Godawari Power and Ispat Ltd. saw its shares rise by 1% following its announcement to acquire up to 51% equity in Jammu Pigments Limited (JPL), a prominent player in non-ferrous metal recycling.
The ₹254.52 crore acquisition will be executed in multiple tranches, with completion expected by March 31, 2025, subject to regulatory and operational approvals. This strategic move aligns with Godawari Power’s growth initiatives in sustainable and diversified metal production.
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