Godawari Power & Ispat Limited shares fell over 2% following a tragic accident at the company’s Siltara plant on 26 September 2025. The incident claimed the lives of six employees and left six others injured. As of 9:21 AM, the shares were trading 1.21% higher at Rs 253.40.
Among the injured, one employee has been discharged after receiving medical treatment, while five remain under specialist care. Three employees suffered superficial burn injuries, and two sustained slightly more severe burns.
In response to the tragedy, Godawari Power has extended financial assistance of approximately ₹46 lakh to the families of the deceased. The company has emphasized that its support goes beyond financial aid, aiming to ensure long-term security and well-being for affected families. Key measures include:
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Job Security: Wherever possible, employment will be offered to eligible family members.
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Pension Support: In families without employable members, pension benefits may be provided up to the age of 62 in certain cases.
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Education Assistance: The company will cover school and tuition fees for children and support higher education opportunities to ensure no disruption in learning.
Godawari Power & Ispat Limited reaffirmed its commitment to its employees and their families, stating that safeguarding their future is a top priority.
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