Gujarat Industries Power Company (GIPCL) was promoted by Gujarat government. The company is engaged in business of electrical power generation. The total present capacity of Vadodara and Mangrol plants is 815 MW. The company has a vision to transform itself into a national level power sector enterprise. Three months ago company has successfully commissioned two wind turbine generators at Amreli, Gujarat. GIPCL is a consistent divided paying company from last five years at Rs 2.5 per share i.e. its offers a dividend yield of around 3 per cent currently. This can increase significantly as GIPCL does not have much capex going forward and the balance sheet is very healthy. Currently stock is trading at PE ratio of 10.35x with EPS of Rs 8.35 of FY15 and on the price to book value it trades at 0.71x.

Petronet LNG reported a 58 per cent jump in June quarter net profit on tax reversal even as it imported 32 per cent less liquefied natural gas (LNG) under a costly long-term deal with Qatar. The company's net profit stood at Rs 247.50 crore in the April-June quarter as compared to Rs 156.60 crore net profit in the same period a year ago. The net profit was higher because of Rs 72.37 crore reversal of tax after the company won its case for tax holiday for port services. The Company aims to lease out about two-thirds of the capacity at its Dahej import terminal in Gujarat over the next four years to boost revenue and prevent the facility falling into disuse. With India continuing to be significantly short of natural gas supply, Petronet LNG will benefit as the primary play on increasing usage of LNG. Currently stock is trading at PE ratio of 14.78x with TTM EPS of Rs 12.98.