Godawari Power And Ispat Limited (GPIL) announced the outcome of its Board Meeting held on February 6, 2026. The Board approved the Un-Audited Financial Results for the Quarter and Nine Months ended December 31, 2025, both on standalone and consolidated basis. Additionally, the company approved a proposal to purchase 400 railway wagons for Rs.120 Crores from internal accruals for captive use. This move aims to ensure uninterrupted and efficient transportation of raw materials and finished goods. The company also plans to amend its Memorandum of Association to include logistics and allied activities as a new line of business, subject to shareholder approval. Further, the Board 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 of GPIL. 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 investment in GNEPL to Rs.500 Crores. An Extra-Ordinary General Meeting (EGM) has been scheduled for March 14, 2026, to seek shareholder approval for the amendment of the Memorandum of Association.
