Godawari Power & Ispat Limited has received the final operational consent for its expanded Ari Dongri Iron Ore Mines, marking a significant milestone in the company's capacity enhancement initiative. The Chhattisgarh Environment Conservation Board granted the consent to operate at enhanced capacity through its letter dated 09.02.2026, enabling the company to commence mining operations immediately.

Capacity Enhancement Details

The expansion represents a substantial increase in the company's iron ore mining capabilities. The operational consent allows Godawari Power & Ispat to scale up its mining operations significantly at the Ari Dongri facility.

Regulatory Approvals Timeline

The company has maintained transparency with stakeholders through regular updates on the approval process. Godawari Power & Ispat had previously informed exchanges about receiving Environmental Clearance from the Ministry of Environment, Forest and Climate Change on 31.01.2026. This clearance was issued by the State Environment Impact Assessment Authority (SEIAA) Chhattisgarh and covered the capacity expansion from 2.35 MTPA to 6 MTPA.

The company had provided earlier intimations to the exchanges on multiple dates including 10.10.2025, 13.11.2025, 07.01.2026, and 31.01.2026, keeping investors informed about the progress of regulatory approvals for the expansion project.

Immediate Operations Commencement

Following the receipt of operational consent, Godawari Power & Ispat announced that mining operations with the enhanced capacity commenced immediately. The company stated that operations at the expanded capacity began from the same day the consent was received, demonstrating readiness to utilize the enhanced mining capabilities.

The consent to operate represents the final regulatory approval required for the company to begin mining at the increased capacity of 6 MTPA, completing the expansion process that had been in progress through various regulatory stages. This development positions the company to significantly increase its iron ore production from the Ari Dongri mines facility.

Godawari Power & Ispat Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, along with several strategic business decisions approved by the board of directors on February 6, 2026. The company submitted these results under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating regulatory compliance alongside mixed performance with revenue declining year-over-year while maintaining profitability.

Financial Performance Overview

The company's standalone financial results showed revenue from operations of ₹1,001.47 crores for Q3FY26, compared to ₹1,095.26 crores in the corresponding quarter of the previous year. Despite the revenue decline, the company maintained strong profitability with net profit reaching ₹148.54 crores for the quarter, representing a 9.42% increase from ₹135.75 crores in Q3FY25.

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹3,277.97 crores compared to ₹3,385.65 crores in the previous year, while net profit increased to ₹597.44 crores from ₹565.15 crores.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹1,139.45 crores for Q3FY26 against ₹1,297.60 crores in Q3FY25. Consolidated net profit for the quarter stood at ₹143.25 crores compared to ₹144.78 crores in the previous year.

Strategic Business Decisions

The board approved several significant strategic initiatives during the meeting. The company decided to purchase 4 railway wagons for transportation of raw materials and finished goods at an investment of ₹120 crores from internal accruals, primarily for captive use. To support this initiative, the board proposed amending the Memorandum of Association to include logistics and allied activities as an additional business object.

Major Divestment and Investment

Godawari Power approved the disposal of its entire 37.85% stake in Ardent Steels Private Limited, an associate company, for a consideration of ₹90.87 crores to RJ Logistic Private Limited. The transaction is expected to be completed by June 30, 2026.

Simultaneously, the board approved an additional investment of ₹200 crores in Godawari New Energy Private Limited (GNEPL), a wholly owned subsidiary, for CAPEX and working capital requirements for setting up a Battery Energy Storage System (BESS) Plant. This brings the total planned investment in GNEPL to ₹500 crores.

Regulatory Compliance and Corporate Governance

The company filed these results under Regulation 33 of SEBI Listing Regulations, with the financial results reviewed by the Audit Committee and approved by the Board of Directors. The results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The board scheduled an Extraordinary General Meeting (EGM) for March 14, 2026, through video conferencing to obtain shareholder approval for the amendment of the main objects clause in the company's Memorandum of Association.

Operational Milestones

The company achieved a significant operational milestone by successfully commissioning its 2 MnT Iron Ore Pellet Plant on December 8, 2025. Additionally, Godawari Power received ₹130.01 crores during the quarter from preferential allotment of warrants, of which ₹124.95 crores was invested in GNEPL for the BESS project, while ₹5.06 crores remains in an escrow account. The company maintains multiple ISO certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, 50001:2018, and 27001:2022, demonstrating its commitment to quality and compliance standards.