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Godawari Power gets nod to acquire 60% stake in R. G. Pigments

06 Nov 2024 Evaluate

Godawari Power and Ispat has received approval to acquire up to 60% equity stake in R. G. Pigments (RGP) for a consideration of Rs 56.75 crore. RGP is engaged in business of recycling of non-ferrous metals industrial waste. The Board of Directors of the company at its meeting held on November 6, 2024, has approved the same. 

Godawari Power and Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.


Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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