Gandhinagar (Gujarat) [India], June 30 (ANI): State-owned enterprises in Gujarat have delivered an outstanding performance on India’s stock markets, outpacing the growth of benchmark indices BSE Sensex and Nifty during the first quarter of the 2025–26 fiscal year, from March 28 to June 30.
This surge underscores Gujarat’s continued trajectory as a major industrial powerhouse, a legacy shaped under the leadership of Prime Minister Narendra Modi, who once served as the state’s Chief Minister. Under current Chief Minister Bhupendra Patel, Gujarat remains on a firm path of industrial and economic progress, with state PSUs playing a pivotal role.
According to recent stock market data, several Gujarat government-owned companies listed on BSE and NSE have posted double-digit growth, significantly outperforming the broader indices. Over the same period, the BSE Sensex rose by 8.00 percent to close at 83,606.46, and the Nifty advanced by 8.49 percent, ending at 25,517.05.
Among the top performers, Gujarat Mineral Development Corporation (GMDC) surged by 55.23 percent, with its stock price jumping from ₹265.35 to ₹411.90. Gujarat Industrial Power Company Limited (GIPCL) posted a 21.31 percent increase, rising from ₹180.20 to ₹218.60. Gujarat State Fertilisers & Chemicals Limited (GSFC) gained 15.31 percent, moving from ₹177.30 to ₹204.45. Gujarat Gas Limited recorded a 14.30 percent rise, climbing from ₹412.60 to ₹471.60. Gujarat State Petronet Limited (GSPL) grew by 12.29 percent, while Gujarat Narmada Valley Fertilisers & Chemicals Limited (GNFC) gained 11.60 percent.
The robust growth of these enterprises highlights not only their operational resilience and strategic governance but also investor confidence in Gujarat’s industrial vision. This performance reinforces the state’s reputation as the ‘Growth Engine’ of India, with its PSUs contributing significantly to national economic momentum. (ANI)
About The Author
