Godawari Power And Ispat Ltd.

BSE: 532734 | NSE: GPIL
Small Cap | Steel & Iron Products
241.20
-1.30 (-0.54%)
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Godawari Power gets nod to acquire 60% stake in R. G. Pigments

Date: 06-11-2024

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.