“We would like 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 supply of RLNG Gas for Company’s upcoming pellet plant in the ordinary course of business for a period of 7 years,” said the company in a filing to the exchanges.
The shares of Godawari Power have given returns of 69.7% in the last one year and 51.2% in the current year so far, according to the BSE analytics.
As of September 30, 2024, the company’s 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 of iron ore and manufacturing of iron ore Pellets, sponge iron, steel billets, wire rods, H.B. wire and ferro alloys with the generation of electricity.
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According to the Trendlyne data, the stock is placed well above its short, medium, and long-term exponential moving averages and near the 80-level mark on the relative strength index (RSI).
The shares of Godawari Power & Ispat closed 1.6% higher at Rs 234.10 on the BSE in the previous trading session.
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