Mining Stock Sees Significant Surge Following Record Production in FY26
Godawari Power and Ispat Shares Surge 6% Amid Record Production
In a significant boost to the Indian stock market, Godawari Power and Ispat's share price jumped almost 6% on Wednesday, 1 April, following a strong buying spree after the company reported its highest-ever production in FY26 across iron ore, pellets, and power. The broader Indian stock market also witnessed a sharp recovery, with benchmarks Sensex and Nifty 50 surging over 2% each.
The Nifty Smallcap 100 and the Nifty Midcap 100 indices were also up more than 4% each. Godawari Power's stock jumped as much as 5.7% to its day's high of ₹284.45 on BSE. The company has given positive returns in recent times, rising 4% in 1 month, 12.5% in 6 months, and 46% in 1 year. Moreover, it has delivered multibagger returns, surging 630% over the past 5 years.
Highest-Ever Production in FY26
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Godawari Power and Ispat achieved record production volumes across all its divisions during the year, underlining its operational excellence. The company's iron ore mining output rose to 27.49 lakh metric tons in FY26, compared with 23.42 lakh metric tons in FY25. Iron ore pellets production also increased sharply to 28.56 lakh metric tons, up from 24.49 lakh metric tons in the previous financial year.
| Segment | FY26 | FY25 | Growth |
|---|---|---|---|
| Iron Ore Mining Output | 27.49 lakh metric tons | 23.42 lakh metric tons | 17.3% |
| Iron Ore Pellets Production | 28.56 lakh metric tons | 24.49 lakh metric tons | 16.5% |
| Sponge Iron (DRI) Production | 6.50 lakh metric tons | 5.94 lakh metric tons | 9.4% |
| Steel Billets Production | 4.77 lakh metric tons | 4.88 lakh metric tons | -2.1% |
| Wire Rods Production | 2.31 lakh metric tons | 2.24 lakh metric tons | 3.1% |
| HB Wires Output | 1.01 lakh metric tons | 1.00 lakh metric tons | 1% |
The company's power generation also witnessed growth, with a record production of 86.58 crore KWH units in FY26, up from 83.45 crore KWH units in FY25.
Power Generation Growth
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| Year | Power Generation (KWH Units) |
|---|---|
| FY26 | 86.58 crore |
| FY25 | 83.45 crore |
Investor Takeaway
Investors should consider the stock's recent surge and potential for future growth.
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