Godawari Power & Ispat Merger & Restructuring Worth ₹100 Cr
GPIL invested ₹100 Crore in its wholly-owned subsidiary GNEPL through a rights issue. Funds will support setting up a 20 GWh battery energy storage system plant.
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- ₹100.0 Cr
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GPIL invested ₹100 Crore in its wholly-owned subsidiary GNEPL through a rights issue. Funds will support setting up a 20 GWh battery energy storage system plant.
Godawari Power & Ispat Limited allotted 3,71,520 equity shares under its 2023 ESOP scheme. The exercise realized ₹4.32 Crore, increasing the company's total paid-up capital.
GPIL convened an EGM for June 27, 2026, to approve ₹164.40 Crore in financial transactions and director pay. Resolutions include a ₹150 Crore subsidiary loan limit.
CRISIL reaffirmed Godawari Power's 'CRISIL AA-' long-term and 'CRISIL A1+' short-term ratings. The long-term outlook was revised from Positive to Stable, reflecting stable creditworthiness.
Godawari Power and Ispat called an EGM for June 27, 2026. Key items include approving a ₹150 Crore subsidiary loan and revising director remunerations.
GPIL reported stable FY26 consolidated revenue with EBITDA of ₹1,253 Cr and PAT of ₹802 Cr. Strategic focus is on massive capacity expansion in iron ore, steel, and BESS projects.
Godawari Power and Ispat Limited completed its 37.85% stake sale in Ardent Steel Private Limited. The final tranche realized ₹22.18 Crore, concluding the divestment.
Godawari Power delivered stable FY26 results with strong EBITDA margins despite softer realizations, while pivoting toward massive expansion in battery energy storage and integrated steel.
Godawari Power and Ispat re-appointed ASGA & Co. and Sanat Joshi & Associates as internal and cost auditors for FY 2026-27. The move ensures continuity in oversight.
Godawari Power recommended a final dividend of ₹1 per share for FY 2025-26. The record date is August 14, 2026, pending shareholder approval.
GPIL will invest ₹200 Crore in its subsidiary, GNEPL, to fund a Battery Energy Storage System plant. This strategic move increases total investment to ₹700 Crore.
Godawari Power and Ispat reported nil deviation in utilizing ₹150.22 Crore raised through preferential warrants. Funds were primarily deployed into BESS project investments and project funding.
Godawari Power and Ispat updated its authorized Key Managerial Personnel list under Regulation 30(5) effective May 19, 2026. This administrative update ensures regulatory compliance.
Godawari Power & Ispat (GPIL) delivered steady FY26 performance with Revenue at ₹5,381 Cr and EBITDA at ₹1,253 Cr. Strategy focuses on doubling iron ore mining and massive expansion into BESS and solar power.
Godawari Power & Ispat commissioned its 25 MWp captive solar plant in Chhattisgarh. Power will replace high-cost grid electricity at iron ore mines, reducing costs.
Godawari Power & Ispat Ltd reported revenue from operations of ₹1,610 Cr (+9.7% YoY) and net profit of ₹280.2 Cr (+26.4% YoY) for Q4 FY26.
Godawari Power and Ispat approved its FY26 audited financial results and recommended a 100% final dividend. The board also approved a Rs.200 Crore investment for a BESS plant.
Godawari Power and Ispat Limited submitted its quarterly Monitoring Agency Report for a ₹500 Crore preferential issue. Funds are being utilized for BESS projects and corporate purposes.
Godawari Power and Ispat Ltd has updated its Corporate Identification Number (CIN) to L24100CT1999PLC013756. The change follows an update to the company's National Industrial Classification (NIC) code as recorded by the Ministry of Corporate Affairs. There are no changes to the company's legal status, registered office, or share capital.
Godawari Power and Ispat Limited has rescheduled its Board Meeting to May 19, 2026, from the original May 15 date. The meeting will consider audited standalone and consolidated annual financial results and a final dividend for FY2026. The delay is attributed to the sudden demise of a promoter group member.
Godawari Power and Ispat Limited has rescheduled its Board Meeting from May 15, 2026, to May 19, 2026, due to a bereavement in the promoter group. The board will consider FY26 audited financial results and a final dividend recommendation. The trading window remains closed until May 21, 2026.
Godawari Power and Ispat Limited announced the sad demise of Mrs. Madhu Agrawal, a member of the Promoter Group, on May 3, 2026. She held 2,00,61,155 equity shares (2.98% stake) and will cease to be part of the promoter group in due course as per SEBI regulations.
Godawari Power & Ispat Limited has scheduled a Board Meeting on May 15, 2026. The board will consider and approve audited standalone and consolidated financial results for the year ended March 31, 2026, and recommend a final dividend for the same period.
Godawari Power and Ispat's subsidiary, GNEPL, signed a supply agreement with Roche Energy (China) for BESS components. Roche Energy will supply the Balance of System for a 5 MWh DC Block for GNEPL's 20 GWH battery storage plant in Maharashtra. This partnership secures a stable supply chain for the company's entry into BESS manufacturing.
Godawari Power and Ispat Limited (GPIL) transferred 7,32,000 equity shares (9.24%) of Ardent Steel Private Limited for ₹22.18 Crore. This marks the third tranche of a larger divestment plan, reducing GPIL's stake in the associate company from 18.46% to 9.22%.
Godawari Power & Ispat Ltd allotted 13,61,000 equity shares to Meridien Realtech Private Limited upon conversion of warrants. The transaction involved a payment of ₹25.01 Crore, representing the remaining 75% of the issue price. This conversion increases the company's paid-up capital and the allottee's stake to 0.37%.
Godawari Power and Ispat Limited (GPIL) invested ₹50.00 Crore in its wholly-owned subsidiary, Godawari New Energy Private Limited. The capital was infused via a rights issue to fund a proposed 20 GWh Battery Energy Storage System (BESS) plant in Maharashtra. Following this allotment, GPIL's total investment in the subsidiary reaches ₹350.00 Crore.
Godawari Power and Ispat Limited (GPIL) invested ₹50 Crore in its wholly-owned subsidiary, Godawari New Energy Private Limited, via a rights issue. The funds will support a 20 GWh battery energy storage system plant. GPIL's total investment in the subsidiary now stands at ₹350 Crore, maintaining 100% ownership.
Godawari Power & Ispat's subsidiary, GNEPL, entered a 5-year supply agreement with China's EVE Power Co. Ltd for LFP cells. This partnership supports manufacturing the first 20 GWH phase of Battery Energy Storage Systems (BESS). The tie-up secures a stable, cost-effective supply chain for Grade 1 cells, marking a major milestone for GNEPL's BESS assembly line.