Godawari Power and Ispat share price jumped almost 6% on Wednesday, April 1, amid strong buying after the company reported its highest-ever production in FY26 across iron ore, pellets, and power
It also comes following a sharp recovery in the broader Indian stock market. Benchmarks Sensex and Nifty 50 surged over 2% each. The Nifty Smallcap 100 and the Nifty Midcap 100 indices were also up more than 4% each.
The Godawari Power stock jumped as much as 5.7% to its day’s high of ₹284.45 on BSE. It has also given positive returns in recent times. It has rising 4% in 1 month, 12.5% in 6 months and 46% in 1 year. Meanwhile, it has given multibagger returns, it has surged 630% in past 5 years.
Highest-ever production in FY26
The company said it achieved record production volumes across all its divisions during the year, underlining what it described as another year of operational excellence.
As per the filing, GPIL’s iron ore mining output rose to 27.49 lakh metric tons in FY26, compared with 23.42 lakh metric tons in FY25. Iron ore pellets production also increased sharply to 28.56 lakh metric tons, up from 24.49 lakh metric tons in the previous financial year.
The company’s sponge iron (DRI) production stood at 6.50 lakh metric tons in FY26, higher than 5.94 lakh metric tons recorded in FY25. However, steel billets production saw a slight decline to 4.77 lakh metric tons, compared with 4.88 lakh metric tons in the previous year.
Production of wire rods improved to 2.31 lakh metric tons from 2.24 lakh metric tons, while HB wires output also edged higher to 1.01 lakh metric tons against 1.00 lakh metric tons in FY25.
Power generation also rises as the company posts record production across divisions
Apart from mining and steel-related products, GPIL also reported growth in its power generation. The company generated 86.58 crore KWH units in FY26, up from 83.45 crore KWH units in FY25.
The production data shared by the company indicates broad-based growth across most of its core operating segments during the year, with the strongest gains seen in iron ore mining and iron ore pellets, while steel billets remained the only segment to post a marginal decline on a year-on-year basis.
Commenting on the performance, B.L. Agrawal, Chairman-cum-Managing Director of the company, appreciated the achievement of the highest-ever production volumes across all divisions. He said the company had once again delivered operational excellence and congratulated all employees and stakeholders for their unwavering commitment and dedicated efforts in achieving the milestone.
Integrated Steel Plant Expansion
Earlier this month, the Board of Directors also approved a proposal to set up an integrated steel plant with a capacity of 1 million tonnes per annum (MTPA) of iron and steel finished products.
The proposed facility will be located at village Sarora in Raipur district, Chhattisgarh, with an estimated investment of ₹7,000 crore. The project will be funded through a mix of debt and equity (internal accruals) in a 1:1 ratio. The plant will manufacture heavy and medium structural steel as well as wire rods, aimed at strengthening the company’s presence in the steel sector.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
