The uptick in the Godawari Power & Ispat share price came after the company announced that it has entered into an agreement with GAIL (India) or the supply of RLNG Gas
The increase in the Godawari Power & Ispat stock price follows the announcement that its board of directors approved the acquisition of a 51 per cent stake in Jammu Pigments (JPL) for Rs 255 crore
Godawari Power and Ispat Ltd (GPIL) on Saturday reported about 38 per cent decline in consolidated net profit to Rs 159.39 crore in the September quarter of 2024-25. It had posted Rs 256.71 crore "net profit from ordinary activities" in the same period a year ago, the company said in an exchange filing. Total income fell to Rs 1,290.38 crore from Rs 1,314.21 crore in the July-September period of 2023-24. Expenses increased to Rs 1,073.93 crore from Rs 974.62 crore in the year-ago quarter.