Godawari Power And Ispat limited — JV/Acquisition, 30-06-2026: Acquisition

Godawari Power (GPIL) now holds a 43.96% stake in associate Jammu Pigments (JPL) after converting existing preference shares into equity. This strategic move, valued at the original investment of ₹175 Cr, strengthens GPIL's position in the non-ferrous metal and lead-acid battery recycling sector without new capital infusion. JPL's expertise in cost-effective waste material processing diversifies GPIL's portfolio, aligning with a growing focus on sustainability and circular economy initiatives. A smart play leveraging prior investment for deeper sector integration.