Godawari Power & Ispat’s board approved the financial results for Q3 2026, along with the purchase of railway wagons for ₹120 crore to improve transportation. The board has also proposed amending the object clause to include logistics and rail activities, aligning with the company’s expansion plans and aiming to optimize wagon utilization.
Financial Results Approved
The Board of Directors has approved the unaudited financial results for the quarter and nine months ending December 31, 2025.
Railway Wagon Investment
The company will purchase 4 railway wagons for transportation of raw material and finished goods with an investment of ₹120 Crores from internal accruals for captive use.
Logistics and Rail Transportation Expansion
The company is proposing an amendment to its Memorandum of Association to include logistics and allied activities as an additional line of business, subject to shareholder approval. This move supports operational continuity and logistics reliability.
This includes plans to lease wagons and transport goods for third parties, ensuring efficient wagon utilization during idle periods. The object clause of the Memorandum of Association will be updated to reflect this expanded scope.
Ardent Steels Stake Disposal
The company will dispose of its entire 37.85% stake in Ardent Steels Private Limited for ₹90.87 Crores, contingent upon fulfilling statutory and contractual requirements. Post-transaction, Ardent Steels will cease to be an Associate Company of Godawari Power.
Additional Investment in Godawari New Energy
An additional investment of ₹200 Crores has been approved for Godawari New Energy Private Limited (GNEPL), a wholly-owned subsidiary. This is in addition to the existing investments of ₹300 Crores. The investments will support the Battery Energy Storage System (BESS) plant by GNEPL, bringing the total initial investment to ₹500 Crores.
Source: BSE
