Authorised Share Capital: Rs. 500,00,00,000/-
Paid Up Share Capital : Rs. 440,41,23,050/-
| Sr. No. | Name of the Shareholder | Amount of equity share capital (Rs.) | % to the total paid up share capital |
| 1. | Governor of Gujarat (GoG) | 421,11,13,200 | 95.6175 |
| 2. | Gujarat Urja Vikas Nigam Limited (GUVNL) (erstwhile Gujarat Electricity Board) | 19,30,01,300 | 04.3823 |
| 3. | Fifteen individual Shareholder | 8,550 | 0.0002 |
| | Total | 440,41,23,050 | 100 |