BOM:532734

2 stories mentioning BOM:532734Updated 36d ago

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Godawari Power Commissions 25 MWp Captive Solar Power Plant in Chhattisgarh, India; Shares Up 4%

Godawari Power & Ispat (NSE:GPIL, BOM:532734) commissioned its 25 MWp captive solar power plant of the company in Chawardhal in the Rajnandgaon district of Chhattisgarh, India, according to a Tuesday filing to the Indian stock exchanges.The company's shares were up nearly 4% in Wednesday's trade.The power generated at the above new solar power plant will be captively consumed at the company's Ari Dongri iron ore mines and Boria Tibu iron ore mines for mining activities.This will help the company replace the high-cost power being purchased from the state power distribution company, it said.

BOM:532734NSE:GPIL

Asia70d ago

Godawari Power & Ispat Subscribes to INR500 Million Rights Issue in Energy Unit

Godawari Power & Ispat (NSE:GPIL, BOM:532734) said its wholly owned subsidiary, Godawari New Energy has allotted equity shares worth 500 million Indian rupees to the company, under a rights issue, according to a Wednesday filing on Indian bourses.Shares of the company fell over 1% in Thursday's trade.The company received 50 million shares at 10 rupees each, taking its total investment in the subsidiary to 3.50 billion rupees, the filing said.The funds will be used by Godawari New Energy for capex and working capital requirements related to setting up a battery energy storage system plant, it added.

BOM:532734NSE:GPIL

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