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Oil Exploration & Production
New Launch7 Feb 2025, 08:45 pm

Gujarat Natural Resources Limited Alters Main Object Clause to Include Electricity Generation, Transmission, and Renewable Energy Solutions

AI Summary

The Board of Directors of Gujarat Natural Resources Limited held a meeting on Friday, 7th February, 2025, and approved the alteration in the Main Object Clause of Memorandum of Association. The new objects include managing, supervising, and controlling the business of transmitting, supplying, generating, distributing, and dealing in electricity and all forms of energy and power generated by any source. The company will also carry out the business of manufacturing, trading, importing, exporting, installing, and operating solar systems for energy generation, including Solar Photovoltaic, Solar Thermal, Solar Chimney, and other solar-based devices. The Board has authorized Mr. Shalin Shah, Managing Director, and Ms. Barkha Lakhani, Company Secretary & Compliance Officer, to submit the application to the relevant authorities for the establishment of the wind/solar/hybrid park and to execute all other necessary preliminary activities in connection with this project.

Key Highlights

  • Alteration in Main Object Clause to include electricity generation, transmission, and distribution
  • Expansion into solar, wind, and hybrid energy parks generation and distribution
  • Manufacturing, trading, importing, exporting, installing, and operating solar systems for energy generation
  • Authorization for Mr. Shalin Shah and Ms. Barkha Lakhani to submit applications and execute preliminary activities
GNRL
Oil Exploration & Production
Gujarat Natural Resources Limited

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