Godawari Power And Ispat limited — Important, 25-02-2025: Agreements

Godawari Power and Ispat Limited has executed a Facility Agreement for an inter-corporate loan of ₹50 Crore to Deccan Gold Mines Limited. The funding aims to support the Altyn Tor Gold Project in Kyrgyzstan, managed by a subsidiary of Deccan Gold Mines, Avelum Partner LLC. The loan has a tenure of 36 months with a competitive interest rate of 12% per annum, compounded monthly and payable quarterly. Notably, Hira Infra-tek Limited, a promoter group company, holds an equity stake in both Deccan Gold Mines and Avelum Partner LLC, though the transaction is not classified as a related party transaction. This strategic move may enhance GPIL's investment portfolio and strengthen its presence in the mining sector, presenting a potential growth opportunity for investors.