Godawari Power And Ispat Announces FY Results, Plans Rs 700 Crore Investment in BESS Project
Godawari Power And Ispat limited today announced the approval of its audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The Board of Directors also approved several strategic corporate proposals, including a major investment in a subsidiary dedicated to Battery Energy Storage Systems (BESS).In terms of financial performance, the Company reported consolidated figures for the financial year ended March 31, 2026.
| Financial Metric (Rs. in Crores) | Quarterly Result (31.03.2026) | Year Ended (31.03.2026) | Year Ended (31.03.2025) |
|---|---|---|---|
| Revenue from Operations | 1,610.27 | 5,380.65 | 5,375.73 |
| Total Income | 1,635.53 | 5,444.79 | 5,471.71 |
| Profit/(Loss) from Operating Activities before tax | 407.92 | 1,116.60 | 1,091.32 |
| Profit/(Loss) before Tax | 389.63 | 1,098.31 | 1,092.02 |
| Net Profit from Operating Activities after tax | 250.23 | 801.74 | 812.98 |
| Total Comprehensive Income | 282.79 | 815.00 | 807.97 |
The company recommended a final dividend of Re. 1/- per share (100%) on equity share of Re. 1/- each for the Financial Year 2025-26. This payment remains subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM).
Strategic Investments and Funding Proposals
The Board also presented key proposals relating to the company's expansion and capital structure:1. Battery Energy Storage System (BESS) Investment:
The company proposed an additional investment of Rs. 200 Crores in Godawari New Energy Private Limited (GNEPL), a wholly owned subsidiary. This investment, along with the existing approved investment of Rs. 500 Crores, is intended to meet the capital expenditure (CAPEX) and working capital requirements for setting up the BESS Plant. This brings the total initial investment into GNEPL to Rs. 700 Crores.
2. Loan to Godawari Education Research Foundation (GERF):
A proposal was also put forth to give a loan of up to Rs. 150.00 Crores, payable in one or more tranches, to Godawari Education Research Foundation (GERF). This loan is intended to meet the ongoing expenditure for the Residential School Project at Naya Raipur, Chhattisgarh.
3. Director Remuneration:
The Board recommended a proposal to revise the remuneration payable to the Executive Directors: Shri Dinesh Agrawal, Shri Siddharth Agrawal, and Shri Abhishek Agrawal, subject to shareholder approval.
Corporate Meetings and Timeline
The Company proposed holding an Extraordinary General Meeting (EGM) on Saturday, June 27, 2026, via Video Conferencing. The agenda for the EGM includes seeking shareholder approval for the loan to GERF, the remuneration revision for the Executive Directors, and any loan/guarantee/security arrangements under Section 185 of the Companies Act, 2013, to GERF.The record date for determining shareholder eligibility for the final dividend is set for Friday, August 14, 2026.
Governance and Audit
The financial results cover the period ended March 31, 2026, incorporating consolidated results from subsidiaries including Hira Ferro Alloys Limited, Alok Ferro Alloys Limited, GNEPL, and GERF. The financial results were prepared according to the Indian Accounting Standards (Ind AS) and are subject to the approval of the Audit Committee and the Board of Directors.GPIL Stock Price Movement
On Tuesday, Godawari Power And Ispat limited shares edged higher, gaining 2.47% to close at ₹290.55. The equity traded on a volume of 2.36 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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