Godawari Power And Ispat limited has informed the Exchange about Acquisition of Shares of Godawari New Energy Private Limited, please refer point no. 4 of the outcome.
GPIL · price
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Awaiting price reaction for this filing.
Godawari Power and Ispat's board approved its Q1 FY26 results, with standalone revenue from operations at Rs. 1,133.93 crore (down from Rs. 1,194.08 crore YoY) and net profit at Rs. 200.50 crore (down from Rs. 273.66 crore YoY). Consolidated net profit fell to Rs. 216.41 crore from Rs. 293.30 crore YoY. The board approved the amalgamation of its wholly-owned subsidiary Godawari Energy Limited (GEL) into GPIL, to be filed with the National Company Law Tribunal (NCLT) — no share swap as GEL is fully owned. A 0.7 MTPA Cold Rolling Mill project at Sarora, Chhattisgarh was approved at Rs. 900 crore (Rs. 600 crore debt, Rs. 300 crore internal accruals), targeted for April 2027. A new Battery Energy Storage System plant with 10 GWh capacity was approved through newly incorporated subsidiary Godawari New Energy Pvt Ltd (GNEPL) at Rs. 700 crore. Chairman-cum MD Bajrang Lal Agrawal was re-appointed for 5 years, and the 26th AGM was set for September 20, 2025.
Mixed near-term picture: Q1 profits slipped sharply year-on-year despite stable revenues, which may pressure the stock in the short term. However, the Rs. 1,600 crore combined capex push into value-added steel (Cold Rolling) and the new energy/battery storage business signals a major diversification and forward-integration strategy that could support long-term growth once operational.