Godawari Power And Ispat Limited (GPIL) announced the outcome of its Board Meeting held on February 6, 2026. The Board approved the un-audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Key approvals also include the purchase of 400 Railway Wagons for Rs. 120 Crores from internal accruals for captive use. Additionally, the company will seek shareholder approval to amend its Memorandum of Association to include logistics and allied activities as a new business line. This amendment is necessary to optimize the utilization of wagons when idle or for transporting third-party goods. Furthermore, GPIL approved the disposal of its entire 37.85% stake in Ardent Steels Private Limited (ASPL) for Rs. 90.87 Crores. Following this transaction, ASPL will cease to be an associate company. The company also approved an additional investment of Rs. 200 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL), for setting up a Battery Energy Storage System (BESS) Plant. This brings the total initial investment in GNEPL to Rs. 500 Crores. To obtain shareholder approval for the MOA amendment, an Extra-Ordinary General Meeting (EGM) is scheduled for March 14, 2026. The meeting commenced at 1:00 PM and concluded at 4:30 PM.
