shares in GNCL valued at Rs. 6300 besides getting large and regular dividends.