And, Gujarat was no different
till a few years ago. Today, however, the Gujarat Urja Vikas Nigam Limited
(GUVNL) is one of the very few power utilities in the country that boasts of
making a profit.
It is this
rags-to-riches story that the prestigious London Business School (LBS) of the
University of London has
recognised.
A case study on
GUVNL's turnaround, prepared by Dr Rakesh Mohan Joshi, chairperson at the Indian
Institute of Foreign Trade, New Delhi, has been selected as one among eight
winners in a global competition initiated by the Aditya V Birla India Centre at
LBS.