Godawari Power & Ispat (GPIL) has approved key strategic decisions, including expanding into logistics, Q3 2026 financial results, and further investment in Godawari New Energy. The company will purchase railway wagons for ₹120 Crores and invest an additional ₹200 Crores in its subsidiary. GPIL also approved the sale of its stake in Ardent Steels for ₹90.87 Crores. Q3 consolidated net profit was ₹143.45 Crores.
Expanding into Logistics
Godawari Power & Ispat plans to expand its business activities to include logistics and rail transportation, with the goal of improving the efficiency and reliability of raw material and finished goods transportation. This expansion includes purchasing 4 railway wagons with an investment of ₹120 Crores from internal funds.
Financial Performance: Q3 2026
GPIL’s Board reviewed and approved the unaudited financial results for the quarter ended December 31, 2025 (Q3 2026). Key figures from the consolidated financial results include:
- Total Income: ₹1,166.40 Crores
- Net Profit After Tax: ₹143.45 Crores
Strategic Divestment
The Board has approved the disposal of its entire stake of 37.85% in Ardent Steels Private Limited for a consideration of ₹90.87 Crores, pending regulatory approvals.
Investment in Renewable Energy
GPIL will further invest ₹200 Crores in Godawari New Energy Private Limited (GNEPL), a wholly-owned subsidiary, to enhance battery energy storage system (BESS) capabilities. This is in addition to the existing investments of ₹300 Crores, totaling the Company’s initial investment in GNEPL to ₹500 Crores.
Source: BSE
