Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Godawari Power & Ispat has approved the complete divestment of its 37.85% stake in Ardent Steel Ltd. The board decision is aimed at streamlining operations and focusing on core assets. The transaction, valued at ₹91 crore, is expected to be completed in the fourth quarter of FY26.
The sale will yield a capital gain of approximately ₹90.87 crore for Godawari Power, adding to its financial strength and enabling further investment in its primary steel and power ventures. Ardent Steel, engaged in manufacturing iron ore pellets, was a non-core investment for the company.This strategic exit aligns with the firm’s long-term objective of optimizing its asset base and unlocking shareholder value. Industry observers note that such realignments are becoming common as steelmakers reposition themselves for growth amid changing demand dynamics and tighter capital allocation.
The deal marks another significant move by Godawari Power to sharpen its focus on high-growth verticals and reinforce its balance sheet in a competitive steel market.
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