Company Profile

Godawari Power & Ispat has partially resumed its operations at the Sponge Iron Plant, Power Plants, Steel Melting Shop (SMS Plant), Rolling Mill and Wire Drawing Plants at Siltara, Raipur, Chhattisgarh with effect from March 24, 2023. The complete operations are expected to be resumed with effect from April 1, 2023 onwards. 

Isgec Heavy Engineering has received a prestigious order for Rs 197.25 crore from Maharashtra State Power Generation Company (MAHAGENCO) for renovation and modernization of the Electrostatic Precipitators (ESP’s) for their 2x500 MW TPP at Chandrapur Thermal Power Station, District Chandrapur, Maharashtra.

Mahindra & Mahindra (M&M) has executed a Share Purchase Agreement to acquire 7,67,59,301 Equity Shares of Mahindra Aerospace (MAPL), a subsidiary of the company from the other shareholders of MAPL. Upon completion of the said transaction, the shareholding of the company in MAPL would increase from 91.59% to 100% of the Equity Share Capital of MAPL. Consequently, MAPL would become a wholly owned subsidiary of the company. Acquisition of stake would result in MAPL becoming a wholly owned subsidiary of the Company, thereby enabling ease of identification and implementation of complementary, synergistic and growth initiatives with Group while providing an exit to the minority shareholders.

Bharat Electronics (BEL) has signed a contract worth Rs 3000 crore with Ministry of Defence (MoD), Govt of India, for supply of Integrated Electronic Warfare Systems for the Indian Army. The Integrated Electronic Warfare Systems for Indian Army are state-of-the-art with cutting-edge technologies, indigenously developed and manufactured by BEL based on Defence Electronics Research Laboratory (DLRL), DRDO design. These integrated systems will be a real force multiplier and will further enhance the electronic warfare capability of the Indian Army in leaps and bounds. Further, BEL has also received several contracts totaling to Rs 1300 crore (approximately) during last fortnight from the Indian Navy for supply of Indigenously developed Fire control, Gun fire control, Surveillance, tracking, ESM, Sonar Systems etc.

One 97 Communications (Paytm) has launched its upgraded payments platform powered by 100% indigenous technology -- a shining example of ‘Make in India’. With this, the company has taken another step towards ‘Atmanirbhar Bharat’ to promote digital payments in the country.

Suraj Industries (SIL) has received an approval for investment of Rs 6.58 crore in Carya Chemicals & Fertilizers (Carya), an existing Subsidiary of the Company, towards the acquisition of 65,81,000 equity shares in the right issue of CARYA. Post the above acquisition, the company’s holding in Carya shall be 50.73% of the then expanded paid up capital of Carya. Accordingly, Carya will continue to remain subsidiary company. The main line of business of SIL is manufacturers of alcoholic liquors and investment in Carya is in line with the main business of the company

South Indian Bank has associated with the Central Board of Direct Taxes for the collection of Direct Tax for retail and corporate tax payers. The payment facility is now LIVE, allowing any taxpayers to remit Direct Taxes under 'Over the Counter Mode' and specifically for SIB customers, payment can be made via 'Over the Counter' as well as 'Internet Banking' modes, thereby making the process seamless and faster like never before.

Godawari Power & Ispat has partially resumed its operations at the Sponge Iron Plant, Power Plants, Steel Melting Shop (SMS Plant), Rolling Mill and Wire Drawing Plants at Siltara, Raipur, Chhattisgarh with effect from March 24, 2023. The complete operations are expected to be resumed with effect from April 1, 2023 onwards. 

Godawari Power & 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.