News

Godawari Power & Ispat will hold a meeting of the Board of Directors of the Company on 7 August 2026.

Godawari Power & Ispat has temporarily suspended the operations at 2.0 MnT Iron Ore Pellet Plant situated at phase II, Siltara Industrial Area, Raipur, Chhattisgarh w.e.f. 14 July 2026, due to curtailment of contracted gas supplies by GAIL, pursuant to withdrawal of Natural Gas (Supply Regulation) Order, 2026 vide Gazette Notification dated 04 July 2026, continuing Force Majeure situation as communicated by the upstream supplier(s) and operational feasibility, resulting in increased gas pricing, effective from 09 July 2026, and also on account of lower production of iron ore from Ari Dongri Mines in view of rainy season. The higher cost natural gas prices, on account of additional cost of drawing natural gas beyond the contracted supplies coupled with sourcing iron ore from market at higher cost, is making production of pellets economically, unviable. The shutdown of Pellet Plant will result into lower the production and sales volumes of Iron Ore Pellets, impacting profitability of the Company in Q2FY27, however there will be no long-term impact on profitability, as the Company, iron ore production to volume to increase post monsoon and gas supplies are nomalized.

Godawari Power & Ispat has further invested Rs 100 crore in wholly owned subsidiary, Godawari New Energy against allotment of 10 crore equity shares of Rs 10 each at par on rights basis. Consequent to the allotment, the company`s investment in Godawari New Energy has increased to Rs 450 crore comprising of 45 crore equity shares of Rs 10 each.

Godawari Power & Ispat has allotted 3,71,520 equity shares under ESOP on 30 May 2026. With this allotment, the paid up equity share capital has increased from Rs. 67,27,25,910/-to Rs. 67,30,97,430/-.

Godawari Power & Ispat has received affirmation in credit rating at CRISIL AA-/ CRISIL A1+ for bank facilities. The outlook on long term rating has been revised from Positive to Stable.