Godawari Power & Ispat trades higher on the BSE

Godawari Power And Ispat is currently trading at Rs. 250.70, up by 2.20 points or 0.89% from its previous closing of Rs. 248.50 on the BSE.

The scrip opened at Rs. 247.10 and has touched a high and low of Rs. 254.65 and Rs. 247.10 respectively. So far 25875 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 460.00 on 29-Jul-2021 and a 52 week low of Rs. 107.65 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 254.65 and Rs. 235.00 respectively. The current market cap of the company is Rs. 3534.90 crore.

The promoters holding in the company stood at 67.50%, while Institutions and Non-Institutions held 1.92% and 30.57% respectively.

Godawari Power & Ispat’s material subsidiary company — Godawari Green Energy (GGEL) has temporarily shut-down its operations at 50 MW solar power plant for complete overhauling and major maintenance of the plant situated at Jaisalmer in the state of Rajasthan, which is expected to be completed within 3 to 4 weeks.

There will not be any major financial impact on the performance of the GGEL except the loss of revenue for one month due to above shut-down. The impact of the above-said shut down on consolidated financial performance of Godawari Power and Ispat shall be insignificant.

Godawari Power & Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.

Source link

Leave a Reply