Shares of Godawari Power & Ispat Ltd. (GPIL) surged over 3% following the company approved various proposals, including manufacturing Opvc pipes, amending the MOA to include Opvc pipes and related businesses and convening an EGM for shareholder approval.
In addition, GPIL plans to acquire a 60% stake in R.G. Pigments Pvt. Ltd. (RGP) for Rs. 56.75 crore. RGP specializes in recycling non-ferrous metal industrial waste and aims to expand its capacity to 32,500 MTPA, enhancing GPIL’s diversification into the green sector.
As of 2:02 pm, Godawari Power shares were trading 3.16% higher at Rs 203.90 on the NSE.
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