Godawari Power & Ispat Ltd. (GPIL) recently informed exchanges that the company has approved various proposals, including manufacturing Opvc pipes, amending the MOA to include Opvc pipes and related businesses and convening an EGM for shareholder approval.
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GPIL also intends to purchase a 60% stake in R.G. Pigments Pvt. Ltd. (RGP) for Rs. 56.75 crore. RGP is engaged in recycling non-ferrous metal industrial waste and is expected to increase its capacity to 32,500 MTPA. This acquisition will help GPIL diversify its company.
