Metal Stock Godawari Power and Ispat Sees 3% Gain Amid Market Recovery

Godawari Power and Ispat Share Price Surges 5.20% Amid Strong Buying Market Overview On Tuesday, Godawari Power and Ispat saw a significant increase in its share price, rising over 5% following a strong buying trend. This surge comes amidst a broader rally in the Indian stock market, with the Sensex and Nifty 50 indices surging over 2% each. The Nifty Smallcap 100 and Nifty Midcap 100 indices also witnessed a notable increase.

Integrated Steel Plant Expansion The Board of Directors of Godawari Power and Ispat approved a proposal to establish an integrated steel plant with a capacity of 1 million tonnes per annum (MTPA) of iron and steel finished products. The proposed facility will be located at village Sarora in Raipur district, Chhattisgarh, with an estimated investment of ₹7,000 crore. The project will be funded through a mix of debt and equity (internal accruals) in a 1:1 ratio.

Divestment of Stake in Ardent Steel Godawari Power and Ispat has completed the divestment of its entire 37.85% stake in Ardent Steel Private Limited (ASPL) for a total consideration of ₹90.87 crore. The company has transferred 2,00,000 equity shares of ASPL, representing a 2.52% stake, to the respective buyer for a consideration of ₹6.60 crore.

Amalgamation of Subsidiary Godawari Power and Ispat Limited has successfully completed its amalgamation with wholly-owned subsidiary Godawari Energy Ltd, with the scheme becoming effective on March 23, 2026.

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Godawari Power Share Price Performance Over the past five years, Godawari Power and Ispat share price has delivered multibagger returns of 660%, and in the past ten years, it has delivered staggering returns of 9,482%. At 2:55 PM, the share price was trading 4.93% higher at ₹264.15 apiece on the BSE.