Godawari Power and Ispat Grants Rs 40 Crore Inter Corporate Loan to Deccan Gold Mines Limited
Godawari Power and Ispat Limited (GPIL) has executed a Facility Agreement on June 5, 2026, granting an Inter Corporate Loan of Rs. 40.00 Crore to Deccan Gold Mines Limited (DGML). The loan is provided from the surplus funds of GPIL.The facility agreement details outline that the borrowed amount will be primarily utilized for financing the completion and development of the Altyn Tor Gold Project by Avelum Partner LLC, a subsidiary of DGML, located in the Kyrgyz Republic. Funds are also earmarked for general administrative purposes, project development, and working capital needs of the borrower.
The terms of the agreement include a tenure of 12 months and an interest rate set at 12% per annum, compounded quarterly, payable no later than seven days before the end of the respective quarter.
Key details of the inter corporate loan transaction are presented below:
| Particulars | Details |
|---|---|
| Lender | Godawari Power & Ispat Limited (GPIL) |
| Borrower | Deccan Gold Mines Limited (DGML) |
| Loan Amount | Rs. 40 Crore |
| Date of Facility Agreement | June 5, 2026 |
| Security Provided | Pledge on 5,00,000 equity shares of Geomysore Services (India) Private Limited held by DGML |
| Tenure and Interest Rate | 12 months; 12%/ annum (Quarterly compounding) |
The transaction was noted as not falling under related party transactions. However, the agreement details a specific relationship involving promoter group companies. Hira Infra-tek Limited, a promoter group company of GPIL, holds an 8.37% equity stake in DGML and a 26% stake in Avelum Partner LLC in Kyrgyzstan.
GPIL Stock Price Movement
Godawari Power And Ispat limited shares slipped by 1.99% today in the post-market session, settling at ₹280.2. The stock was traded over a total volume of 1.13 million shares during trading hours.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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