Godawari Power And Ispat limited — JV/Acquisition, 01-01-2025: Acquisition

Godawari Power & Ispat has completed the acquisition of a 51% stake in Jammu Pigments Limited (JPL) for ₹9.98 Crores by purchasing an additional 3,36,069 equity shares from the promoter. This strategic move diversifies the company's activities into the emerging sector of recycling non-ferrous metals, which has potential growth opportunities. For the past three fiscal years, JPL reported consolidated revenues rising from ₹825.70 Crores in 2021-22 to ₹1,173.78 Crores in 2023-24, indicating its operational strength and future potential for Godawari Power & Ispat and its shareholders.