Godawari Power and Ispat Limited repays entire long-term loans

Godawari Power and Ispat Limited has become Debt Free by repaying all its Long-Term loans as on date.

The Company's Standalone Long-Term outstanding debt of Rs. 1369 Crores standing as on 31.03.2017 which was scheduled to be repaid by FY 2032, was brought down to Rs.457 Crores as on 31.03.2021 by substantial repayment of debt during last financial year from internal accruals, with improvement in financial performance of the Company. The balance outstanding debt of Rs.457 Crores has been fully repaid by the Company during the current year out of internal accruals.

On consolidated basis the Long-Term outstanding debt is Rs. 340 Crores, as on date, which is exclusively relating to Solar Power Project in Godawari Green Energy Limited, which continues to be repaid out of cashflow of solar project. As on the date the installments of solar power project term loan are repaid up-to 31-10-2022.

Shares of GODAWARI POWER & ISPAT LTD. was last trading in BSE at Rs.1312.9 as compared to the previous close of Rs. 1308.5. The total number of shares traded during the day was 10914 in over 817 trades.

The stock hit an intraday high of Rs. 1343 and intraday low of 1271.1. The net turnover during the day was Rs. 14196354.

Source : Equity Bulls

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