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Godawari Power Turns Debt Free, Pays All Long-Term Loans

The company said its standalone long-term outstanding debt at Rs 1,369 crore as of March 31, 2017 – scheduled to be repaid by FY 2032 – was brought down to Rs 457 crore as of March 31, 2021. Godawari Power and Ispat Ltd (GPIL) on Tuesday said it has become debt-free by repaying all its […]

Jindal Saw to acquire 31.20 pc stake in ReNew Green Energy for undisclosed amount – EQ

Godavari Power to Set Up a Captive Solar PV Power Plant of 250 MW Capacity in Raigarh District of Chhattisgarh

Godawari Power and Ispat Ltd (GPIL) on Tuesday posted a multifold jump in consolidated net profit at Rs 304.01 crore for March quarter 2020-21, mainly on the back of higher revenues. The company’s net profit in the year-ago period was Rs 34.22 crore, a BSE filing said.Total income rose to Rs 1,263.67 crore in the […]

IREDA Q3 Results: Net profit zooms 67% to Rs 335 crore – EQ

Honourable Arbitral Tribunal result favours GPIL

The honourable Arbitral Tribunal dismissed the claim made by Lauren Jyoti Private Limited (Lauren) which is an EPC Contractor, appointed by Godawari Green Energy Limited (GGEL). Godawari Power & Ispat Limited (GPIL) reported to the exchanges regarding the attribution award in the matter of Godawari Green Energy Limited. GGEL is a subsidiary company i.e. a […]

Government wants banks to up renewable energy financing, minister to meet bankers in January – EQ