Godawari Power And Ispat limited
Godawari Power & Ispat is mainly engaged in the business of Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys with generation of Electricity.
What Godawari files
- Others101
- Investor Meet79
- Important40
- Updates37
- JV/Acquisition18
- Board Meeting16
Godawari Power & Ispat resumed operations at its 2.0 MnT Iron Ore Pellet Plant, previously suspended. The restart is driven by improved market conditions, signaling a positive demand outlook and increased production capacity for GPIL.
GPIL issued notices for its 27th AGM and FY 2025-26 Annual Report, accessible via web-link for shareholders. Investors holding physical shares are urged to update KYC and dematerialize for seamless future payments.
GPIL's board approved partially divesting 16.75 lakh shares in Jammu Pigments Ltd (JPL) to JPL promoters/affiliates for Rs 49.99 Cr. This reduces GPIL's stake in JPL from 43.96% to 35.36%, streamlining its investment portfolio.
The company has temporarily suspended its 2 MnTPA Iron Ore Pellet Plant due to unviable production. High gas prices from curtailed supplies and increased market-sourced iron ore costs during the rainy season are key factors. Expect Q2FY27 profitability impact, but no long-term effect.
GPIL completed the divestment of its entire 37.85% stake in Ardent Steel. The final 9.22% equity was transferred for Rs 22.18 Cr, bringing GPIL's holding to 0%. Total divestment consideration: Rs 90.87 Cr.