Godawari Power & Ispat announced that CRISIL has reaffirmed the ratings on bank facilities at CRISIL AA-; Stable/ CRISIL A1+ of the company. Powered by Capital Market - Live News

The Board of Godawari Power & Ispat at its meeting held on 19 November 2024 has approved acquisition of up to 51% stake in Jammu Pigments (JPL) for a consideration of Rs 255 crore. JPL is engaged in the Business of Recycling of NonFerrous Metals with operations covering recycling of Lead Acid Batteries and otherSecondary Lead waste. The company and its subsidiaries are also equipped to process complex mixtures of Industrial waste of non-ferrous metals. JPL`s advanced technical expertise enables the efficient extraction of trace metals from waste materials ensuring highly cost-effective operations. JPL & its subsidiaries has manufacturing units located at Kathua district, Jammu & Kashmir and Kota, Rajasthan. The Board also approved to cancel the proposed transactions with RG Pigments (RGPL) for acquisition of 74% stake in RGPL, which was approved by the Board of Directors of GPIL in its meetingheld on 6 November 2024. RGPL is the wholly owned subsidiary of JPL and shall continue to be 100% subsidiary of JPL.Powered by Capital Market - Live News

Godawari Power & Ispat announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 December 2024 .Powered by Capital Market - Live News

Net profit of Godawari Power & Ispat declined 38.05% to Rs 159.12 crore in the quarter ended September 2024 as against Rs 256.86 crore during the previous quarter ended September 2023. Sales declined 1.82% to Rs 1267.57 crore in the quarter ended September 2024 as against Rs 1291.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1267.571291.04 -2 OPM %19.4628.00 - PBDT256.55377.63 -32 PBT217.09342.80 -37 NP159.12256.86 -38 Powered by Capital Market - Live News

Godawari Power & Ispat will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live News