Godawari Power And Ispat Ltd.

Godawari Power & Ispat has acquired 37,79,220 equity shares of Alok Ferro Alloys (AFAL) at a fair value comprising of 78.96% of the paid-up capital of AFAL. The shares have been acquired at Fair Market Value i.e. Rs 336 per share. The objective of acquisition is to control majority stake in AFAL.

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.