Midwest Gold
4,503.85
+190.50(+4.42%)
Market Cap₹5,426.21 Cr
PE Ratio-759.39
IndustryConstruction
Company Performance:
1D+4.42%
1M-1.79%
6M+135.11%
1Y+2,121.93%
5Y+41,410.14%
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More news about Midwest Gold
26Dec 25
Motilal Oswal Initiates Coverage on Midwest with Buy Rating, ₹2,500 Bull Target
Motilal Oswal has initiated coverage on Midwest Gold with a Buy rating and target price of ₹2,000, with a bull case scenario targeting ₹2,500 representing 54% upside potential. The mining company, which listed in October at ₹1,065, has delivered 58% returns and dominates India's premium granite export market with over 64% share in Black Galaxy granite. The brokerage expects strong growth driven by diversification into quartz processing and heavy mineral sands, projecting revenue concentration to shift from 96-98% granite dependency to 50% by FY28.
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20Dec 25
Midwest Gold Limited Company Secretary Anant Patwari Resigns Effective December 20, 2025
Mr. Anant Patwari, Company Secretary and Compliance Officer of Midwest Gold Limited, has resigned effective December 20, 2025, to pursue an alternate career opportunity. The resignation was communicated to BSE Limited in compliance with regulatory requirements. Mr. Patwari, with membership number A63592, confirmed no other material reasons for his departure. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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18Nov 25
Midwest Gold Limited Incorporates Step-Down Subsidiary in Sri Lanka's Renewable Energy Sector
Midwest Gold Limited has incorporated a step-down wholly-owned subsidiary, Good Energy (Pvt) Ltd, in Sri Lanka. The new entity, with a share capital of LKR 300,000,000.00, will focus on renewable energy, clean energy, and battery energy storage systems. Good Energy (Pvt) Ltd is 100% held by Midwest Energy Private Limited, which is a wholly-owned subsidiary of Midwest Gold Limited. This move marks Midwest Gold's strategic expansion into the Sri Lankan renewable energy sector.
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08Nov 25
Midwest Gold Limited Reports Full Utilization of Rs 118.47 Crore Preferential Issue Funds
Midwest Gold Limited has completely utilized Rs 118.47 crore raised through a preferential issue. The funds were used for acquiring a 97.40% stake in Midwest Energy Private Limited (Rs 39.57 crore), debt repayment (Rs 19.60 crore), working capital (Rs 12.00 crore), and general corporate purposes (Rs 17.31 crore). The company also availed an overdraft facility of Rs 9.40 crore against fixed deposits for MEPL's expansion and working capital needs. The monitoring agency reported no deviations from the disclosed objectives.
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08Nov 25
Midwest Gold Reports Standalone Profit Amid Consolidated Losses in Q2 FY2026
Midwest Gold Limited announced Q2 FY2026 results with standalone profit of ₹72.57 crore but consolidated loss of ₹352.43 crore. Standalone revenue was ₹0.52 crore, while consolidated revenue reached ₹120.12 crore. Auditors issued a qualified opinion on ₹2,009.34 crore classified under Intangible Assets Under Development. The renewable energy segment reported ₹131.24 crore revenue but ₹262.72 crore loss. Management committed to improving documentation processes for intangible asset development costs. The company fully utilized ₹7,890.44 crore raised through preferential allotment for various purposes including expansion, working capital, debt repayment, and corporate needs.
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21Aug 25
Midwest Gold Approves Amalgamation of Wholly-Owned Subsidiary Midwest Energy
Midwest Gold Limited (MGL) has approved the amalgamation of its wholly-owned subsidiary, Midwest Energy Private Limited (MEPL), into the parent company. The move aims to streamline operations and create potential synergies. MGL, focused on mining and mineral processing, will integrate MEPL's expertise in advanced battery technology. The amalgamation, approved on August 21, 2025, falls under Section 233 of the Companies Act, 2013. No new shares will be issued, and MGL's shareholding pattern will remain unchanged. The transaction is subject to regulatory approvals.
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19Aug 25
Midwest Gold Limited to Consider Amalgamation with Wholly-Owned Subsidiary
Midwest Gold Limited has scheduled a board meeting for August 21, 2025, to consider a scheme of amalgamation with its wholly-owned subsidiary, Midwest Energy Private Limited. The meeting will be held under Section 233 of the Companies Act 2013 and applicable SEBI regulations. A trading window closure has been implemented from August 20, 2025, until 48 hours after the meeting outcome is disclosed to stock exchanges, in compliance with SEBI regulations.
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Midwest Gold
4,503.85
+190.50
(+4.42%)
1 Year Returns:+2,121.93%
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