Godawari Power and Ispat merger gains NCLT approval as Godawari Energy integrates

Godawari Power and Ispat Limited told stock exchanges that the Cuttack Bench of the NCLT approved a merger plan. The order was passed on March 10, 2026. The plan covers the proposed amalgamation of wholly owned subsidiary Godawari Energy Limited into Godawari Power and Ispat Limited.

After the update, Godawari Power and Ispat Limited shares rose on March 12, 2026. At 12:55 PM IST, the stock traded at Rs 262.55 on the NSE. That was up 3.47% from the previous close, with strong intraday swings during the session.

The scheme was carried out under Sections 230 to 232 of the Companies Act, 2013. It merges Godawari Energy Limited as the transferor into Godawari Power and Ispat Limited as transferee. The filing with NSE and BSE set the appointed date as April 1, 2025.

The merger becomes legally effective only after required filings. Godawari Power and Ispat Limited must submit a certified NCLT order copy to the Registrar of Companies. After completion, Godawari Energy Limited will merge into the parent. Godawari Energy Limited will then stop operating as a separate company.

During the March 12, 2026 session, the stock opened at Rs 253.75. It touched an intraday high of Rs 268.00 and a low of Rs 247.00. Godawari Power and Ispat Limited had a market capitalisation near Rs 17,638 Cr. The 52-week range stood at Rs 167.54 to Rs 290.00.

Metric	Value
NSE price (12:55 PM IST, March 12, 2026)	Rs 262.55
Day open / high / low	Rs 253.75 / Rs 268.00 / Rs 247.00
Market capitalisation	About Rs 17,638 Cr
52-week low / high	Rs 167.54 / Rs 290.00

Godawari Power and Ispat Ltd operates a fully integrated steel plant in Chhattisgarh. The company focuses on long products, iron ore pellets, and captive power generation. It had issued several merger-related updates to exchanges during 2025. With NCLT approval now in place, the remaining steps are mainly regulatory filings.