Godawari Power And Ispat limited — Board Meeting, 19-11-2024: Outcome of Board Meeting

The Board of Directors of Godawari Power and Ispat Limited has approved the acquisition of a 51% equity stake in Jammu Pigments Limited (JPL) for ₹255.00 Cr, contingent upon closing conditions. JPL specializes in the recycling of non-ferrous metals and other industrial waste, operating in Jammu & Kashmir and Rajasthan. The board also canceled a prior plan to acquire a 74% stake in RG Pigments Private Limited, a subsidiary of JPL. This strategic move diversifies GPIL’s operations and leverages JPL’s advanced recycling techniques.