OICHARTS
8 AMThe 8 AM report →
EnergyMedium impactAfter close

GPIL merger with Godawari Energy approved by NCLT

after close1 source ↓written by the desknot a recommendation

share capital
₹99 crore
and cancel
₹25 crore
in outstanding debentures
₹65.65 crore

Godawari Power & Ispat Limited (GPIL) received approval from the National Company Law Tribunal (NCLT) for its merger with Godawari Energy Limited (GEL) on 10 Mar 2026. The merger will increase GPIL's authorized share capital to ₹99 crore from ₹25 crore and cancel ₹65.65 crore in outstanding debentures.

This strategic move aims to enhance financial strength and streamline operations, potentially improving resource utilization and management efficiency. Traders may view this consolidation as a positive step towards stronger operational synergies.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 11 Mar 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

GPIL closed +4.3% on the day of the news, from ₹253.75 to ₹264.70; Nifty −0.9% over the same session.

Bulletin at 16:04 IST on 11 Mar 2026. Every change is measured from ₹253.75, the last close before it, on 11 Mar. Nifty 50 is measured over the same sessions.

  • GPIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
GPIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it220.97253.75286.53axis spans 30%before the news · 11 Mar253.75Nifty 50GPILbulletinD0+1+3+55 Mar17 Mar27 MarReference close ₹253.75. 16 sessions from 5 Mar to 27 Mar; the price axis spans 30 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before11 Mar₹253.75basebase
On the day12 Mar₹264.70▲ +4.3%▼ −0.9%+5.3 pp difference
+1 session13 Mar₹251.55▼ −0.9%▼ −3.0%+2.1 pp difference
+3 sessions17 Mar₹260.25▲ +2.6%▼ −1.2%+3.8 pp difference
+5 sessions19 Mar₹250.70▼ −1.2%▼ −3.6%+2.4 pp difference
Gap at the open, % · ₹
0.0%0.00 on 12 Mar
Day's range, % · ₹
8.3%≈ 21 high to low
Volume on the day
1.70×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · GPIL on the desk →

Related