Godawari Power And Ispat limited — JV/Acquisition, 05-08-2025: Acquisition

Godawari Power and Ispat (GPIL) has approved the amalgamation of its wholly-owned subsidiary, Godawari Energy Limited (GEL), into the parent company. This internal restructuring, involving no new shares or cash consideration, aims to unlock greater efficiency and consolidate assets. GEL, with a Net Worth of approximately Rs. 28 Cr, was previously planned for a captive solar power plant for GPIL's use. This move is expected to enhance GPIL's financial strength, simplify operations, and optimize tax planning, bolstering the company's competitive edge for future growth.