Godawari Power And Ispat Ltd.

Godawari Power & Ispat (GPIL) has subscribed to the Preferential Offer made by Hira Ferro Alloys (HFAL) for the fourth and Last trench of 9,00,000 equity shares at a price of Rs 195 per share. Consequent upon said acquisition, the GPIL's holding in HFAL has been increased from 54.70% to 56.45% in the enhanced capital of HFAL with effect from December 14, 2021. The objects of the acquisition is to part finance the ongoing 70 MW Solar Power Captive Plant of HFAL. 

Godawari Power & 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.