Godawari Power Approves Partial Stake Divestment Godawari Power & Ispat Limited announced that its Board of Directors, at its meeting held on July 24, 2026, approved the partial divestment of the company’s equity stake in its associate company, Jammu Pigments Limited (JPL)[cite: 1]. The transaction involves selling 16,75,000 equity shares to the promoters of JPL and/or their relatives or affiliates at a fair value of Rs. 298.45 per share, aggregating to Rs. 49.99 Crores[cite: 1]. Consequent to this completion, the company’s holding in JPL will reduce from 43.96% (85,69,762 shares) to 35.36% (68,94,762 shares)[cite: 1]. During 2025, Godawari Power & Ispat made significant operational headlines, including signing a strategic gas supply pact with GAIL and achieving record-breaking production milestones across its iron ore and power generation segments. Despite facing temporary headwinds from a brief plant closure following a third-quarter accident, the company maintained robust liquidity and strong operational momentum. Ratings agencies like CRISIL and Yes Securities maintained favorable outlooks on the company, acknowledging its robust capital expenditure plans spanning solar energy expansion, battery energy storage systems (BESS), and steel manufacturing capacity enhancements for future growth. Godawari Power & Ispat Limited is a fully integrated steel and power manufacturer operating extensively across the energy and mining value chains. Its core business encompasses iron ore mining, manufacturing of iron ore pellets, sponge iron, steel billets, wire rods, H.B. wire, and ferroalloys, alongside captive power generation. The company operates a vertically integrated business model supported by multiple subsidiaries and joint ventures, reinforcing its position as a prominent player in India’s industrial metals and energy sectors. During the financial year 2025, the company delivered steady annual consolidated revenues of Rs. 5,376 Crores and maintained a strong market capitalization exceeding Rs. 12,050 Crores. The company’s stable performance has been underpinned by robust demand from premium industrial clients and strong cash flow generation. Institutional holdings remain well-backed by prominent market participants and mutual funds, reflecting strong long-term confidence in its debt-free balance sheet and strategic expansion initiatives.