Godawari Power And Ispat Ltd.

Godawari Power & Ispat has completed the divestment of its 100% Shareholding and control of Godawari Green Energy (GGEL) to Virescent Renewable Energy Trust through its investment manager Virescent Infrastructure Investment Manager. Net consideration of Rs 351.88 crore received towards the sale consideration of 2,52,47,000 equity shares of GGEL after repayment of loan and other adjustments.

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.