GODAWARI POWER AND ISPAT LTD.
NSE : GPILBSE : 532734ISIN
CODE : INE177H01021Industry : Steel & Iron ProductsHouse
: Hira
BSE888.7516.15 (+1.85 % )
PREV CLOSE (Rs.) 872.60
OPEN PRICE (Rs.) 878.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 27645
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE889.95 16.9 (+1.94 % )
PREV CLOSE(Rs.) 873.05
OPEN PRICE (Rs.) 878.15
BID PRICE (QTY) 889.95 (153 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 397368
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 10-Apr-2024 | Godawari Power and Ispat resumes operation at Chhattisgarh plant | <p style="text-align: justify;">Godawari Power and Ispat has resumed its operation at 8 MW Bio Mass Power Plant namely Balaji Power A unit of Hira Ferro Alloys (A Subsidiary of the Company). Plant located at Chhattisgarh, where fire had occurred in August last year. The company has resumed the operation with effective from April 8, 2024. </p><p style="text-align: justify;">Godawari Power and Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.</p> |
| 10-Apr-2024 | Godawari Power and Ispat zooms on resuming operation at Chhattisgarh plant | <p style="text-align: justify;">Godawari Power And Ispat is currently trading at Rs. 808.25, up by 51.85 points or 6.85% from its previous closing of Rs. 756.40 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 769.00 and has touched a high and low of Rs. 822.10 and Rs. 767.85 respectively. So far 52106 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 844.55 on 08-Feb-2024 and a 52 week low of Rs. 353.00 on 03-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 822.10 and Rs. 730.05 respectively. The current market cap of the company is Rs. 11086.31 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 63.26% while Institutions and Non-Institutions held 7.49% and 29.24% respectively.</p><p style="text-align: justify;">Godawari Power and Ispat has resumed its operation at 8 MW Bio Mass Power Plant namely Balaji Power A unit of Hira Ferro Alloys (A Subsidiary of the Company). Plant located at Chhattisgarh, where fire had occurred in August last year. The company has resumed the operation with effective from April 8, 2024. </p><p style="text-align: justify;">Godawari Power and Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.</p> |
| 20-Mar-2024 | Amalgamation | Inter alia, approved:- 1. The Scheme of Amalgamation of Godawari Energy Limited ("GEL/ Wholly-owned Subsidiary of the Company") with the Company and their respective shareholders ("the Scheme of Amalgamation"). The Scheme of Amalgamation is subject to necessary statutory and regulatory approvals including the approvals of the National Company Law Tribunal/other regulatory authorities and the respective shareholders of both the companies as may be directed by National Company Law Tribunal. 2.The proposal for amendment of Articles of Association by substitution of Article 70 of with the new Article 70 to incorporate provisions relating to maximum number of directors, provisions related to directors liable to retire by rotation and the provisions related to appointment of same individual at the same time as the Chairperson of the Company as well as the Managing Director of the Company. 3.The recommendation of the Nomination and Remuneration Committee, pertaining to appointment of Mr. Sunil Duggal (DIN: 07291685) as Non-Executive Independent Director and Mrs. Roma Ashok Balwani (DIN: 00112756) as Non-Executive Independent Women Director of the Company for a period of 5 (five) consecutive years subject to the approval of the Shareholders of the Company in the ensuing Extra Ordinary General Meeting with effect from the conclusion of said meeting and upon the passing of the resolutions related to their appointment. Mr. Sunil Duggal and Mrs. Roma Ashok Balwani are not debarred from holding the office of Directorship by virtue of any order passed by SEBI or any other such authority. Mr. Sunil Duggal and Mrs. Roma Ashok Balwani are not related to any of the Directors or Key Managerial Personnel of the Company. 4.The notice of Extra Ordinary General Meeting for the purpose of obtaining approval of shareholders in respect of appointment of Independent Directors and Alteration of Articles of Association will be sent to the shareholders and exchanges in due course separately. |
| 20-Mar-2024 | Appointment of Director | Inter alia, approved:- 1. The Scheme of Amalgamation of Godawari Energy Limited ("GEL/ Wholly-owned Subsidiary of the Company") with the Company and their respective shareholders ("the Scheme of Amalgamation"). The Scheme of Amalgamation is subject to necessary statutory and regulatory approvals including the approvals of the National Company Law Tribunal/other regulatory authorities and the respective shareholders of both the companies as may be directed by National Company Law Tribunal. 2.The proposal for amendment of Articles of Association by substitution of Article 70 of with the new Article 70 to incorporate provisions relating to maximum number of directors, provisions related to directors liable to retire by rotation and the provisions related to appointment of same individual at the same time as the Chairperson of the Company as well as the Managing Director of the Company. 3.The recommendation of the Nomination and Remuneration Committee, pertaining to appointment of Mr. Sunil Duggal (DIN: 07291685) as Non-Executive Independent Director and Mrs. Roma Ashok Balwani (DIN: 00112756) as Non-Executive Independent Women Director of the Company for a period of 5 (five) consecutive years subject to the approval of the Shareholders of the Company in the ensuing Extra Ordinary General Meeting with effect from the conclusion of said meeting and upon the passing of the resolutions related to their appointment. Mr. Sunil Duggal and Mrs. Roma Ashok Balwani are not debarred from holding the office of Directorship by virtue of any order passed by SEBI or any other such authority. Mr. Sunil Duggal and Mrs. Roma Ashok Balwani are not related to any of the Directors or Key Managerial Personnel of the Company. 4.The notice of Extra Ordinary General Meeting for the purpose of obtaining approval of shareholders in respect of appointment of Independent Directors and Alteration of Articles of Association will be sent to the shareholders and exchanges in due course separately. |
| 18-Mar-2024 | Grant Of Stock Options Under Godawari Power And Ispat Limited - Employee Stock Option Plan 2023' ('GPIL ESOP 2023'). | Please find attached intimation regarding grant of ESOP under GPIL ESOP 2023 |
| 08-Mar-2024 | Godawari Power And Ispat informs about analyst meet | <p style="text-align: justify;">Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, Godawari Power And Ispat has informed that management of the Company will be participating in virtual meeting with ‘AART Ventures' on 14th March, 2024 in one to one basis. The aforesaid information is also being hosted on the website of the company.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </p> |
| 07-Feb-2024 | Godawari Power starts commercial operations at 23 MWp captive solar PV power plant | <p style="text-align: justify;">Godawari Power and Ispat has commissioned commercial operations at 23 MWp Captive Solar PV Power Plant of the Company situated at Khairagarh (Rajnandgaon) Chhattisgarh. Also, the Plant has been duly synchronized with the grid and charged on February 6, 2024. </p><p style="text-align: justify;">The power generated at the above Solar Power Plant will be captively consumed at Ari Dongri Iron Ore mining activities, which replace the high cost power, being purchased from state Discom, The generation of Solar Energy will support the green initiatives of the Company and reduce the carbon foot print.</p><p style="text-align: justify;">Godawari Power And Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.</p><div style="text-align: justify;"><br></div> |
| 07-Feb-2024 | Godawari Power & Ispat informs about disclosure | <div>Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Godawari Power & Ispat has informed that Environment Clearance has been granted (vide Minutes of Meeting of the Ministry of Environment, Forest and Climate Change held on 23rd to 25th January, 2024 published on 06.02.2024) for expansion of Iron Ore Pelletization Capacity of the Company from 2.7 MTPA to 4.7 MTPA capacity at Siltara Industrial Area, Raipur, Chhattisgarh. The entire project cost of expansion shall be met out of internal accruals of the company and the commercial operation of the expansion program is expected to be commissioned in Q1 FY26.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 20-Jan-2024 | Godawari Power gets 'consent to operate' for enhanced capacity of sponge iron division | <p style="text-align: justify;">Godawari Power And Ispat has received ‘Consent To Operate' for enhanced capacity of Sponge Iron Division (SID) from 4,95,000 Metric Tons per annum to 5,94,000 Metric Tons per annum on trial basis at existing plant site at Siltara Industrial Area, Raipur, Chhattisgarh valid upto August 31, 2024, subject to further renewal.</p><p style="text-align: justify;">The company has received an approval letter dated January 19, 2024 from Chhattisgarh Environment Conservation Board (‘Board') vide which the Board has accorded its Consent to Operate for the same. There is no modification nor any additional investments shall be required in the company's Sponge Iron Division to operate the plant at the enhanced capacity of 5,94,000 Metric Tons. </p><p style="text-align: justify;">Godawari Power And Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.</p><div style="text-align: justify;"><br></div> |
| 20-Jan-2024 | Godawari Power And Ispat informs about receipt consent to operate | <p style="text-align: justify;">Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we are pleased to informed that the company has received an approval letter dated 19.01.2024 from Chhattisgarh Environment Conservation Board vide which the Board has accorded its ‘Consent To Operate' for enhanced capacity of Sponge Iron Division (SID) from 4,95,000 Metric Tons per annum to 5,94,000 Metric Tons per annum on trial basis at existing plant site at Siltara Industrial Area, Raipur, Chhattisgarh valid upto 31.08.2024, subject to further renewal. This letter is received today (i.e. 20.01.2024). There is no modification nor any additional investments shall be required in the Company's Sponge Iron Division to operate the plant at the enhanced capacity of 5,94,000 Metric Tons.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
