Shares of iron and steel products manufacturer Godawari Power and Ispat Ltd ended the trading session in the green as the company has released its FY26 business update in its latest exchange filing. The company said that it has achieved the highest ever level in the production of iron ore mining and value-added steel products in the financial year 2025-26. Iron ore mining stood at 27.49 lakh tonnes in FY26 as compared to 23.42 in the previous financial year. Iron ore pellets increased from 24.49 to 28.56 lakh tonnes, sponge iron (DRI) increased from 5.94 to 6.50 lakh tonnes and steel billets decreased from 4.88 to 4.77 lakh tonnes.
Additionally, production of wire rods increased from 2.24 lakh to 2.31 lakh tonnes, and HB wire production increased from 1 lakh to 1.01 lakh tonnes. Power generation also increased to 865.8 million units (kWh), compared to 834.5 million units last year.
Godawari Power and Ispat Share Price
The company’s stock closed today’s trading session at Rs 278.15, a gain of 3.36 per cent or Rs 9.05 on the BSE. During the day, it touched intraday high and low of Rs 284.45 and Rs 273.85, respectively. This is nearly 4 per cent away from 52 week high of Rs 290. The market cap of the company stood at Rs 18,674.01 crore.
Merger with the subsidiary company
Recently, the company stated in an exchange filing that the merger process with its subsidiary, Godavari Energy Limited (GEL), is now complete. The National Company Law Tribunal (NCLT), Cuttack Bench, issued an order on March 12, 2026, approving the scheme, a certified copy of which has been received by the company and submitted to the Registrar of Companies on March 23, 2026.
The company stated that the merger became effective March 23, 2026, meaning GEL is now fully integrated into the company. However, the planned date for this scheme was April 1, 2025.
The counter has seen a trend reversal as it gained after two days of consecutive fall and has outperformed sector by 1.37 per cent. Technically, it traded higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
