Godawari Power And Ispat limited has informed the Exchange regarding a press release dated September 27, 2025, titled "Press Release on unfortunate accident occurred in Godawari Power and Ispat Limited on 26 September 2025".
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On September 26, 2025, a tragic accident occurred at Godawari Power and Ispat's Siltara Plant in Chhattisgarh, killing 6 employees and injuring 6 others. Of the injured, 1 has been discharged while 5 remain under specialist care — 3 with superficial burn injuries and 2 with slightly more spread burns; all are reported out of danger. The company has provided approximately ₹46 lakh in financial assistance to the families of the deceased. Additionally, GPIL has committed to offering jobs to eligible family members, pension support up to age 62 where employment isn't possible, and full education support for the children of the deceased.
This is a tragic workplace incident that may weigh on short-term investor sentiment and raise concerns around plant safety and ESG factors. The immediate financial impact is limited (₹46 lakh), but the incident could attract regulatory scrutiny, potential operational disruption at Siltara, and longer-term reputational considerations for shareholders.