Godawari Power & Ispat Surges 4% after NCLT Approves Merger with Godawari Energy

Raipur, October 17, 2025: The share price of Godawari Power & Ispat Ltd  (NSE: GPIL) surged over 4% after the National Company Law Tribunal (NCLT) Cuttack Bench approved the Scheme of Amalgamation with its wholly owned subsidiary, Godawari Energy Limited. The tribunal’s order on October 15, 2025, waived the need to hold meetings of equity shareholders, secured and unsecured creditors, and debenture holders of both companies, streamlining the consolidation process and enabling operational synergies within the Godawari Group.

Godawari Power & Ispat Limited, which is a company incorporated in 1999 and listed on BSE as well as NSE, is a part of the Hira Group. The organization is engaged in the sectors of iron ore mining, production of pellets, sponge iron, billets, wire rods, ferro alloys, and power generation. It is a part of the Nifty Smallcap 250 index and is further enhancing its operational and financial presence through strategic consolidation drives.

Market Performance

As of 11:45 a.m. IST, the stock was trading at ₹251.50, up ₹8.65, or 3.56%, from its previous close of ₹242.85. The trading range for the day was ₹241.25 to ₹258.56, with 37.74 lakh shares changing hands, amounting to a traded value of ₹95.94 crore. The 52-week range for the stock is ₹145.75 to ₹278.00, giving the company a market capitalization of ₹16,997.55 crore. GPIL is part of the Nifty Smallcap 250 index and operates in the Iron & Steel Products sector.

NCLT Amalgamation Details

The NCLT order (CA (CAA)/13/CB/2025) authorized the merger of Godawari Energy Limited with Godawari Power & Ispat Limited under Sections 230-232 of the Companies Act, 2013. Godawari Power & Ispat has 100% of the shareholding and debentures of Godawari Energy, and no issue of new shares or change in share capital will be involved in the merger. The rights of shareholders and creditors remain unaffected. The main aim of the merger is to simplify the group structure, attain financial synergies and improve operating efficiency.

REF: https://nsearchives.nseindia.com/corporate/GPIL_16102025175334_GPILNSEBSENCLTORDER.pdf

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