Godawari Power & Ispat Limited (GPIL) addressed queries regarding recent volume increases, attributing it to market dynamics. The company highlighted previous announcements, including dividend approval on May 20, 2025, capacity expansions, subsidiary incorporation, mining resumption, and environmental clearances. A scheme of amalgamation and further investments in Godawari New Energy Pvt Ltd (GNEPL) were also noted. GPIL states they have no control over the share movement.
Response to Volume Increase Inquiry
Godawari Power & Ispat Limited (GPIL) has responded to an inquiry regarding recent increases in trading volume. The company stated the share price movement is purely market-driven, and GPIL has no specific knowledge of the underlying reasons. The company emphasizes its commitment to timely and accurate disclosures.
Key Announcements & Updates
The company references several prior announcements that may be relevant to investor interest:
- Corporate Action – Board approves Dividend on May 20, 2025
- Capacity Expansion Intimation on May 20, 2025
- Subsidiary Incorporation (Godawari Education and Research Foundation) on May 20, 2025
- Mining Operations Resumption on May 27, 2025
- Steel Billets Approval by Power Grid Corporation of India Ltd on July 3, 2025
- Environmental Clearance Receipt on July 16, 2025 for Integrated Steel Plant.
- Scheme of Amalgamation of Godawari Energy Limited on August 5, 2025
- Capacity Expansion for 7,00,000 MTPA Cold Rolling Mill on August 5, 2025
- Updates Regarding Further Investment in Godawari New Energy Pvt Ltd (GNEPL) on August 5, 2025
- Battery Energy Storage System Plant approval for 10 Gwh capacity on August 5, 2025
Battery Energy Storage System Plant
The company approved the setting up of a Battery Energy Storage System Plant with an initial capacity of 10 Gwh through its Wholly Owned Subsidiary Godawari New Energy Pvt Ltd (GNEPL) on August 5, 2025.
Upcoming Board Meeting
A board meeting is scheduled for September 18, 2025, to address fund raising.
Source: BSE