Godawari Power & Ispat Limited (GPIL) has cleared multiple strategic decisions at its board meeting held on 14 November 2025, including the allotment of preferential equity warrants, a ₹300-crore investment in its newly formed energy subsidiary, and the release of its financial performance for Q2 and H1 FY26.
The company also finalised plans to set up a 250 MW solar power plant to support upcoming capacity needs.
The board approved the allotment of 2,04,08,220 convertible equity warrants priced at ₹245 per warrant, with 25% of the issue amount—₹1,25,00,03,475—already received from seven identified allottees across promoter and non-promoter groups. Upon conversion within 18 months, each warrant will translate into one equity share of face value ₹1 at a premium of ₹244.
GPIL also sanctioned an investment of up to ₹300 crore in its wholly owned subsidiary, Godawari New Energy Pvt Ltd (GNEPL), which was incorporated in June 2025. The company will subscribe to 12.49 crore NCPOCRPS worth ₹124.95 crore through a rights issue, with the remaining investment to be infused in tranches for setting up a battery energy storage system plant. GNEPL has a net worth of ₹25.50 crore as of 30 September 2025 and no operating revenue yet.
Additionally, the company confirmed the development of a 250 MW solar power plant in Raigarh, scheduled for commissioning by March 2027. GPIL expects the project to support its upcoming cold-rolling mill and reduce dependence on thermal and grid power.
GPIL reported standalone revenue of ₹1,142.57 crore for Q2 FY26, rising to ₹2,276.50 crore for H1 FY26. EBITDA and profitability improved, with standalone profit after tax at ₹248.40 crore for the quarter. Consolidated revenue stood at ₹1,307.68 crore for the quarter and ₹2,630.93 crore for the half-year.
Other income during the quarter included ₹94.03 crore from dividend receipts from joint ventures and associates. The company maintains consolidated assets of ₹6,257.32 crore, with equity of ₹5,269.36 crore. Its cash and cash equivalents stood at ₹327.56 crore at the end of the period H1FY26.
Read More: Godawari Power And Ispat Resumes Pellet Plant Operations After 34-Day Shutdown!
As of November 14, 2025, GPIL share price is closed at ₹275.50 per share, reflecting a surge of 4.65% from the previous closing price.
GPIL’s recent board approvals underline a multifaceted expansion strategy, combining fresh capital mobilisation, renewable power augmentation and deeper investment into emerging storage technologies. With clear timelines and financial backing in place, these decisions signal the company’s intent to reinforce its energy integration and long-term growth pathway.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 15, 2025, 1:50 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
