GUVNL meaning in Gujrat Government ?

Answer: What is Gujarat Urja Vikas Nigam Limited mean?

The Gujarat Urja Vikas Nigam Limited (GUVNL) is an state electricity regulation board in the state of Gujarat wholly owned by Government of Gujarat the governing authority of state of Gujarat in India. It was set up in May 1999 and is registered under the Companies Act, 1956. The company was created by the Gujarat Electricity Board (GEB) as its wholly owned subsidiary in the context of liberalization and as a part of efforts towards restructuring of the power sector with the aim of improving efficiency in management and delivery of services to consumers. As a part of power reform Process, the Electricity Act, 2003, was passed by the Central Government and Gujarat Electricity Industry (Re-organization & Regulation) Act, 2003, was passed by the Government of Gujarat to restructure the electricity industry with an aim to improve efficiency in management and delivery of services to consumers.

The Government of Gujarat framed the Gujarat Electricity Industry Re-organization & Comprehensive Transfer Scheme, 2003, (the Transfer Scheme) vide Government Notification dated 24-10-2003 for transfer of assets/liabilities etc. of erstwhile GEB to the successor entities. Accordingly Gujarat Electricity Board (GEB) was reorganized effective from 1 April 2005 into seven companies with functional responsibilities of trading, generation, transmission and distribution.

The Companies incorporated are as under:

The Gujarat Urja Vikas Nigam Limited was incorporated as a Gujarat Electricity Board. Since 100% Shares in the other six companies are held by GUVNL w.e.f 1 April 2005 they have become Subsidiary Companies of GUVNL as per the provisions of the Companies Act,1956.

The GUVNL is engaged in the business of bulk purchase and sale of electricity, Supervision, Co-ordination and facilitation of the activities of its six Subsidiary Companies. The GSECL is engaged in the business of Generation of Electricity. The GETCO is engaged in the business of Transmission of Electricity. The UGVCL, DGVCL, MGVCL and PGVCL are engaged in the business of Distribution of Electricity in the Northern, Southern, Central and Western areas of Gujarat respectively.

reference

Full Form	Category
Gujarat Urja Vikas Nigam Ltd	Business
Gujarat Urja Vikas Nigam Limited	Gujrat Government