国产吃瓜

Godawari Power shares zoom 5% on signing a 7-year contract with GAIL

Godawari Power shares zoom 5% on signing a 7-year contract with GAIL

The shares of Godawari Power have given returns of 69.7% in the last year and 51.2% in the current year so far, according to the BSE analytics.

鈥淲e would like to inform you Our Company has entered into an agreement with GAIL (India) Limited (GAIL) and exchanged the document at Raipur on 10.12.2024 for the supply of RLNG Gas for the Company’s upcoming pellet plant in the ordinary course of business for 7 years,鈥 said the company in a filing to the exchanges.

As of September 30, 2024, the company鈥檚 promoter and promoter group holds 63.49% stake in the company while the remaining 36.51% stake is held by the public shareholders.

Godawari Power & Ispat is mainly engaged in the business of mining iron ore and manufacturing iron ore Pellets, sponge iron, steel billets, wire rods, H.B. wire and ferroalloys with the generation of electricity.

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