GOCL to absorb Hinduja National Power, boosting power business

GOCL Corporation Limited announced on December 15, 2025, that its board has approved the merger by absorption of Hinduja National Power Corporation Limited (HNPCL). This follows an in-principle approval on August 29, 2025, to acquire HNPCL's thermal power business. The merger aims to optimize operations, enhance shareholder value, and address growing energy demand.

HNPCL, engaged in power generation, transmission, and supply, reported a turnover of INR 2436.94 Crores for the financial year ended March 31, 2025, and INR 1398.27 Crores for the six months ended September 30, 2025. GOCL, currently in electronic manufacturing services and realty, had a consolidated turnover of INR 18.19 Crores for the financial year ended March 31, 2025, and INR 5.61 Crores for the six months ended September 30, 2025 (excluding discontinued operations).

Under the merger scheme, GOCL will issue 206 equity shares (face value INR 2/- each) for every 10,000 equity shares (face value INR 10/- each) held in HNPCL. Post-merger, GOCL's promoter shareholding is expected to increase from 67.82% to 74.87%, while public shareholding will adjust from 32.18% to 25.13%.