About Dakshin Gujarat Vij Company Ltd (DGVCL):
Pursuant to direction from Government of Gujarat for reorganization of the power sector in the state, Gujarat Electricity Board has been unbundled into separate seven Companies with functional responsibilities for generation, transmission, distribution and trading of electricity with complete autonomous operations.
Accordingly, the distribution undertakings and functions of the Southern Distribution Zone of the erstwhile GEB stand transferred to and vest in Dakshin Gujrat Vij Company Limited.The company was incorporated as a Public Limited Company on 15th September, 2003, primarily to carry out distribution of electricity to retail and bulk consumers and has become operational effective from 1st April 2005. The Company is engaged in distribution of electricity in 7 districts namely Bharuch, Narmada, Surat (except part of Surat City), Tapi, Dangs, Navsari and Valsad in South Gujarat. The Company is a wholly owned subsidiary Company of Gujarat Urja Vikas Nigam Limited, a government Company. The Company was incorporated with an authorized Capital of Rs. 10 Lacs divided into 1,00,000 equity shares of Rs.10/- each , the same has been increased to Rs. 500 Crores.
ACHIEVEMENTS:
- DGVCL is ranked number one DISCOM in the country bagging A+ Rating for its consistent financial and operational efficiency. DGVCL received highest rating in the Third Annual Integrated Ratings among a total 40 stated owned distribution utilities rated by ICRA Ltd. & Credit Analysis and Research Ltd. as per the framework approved by Ministry of Power.
- DGVCL: Best Performing Utility – State
- DGVCL has bagged ‘Utilities and T&D Awards—Award for Best Performing Utility — State (DISCOM)’ for being India’s Best Performing & Operating PSE Distribution Utility 2013-14. The Award was bestowed upon DGVCL at 8th Enertia Awards 2014 — India’s Awards for Sustainable Energy & Power on November 27, 2014 in New Delhi.
VIGIL MECHANISM / WHISTLE BLOWER POLICY:
BACKGROUND:
Section 177(9) of the Companies Act, 2013, requires every listed company or such class or classes of companies, as may be prescribed to establish a vigil mechanism for the directors and employees to report genuine concerns
in such manner as may be prescribed. Such a vigil mechanism shall provide for adequate safeguards against victimization of persons who use such mechanism and make provision for direct access to the chairperson of the
Audit Committee in appropriate or exceptional cases.
OBJECTIVES OF POLICY:
A Whistle Blower (Vigil) mechanism provides a frame work and channel to the employees and Directors of the Company to report to the management concerns about unethical behavior, actual or suspected fraud or violation of
the policy. The mechanism provides for adequate safeguards against victimization of employees to avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee in exceptional cases.
ELIGIBILITY:
All permanent Employees (including future employees) of the Company (excluding contractual employees) and present Directors (including future Directors) are eligible to make Protected Disclosure(s) under the Policy in
relation to matters concerning the Company.
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