Godawari Power & Ispat reports steady Q2 FY26 performance, outlines strategic growth

For Q2 FY26, Godawari Power & Ispat reported consolidated revenue of INR 1,308 crore, with EBITDA at INR 260 crore and PAT at INR 162 crore. Year-over-year, revenue, EBITDA, and PAT showed a slight increase, driven by higher sales volumes of pellets and rolled structural products. Production volumes for Iron Ore Mining, Pellets, and Value Added Steel Products increased by 29%, 31%, and 5% respectively year-over-year.

Strategic updates include the acquisition of 452 acres for an integrated steel plant and CRM Complex, and the successful public hearing for expanding Ari Dongri Iron Ore Mines capacity from 2.35 MTPA to 6 MTPA. The company is establishing a 0.7 MnT CRM Complex and entering Battery Energy Storage System (BESS) manufacturing, with an initial investment of INR 700 crore for the BESS project.

GPIL maintains a strong focus on ESG, aiming for Net Zero carbon by 2050, with initiatives like a 250 MW solar project and waste heat recovery. The company's captive iron ore mines boast 165 MnT reserves, supporting cost advantages and premium pricing for high-grade pellets.