Godawari Power & Ispat (GPIL) has approved significant expansion plans including venturing into logistics, purchasing 4 railway wagons for ₹120 Crores, and investing an additional ₹200 Crores in its subsidiary, Godawari New Energy Private Limited (GNEPL). The company will also dispose of its entire stake in Ardent Steels Private Limited for ₹90.87 Crores. These strategic moves aim to enhance operational efficiency and support long-term growth.
Logistics Expansion
Godawari Power & Ispat is expanding its business by adding logistics and allied activities as a new line of operation. The company intends to utilize idle railway wagons for transporting goods for third parties. To facilitate this, it will seek shareholder approval to amend its Memorandum of Association to include these activities.
Railway Wagon Investment
The board has approved the purchase of 4 railway wagons for approximately ₹120 Crores. This investment aims to improve the transportation of raw materials and finished goods, enhancing operational efficiency and reducing dependence on third-party logistics providers. The wagons will be primarily used for captive purposes.
Ardent Steels Stake Sale
The company will dispose of its entire 37.85% stake in Ardent Steels Private Limited, an associate company, for a consideration of ₹90.87 Crores. This decision is subject to statutory and contractual requirements. Post-transaction, Ardent Steels will no longer be an associate company of GPIL.
Additional Investment in Godawari New Energy Private Limited
An additional investment of ₹200 Crores has been approved for Godawari New Energy Private Limited (GNEPL), a wholly-owned subsidiary. This investment supplements the existing ₹300 Crores and aims to support the CAPEX and working capital needs for establishing a Battery Energy Storage System (BESS) Plant. The total investment in GNEPL is now ₹500 Crores.
Financial Performance Highlights (Q3 2026)
The company’s financial results for Q3 2026, show a total income of ₹1,027.64 Crores and a profit after tax of ₹148.54 Crores. For the nine months ending December 31, 2025, the total income was ₹3,443.52 Crores, with a profit after tax of ₹597.44 Crores. The company has also commissioned its 2 MnT Iron Ore Pellet Plant on December 8, 2025.
Source: BSE
