Godawari Power Stable/ CRISIL A1+ of the company. Powered by Capital Market - Live

Godawari Power has entered into an agreement with GAIL (India) on 10 December 2024 for supply of RLNG Gas for the company's upcoming pellet plant in the ordinary course of business for a period of seven years. Godawari Power & Ispat is the flagship arm of Chhattisgarh-based Hira Group of Industries. The company has two captive iron ore mines, pellet plant and a vertically integrated steel plant in Raipur. The steel plant manufactures sponge iron, billets, MS rounds, HB wires, ferro alloys and pre-fab structures. The company's consolidated net profit declined 38.05% to Rs 159.12 crore on 1.81% decrease in revenue to Rs 1,267.57 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The Board of Godawari Power & Ispat at its meeting held on 19 November 2024 has approved acquisition of up to 51% stake in Jammu Pigments (JPL) for a consideration of Rs 255 crore. JPL is engaged in the Business of Recycling of NonFerrous Metals with operations covering recycling of Lead Acid Batteries and other Secondary Lead waste. The company and its subsidiaries are also equipped to process complex mixtures of Industrial waste of non-ferrous metals. JPL's advanced technical expertise enables the efficient extraction of trace metals from waste materials ensuring highly cost-effective operations. JPL & its subsidiaries has manufacturing units located at Kathua district, Jammu & Kashmir and Kota, Rajasthan. The Board also approved to cancel the proposed transactions with RG Pigments (RGPL) for acquisition of 74% stake in RGPL, which was approved by the Board of Directors of GPIL in its meeting held on 6 November 2024. RGPL is the wholly owned subsidiary of JPL and shall continue to be 100% subsidiary of JPL.Powered by Capital Market - Live

The acquisition was subject to the execution of definitive transaction documents and the fulfillment of certain conditions before the proposed transaction could be finalized. Jammu Pigments is engaged in the business of recycling of non-ferrous metals, with operations covering recycling of lead acid batteries and other secondary lead waste. The company and its subsidiaries are also equipped to process complex mixtures of industrial waste of non-ferrous metals. Objects of acquisition are to diversify company's business activities into recycling of non-ferrous metals, which is an emerging business and provides growth opportunities. The transaction is expected to be completed in one or more tranches on or before 31 March 2025. JPL's advanced technical expertise enables the efficient extraction of trace metals from waste materials, ensuring highly cost-effective operations. JPL and its subsidiaries have manufacturing units located in Kathua district in Jammu and Kashmir and Kota in Rajasthan. The company's board has also approved to cancel the proposed acquisition of a 74% stake in RG Pigments, which was approved on 6 November 2024. RGPL is a wholly owned subsidiary of JPL and shall continue to be 100% subsidiary of JPL. Godawari Power & Ispat is the flagship arm of Chhattisgarh-based Hira Group of Industries. The company has two captive iron ore mines, pellet plant and a vertically integrated steel plant in Raipur. The steel plant manufactures sponge iron, billets, MS rounds, HB wires, ferro alloys and pre-fab structures. The company's consolidated net profit declined 38.05% to Rs 159.12 crore on 1.81% decrease in revenue to Rs 1,267.57 crore in Q2 FY25 over Q2 FY24. Shares of Godawari Power & Ispat rose 0.43% to Rs 187.95 on the BSE.Powered by Capital Market - Live

Godawari Power & Ispat announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 December 2024 .Powered by Capital Market - Live

Net profit of Godawari Power & Ispat declined 38.05% to Rs 159.12 crore in the quarter ended September 2024 as against Rs 256.86 crore during the previous quarter ended September 2023. Sales declined 1.82% to Rs 1267.57 crore in the quarter ended September 2024 as against Rs 1291.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1267.571291.04 -2 OPM %19.4628.00 - PBDT256.55377.63 -32 PBT217.09342.80 -37 NP159.12256.86 -38 Powered by Capital Market - Live

Godawari Power & Ispat will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live

Godawari Power & Ispat (GPIL) announced that its subsidiary, Alok Ferro Alloys (AFAL) made a buyback Offer for purchase of 29,91,875 equity shares. The company being a holding Company did not participate in the aforesaid buyback offer as result, the equity shares held by all other existing shareholders of AFAL have been purchased. Consequently. AFAL has become 100% Subsidiary Company of GPIL.Powered by Capital Market - Live

Godawari Power & Ispat announced that the Board of Directors of the Company at its meeting held on 7 August 2024, inter alia, have recommended the special dividend of Rs 1.25 per equity Share (i.e. 25%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Godawari Power & Ispat announced that the 25th Annual General Meeting (AGM) of the company will be held on 21 September 2024.Powered by Capital Market - Live