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What is the story about?
Godawari Power and Ispat Ltd (GPIL) on Wednesday (November 19) said it has received an intimation from its wholly owned subsidiary, Godawari New Energy Private Ltd (GNEPL), regarding the allotment of 12,49,50,000 non-cumulative, optionally convertible, redeemable preference shares.
The shares, having a face value of ₹10 each, were allotted at par on November 18, 2025, aggregating to ₹124.95 crore. The disclosure dated November 19, 2025, follows GPIL’s earlier communication on November 14, 2025, where the company had announced its approval for further investment in GNEPL.
Also Read: Godawari Power and Ispat shares hit record high after biggest single-day gain in six months
The funds are intended for capex and working capital requirements tied to setting up a Battery Energy Storage System Plant with an initial capacity of 10 GWh. The preference shares were issued on a rights basis.
Second Quarter Results
The steel and pellet maker’s net profit rose 1.5% to ₹161 crore for the September quarter, compared with ₹159 crore a year earlier. Revenue increased 3.2% to ₹1,307 crore from ₹1,267 crore.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 5.2% to ₹259.3 crore, up from ₹246.5 crore last year, while operating margins improved to 19.8% from 19.5%.
Also Read: Godawari Power Q1 net profit dips 24% on lower realisations; revenue, margins fall
Godawari Power & Ispat is a leading integrated secondary steel manufacturer and power generator based in Raipur, Chhattisgarh, India. The company is part of the Hira Group. Its operations are fully integrated, covering the entire value chain from raw materials to finished products.
The company competes with domestic peers in the long steel and pellet segment and benefits from integrated operations across mining, manufacturing and power generation.
Shares of Godawari Power and Ispat Limited ended at ₹256.00, down by ₹7.85, or 2.98%, on the BSE.
The shares, having a face value of ₹10 each, were allotted at par on November 18, 2025, aggregating to ₹124.95 crore. The disclosure dated November 19, 2025, follows GPIL’s earlier communication on November 14, 2025, where the company had announced its approval for further investment in GNEPL.
Also Read: Godawari Power and Ispat shares hit record high after biggest single-day gain in six months
The funds are intended for capex and working capital requirements tied to setting up a Battery Energy Storage System Plant with an initial capacity of 10 GWh. The preference shares were issued on a rights basis.
Second Quarter Results
The steel and pellet maker’s net profit rose 1.5% to ₹161 crore for the September quarter, compared with ₹159 crore a year earlier. Revenue increased 3.2% to ₹1,307 crore from ₹1,267 crore.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 5.2% to ₹259.3 crore, up from ₹246.5 crore last year, while operating margins improved to 19.8% from 19.5%.
Also Read: Godawari Power Q1 net profit dips 24% on lower realisations; revenue, margins fall
Godawari Power & Ispat is a leading integrated secondary steel manufacturer and power generator based in Raipur, Chhattisgarh, India. The company is part of the Hira Group. Its operations are fully integrated, covering the entire value chain from raw materials to finished products.
The company competes with domestic peers in the long steel and pellet segment and benefits from integrated operations across mining, manufacturing and power generation.
Shares of Godawari Power and Ispat Limited ended at ₹256.00, down by ₹7.85, or 2.98%, on the BSE.
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