The Board of Directors at Godawari Power & Ispat has approved the Q2 FY26 financial results, allotting 2,04,08,220 equity warrants on a preferential basis. Additionally, the board approved investments up to ₹300 crore in Godawari New Energy Private Limited (GNEPL) for a Battery Energy Storage System Plant and the establishment of a 250 MWp Solar Power Plant.
Financial Performance Highlights (Q2 FY26)
Godawari Power & Ispat has announced its standalone unaudited financial results for Q2 FY26. Key figures include:
- Total Income: ₹1,257.59 crore
- Profit before exceptional items and tax: ₹312.96 crore
- Net Profit for the period: ₹248.40 crore
- Earnings Per Share: ₹3.84 basic, ₹3.82 diluted
Consolidated results saw a Total Income of ₹1,327.16 crore and a Net Profit attributable to owners of the Company of ₹161.44 crore.
Equity Warrant Allotment
The board approved the allotment of 2,04,08,220 equity warrants on a preferential basis to specified investors. These warrants are priced at ₹245 per warrant and are convertible into an equal number of equity shares. A sum of ₹1,25,00,03,475, representing 25% of the total issue price, has been received from the proposed allottees.
Investment in Godawari New Energy
The board has approved investments up to ₹300 crore in Godawari New Energy Private Limited (GNEPL), a wholly-owned subsidiary. This includes existing investments in equity shares of GNEPL and a proposed rights issue offer for subscription of 12,49,50,000 Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares. These investments are intended for capex and working capital requirements of GNEPL’s Battery Energy Storage System Plant.
Solar Power Plant Project
Godawari Power plans to set up a 250 MWp Solar Power Plant at Raigarh, Chhattisgarh. This project aims to meet the power requirements of the upcoming Cold Rolling Mill project and the existing steel plant at Siltara, replacing high-cost thermal/grid power. The project is expected to be commissioned by March 2027.
Source: BSE