Introduction:
Leading industrial firm has signed a seven-year agreement with GAIL (India) Limited to secure RLNG gas supply for its upcoming pellet plant. This move ensures stable operations, enhances production efficiency, and supports sustainable energy practices.
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Share price movement of Godawari Power & Ispat:
On December 11, 2024, Godawari Power & Ispat Ltd opened at ₹231.25, up 1.82% from its previous close of ₹230.40. The stock reached a high of ₹237.75 and a low of ₹228.80. The stock closed at ₹234.60, with a market cap of ₹15,694.15 crore.
GPIL secures RLNG supply:
Godawari Power & Ispat Ltd (GPIL) has entered into a seven-year agreement with GAIL (India) Limited for the supply of RLNG gas. The agreement, signed on December 10, 2024, supports GPIL’s upcoming pellet plant in Raipur.
The agreement aligns with the company’s strategy to ensure a stable gas supply for its business operations. RLNG, a vital resource for industrial processes, will bolster GPIL’s production efficiency and contribute to the seamless operation of its pellet plant.
GPIL has confirmed the agreement was executed in the ordinary course of business and the related documents are available on its official website. This collaboration reflects GPIL’s commitment to sustainable energy practices and operational reliability.
Recent news on Godawari Power & Ispat:
As of November 06, 2024, Godawari Power & Ispat announced its foray into OPVC pipe manufacturing with a ₹125 crore investment. The new unit is projected to generate ₹200 crore in annual revenue upon full capacity.
Stock performance of Godawari Power & Ispat for Period of 1 week, 6 months and 1 year:
Godawari Power & Ispat Ltd has delivered impressive returns, achieving 14.4% growth over one week, 8.51% over six months, and a remarkable 70.6% over the past year, reflecting strong performance and consistent value creation for its stakeholders.
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Shareholding pattern of Godawari Power & Ispat:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 63.50% | 63.30% | 63.30% |
FII | 7.40% | 7.50% | 5.50% |
DII | 1.60% | 2.00% | 2.10% |
Public | 27.50% | 27.30% | 29.10% |
About Godawari Power & Ispat:
Godawari Power & Ispat Ltd (NSE: GPIL) specializes in iron ore mining and steel production, supported by two captive mines ensuring 85% raw material self-sufficiency, reducing costs significantly, and enhancing operational efficiency across its diverse product portfolio.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.