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Godawari Power and Ispat Limited (GPIL) announced today its entry into OPVC pipe manufacturing with a planned investment of ₹125 crore. The company’s board approved setting up a new unit to manufacture OPVC pipes, which are cost-effective alternatives to ductile iron pipes. Upon reaching full capacity, the company expects to add ₹200 crore annually to its revenue.
The shares of Godawari Power and Ispat Limited (GPIL) were trading at ₹203.15 up by ₹5.50 or 2.78 per cent on the NSE today at 2.05 pm.
In a separate development, GPIL will acquire a 60 per cent stake in R.G. Pigments Private Limited (RGP) for ₹56.75 crore. RGP, based in Kota, Rajasthan, specializes in recycling non-ferrous metal industrial waste. The acquisition is expected to be completed by March 31, 2025. RGP currently has a capacity of 7,500 MTPA and plans to expand to 32,500 MTPA. The company recorded a turnover of ₹46.70 crore in 2023-24.
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