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Latest news about Godawari Power & ISPAT

NCLT Approves Godawari Energy-Godawari Power Merger Without Shareholder Meetings 3 days ago

The NCLT Cuttack bench has approved the merger between Godawari Energy Limited and Godawari Power & ISPAT, waiving shareholder and creditor meetings. The merger, with an appointed date of April 1, 2021, aims to consolidate group structure, achieve operational synergies, and enhance financial efficiency. All equity shareholders of Godawari Energy provided consent through affidavits, while the scheme doesn't involve share issuance for Godawari Power & ISPAT. The merger is expected to streamline operations without affecting creditor rights or shareholder stakes.

Godawari Power and Ispat Holds EGM to Approve Warrant Issuance 4 days ago

Godawari Power and Ispat Schedules Public Hearing for Significant Iron Ore Mine Expansion 9 days ago

Godawari Power & Ispat Boosts Capacity with New Cold Rolling Mill Contract Oct 01, 2025

Godawari Power and Ispat to Raise ₹500 Crore Through Preferential Warrant Issue Sep 23, 2025

More news about Godawari Power & ISPAT

18Sept 25

Godawari Power & Ispat Corrects Investor Names in Rs 500 Crore Convertible Warrants Issue

Godawari Power & ISPAT has issued a corrigendum to rectify spelling errors in investor names for their Rs 500 crore preferential issue of convertible warrants. The corrections include changes to three investor names. The issue involves up to 2.04 crore warrants at Rs 245 per warrant, each convertible into one equity share within 18 months of allotment. Post-issue, assuming full conversion, the promoter group's shareholding is expected to slightly decrease from 63.51% to 63.05%, while public shareholding would increase from 36.49% to 36.95%.

15Sept 25

Godawari Power & Ispat to Consider Fund Raising via Preferential Issue in Upcoming Board Meeting

Godawari Power & ISPAT Limited has scheduled a board meeting for September 18, 2025, to discuss potential fund raising through preferential issue of securities, equity shares, or warrants. The meeting will also determine the issue price and seek necessary approvals. The company has closed the trading window for designated persons from September 16, 2025, until 48 hours after the meeting outcome announcement. Additionally, a plant visit and investor meeting with Inved Research is planned for the same day at the company's Raipur plant.

15Sept 25

Godawari Power and Ispat Shares Surge 10% to All-Time High Despite Weak Q1 Results

Godawari Power & ISPAT shares surged over 10% to an all-time high of ₹275 on Monday, closing at ₹269.7, despite weak Q1 results. The stock saw its highest trading volume since June 2023 at 4.5 crore shares. Q1 net profit declined 24.40% YoY to ₹216.00 crore, while revenue fell 2.00% to ₹1,345.00 crore. EBITDA dropped 20.80% to ₹346.00 crore, with margins contracting by 6.10 percentage points. The company has achieved 25% of its production guidance for rolled products and 30% for ferro alloys. Investor interest remains high, with Inved Research representatives scheduled to visit the company's plant in Raipur, Chhattisgarh.

08Aug 25

Godawari Power & Ispat Unveils INR 1,600 Crore Expansion Plan Amid Steady Q1 Performance

Godawari Power & Ispat Limited (GPIL) has unveiled expansion plans worth INR 1,600 crore, including a INR 900 crore cold rolling mill complex and a INR 700 crore battery energy storage system in Maharashtra. The company reported steady Q1 financial performance with an EBITDA margin of 24% and PAT margin of 15%. Ferro alloys production and sales volume increased by about 15% and 13% year-on-year. GPIL received approval from PGCIL to supply steel billets for transmission projects. The company expects to receive approvals for Ari Dongri mining capacity expansion by Q3 and is on schedule with its pellet expansion project.

05Aug 25

Godawari Power & Ispat Approves Subsidiary Merger, Rs 1,600 Crore Expansion Plans

Godawari Power & ISPAT approved merger with subsidiary Godawari Energy Limited, 0.7 MTPA Cold Rolling Mill Project (Rs 900 crore), and 10 GWh Battery Energy Storage System Plant (Rs 700 crore). Q1 results show revenue of Rs 1,323 crore (-1% YoY), EBITDA of Rs 324 crore (-20% YoY), and net profit of Rs 216 crore (-25% YoY). Company maintained strong margins despite market challenges. Operational highlights include increased ferro alloys production and resumed operations at Boria Tibu mines.

05Aug 25

Godawari Power and Ispat Unveils Rs 1,600 Crore Expansion Plans and Robust Q1 Results

Godawari Power & ISPAT reported solid Q1 results with a consolidated net profit of Rs 216.41 crores. The company unveiled two major expansion projects: a 0.7 MTPA Cold Rolling Mill Project worth Rs 900 crores and a 10 GWh Battery Energy Storage System Plant costing Rs 700 crores. The board approved the merger of subsidiary Godawari Energy Limited with GPIL and re-appointed Bajrang Lal Agrawal as Chairman-cum Managing Director for 5 years. The 26th Annual General Meeting is scheduled for September 20.

16Jul 25

Godawari Power And Ispat Secures Environmental Clearance for 2 Million Ton Integrated Steel Plant in Chhattisgarh

Godawari Power & ISPAT Limited (GPIL) has obtained environmental clearance from the Ministry of Environment, Forests & Climate Change for a new 2 million tons per annum integrated steel plant in Chhattisgarh. The project, located in Village Sarora, Tahsil Tilda, District Raipur, was approved following the 7th meeting of the Expert Appraisal Committee. GPIL has informed the National Stock Exchange of India Ltd (NSE) and BSE Limited about this development in compliance with SEBI regulations.

03Jul 25

Godawari Power Secures Approval for Steel Billet Production

Godawari Power & ISPAT has received approval from Power Grid Corporation of India to produce steel billets for galvanized fabricated steel structures. This approval allows the company to diversify its product portfolio in the steel sector, potentially opening new revenue streams and market opportunities in the construction and infrastructure industries. The approval suggests that Godawari Power's steel billets meet quality standards for critical infrastructure projects, particularly in the power transmission sector.

27May 25

Godawari Power and Ispat Resumes Mining Operations at Boria Tibu Iron Ore Mines

Godawari Power and Ispat Limited has resumed mining operations at its Boria Tibu Iron Ore Mines with an approved mining plan extending until 2030. This development ensures a stable iron ore supply for the company's steel production, potentially reducing external dependencies and optimizing costs. The long-term approval allows for more confident strategic planning in the face of industry challenges related to raw material availability and price volatility.

22May 25

Godawari Power Eyes 20%+ Volume Growth in FY '26, Sets 3 Million Pellet Target

Godawari Power and Ispat Limited projects over 20% volume growth in FY '26, matching FY '25 expectations. The company aims for 3 million pellet production in FY '26, with an additional 0.5-0.6 million from a new plant. These targets are subject to market conditions.

22May 25

Godawari Power Maintains 12% Growth Forecast for Current Financial Year

Godawari Power and Ispat Limited has maintained its 12% growth projection for the current financial year during a recent conference call. The company acknowledges potential seasonal challenges, particularly in winter months, but remains confident in achieving its annual target. This forecast reflects the company's optimistic outlook on its operational efficiency and market position despite industry fluctuations.

21May 25

Godawari Power & Ispat Reports Q4 Profit Growth, Announces Dividend and Debt Plans

Godawari Power & Ispat's Q4 results show a slight increase in consolidated net profit to ₹2.22 billion, up 0.91% year-over-year. Revenue decreased by 4.05% to ₹14.68 billion. The company declared a dividend of ₹1 per share and plans to raise ₹3 billion in long-term debt.

20May 25

Godawari Power and Ispat: Q4 Profit Up 1.4%, Dividend Declared, Expansion Plans Approved

Godawari Power and Ispat Ltd reported a 4% decrease in Q4 revenue to ₹1,468.00 crore, but saw a 1.4% increase in net profit to ₹221.30 crore. The company declared a final dividend of ₹1.00 per share and approved expansion plans, including a 50,000 tonnes increase in steel melting capacity and revision of solar power capacity to 125 MWp.

01Apr 25

Godawari Power and Ispat Halts Mining Operations at Boria Tibu, Expects Quick Resumption

Godawari Power and Ispat Limited (GPIL) has temporarily suspended operations at its Boria Tibu Iron Ore Mines in Chhattisgarh from April 1, 2025, due to the expiration of its mining plan approval. The company has applied for renewal and expects to resume operations within 10 days. The mine has an annual capacity of 705,000 TPA, but GPIL states the suspension will have minimal financial impact due to the mine's negligible contribution to overall profitability. GPIL management will meet with investors and analysts on April 4, 2025.

20Mar 25

Godawari Power & Ispat Eyes Rs 150 Crore EBITDA Boost from Power Grid Deal, Announces Investor Meet

Godawari Power & Ispat Ltd. (GPIL) anticipates an additional EBITDA of Rs 150 crore from supplying steel billets to Power Grid Corporation, with full production capacity expected by FY26. The company is also expanding its Aridongri mines, awaiting environmental clearance by June 2025. GPIL has scheduled a virtual meeting with ICICI Prudential AMC on March 26, 2025, indicating active investor engagement.