Godawari Power & Ispat Limited’s board approved the Q3 2026 financial results, a logistics expansion via railway wagons and object clause amendment, and a further investment in Godawari New Energy for battery storage. The company will purchase railway wagons for approximately ₹120 Crore. The Board also approved disposal of entire stake in Ardent Steels Private Limited for ₹90.87 Crores.
Q3 2026 Financial Performance
The Board of Directors of Godawari Power & Ispat Limited has approved the Un-Audited Financial Results for the quarter and nine months ended December 31, 2025.
Logistics Expansion and Object Clause Amendment
Godawari Power plans to purchase 4 railway wagons for around ₹120 Crore to transport raw materials and finished goods. It is intended for internal use. An amendment to the Memorandum of Association will be proposed, adding “to undertake and commence logistics and allied activities.” to the main objects.
Ardent Steels Stake Disposal
The Board also approved the disposal of the entire 37.85% stake in Ardent Steels Private Limited, an associate company, for a consideration of ₹90.87 Crores.
Investment in Godawari New Energy Private Limited (GNEPL)
An additional investment of ₹200 Crores has been approved for Godawari New Energy Private Limited (GNEPL), increasing the total initial investment to ₹500 Crores. These funds are allocated for CAPEX and working capital needed for setting up a Battery Energy Storage System (BESS) Plant by GNEPL. As of December 31, 2025 the net worth is ₹221.84 Crores includes Preference Share Capital and Turnover is NIL.
Source: BSE
