In a recent filing to the stock exchanges, Godawari Power communicated about 2 new line of businesses which are non-core to mining, iron and steel industry
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Setting up a separate unit to manufacture oPVC pipes. This is a commodity business with cut throat competition from established players like Supreme, Astral, Prince, Hindware with a good brand recognition.
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The proposal to acquire up to 60% equity stake in R. G. Pigments Private Limited (RGP) for a consideration of Rs.56.75 Crores. Again this is recycling of non-ferrous materials which is non-core to them
Godawarai is not known as a brand outside their current business and how this diversification can help or impact the growth of the company? Any insights from experience boarders who track this company closely is appreciated.
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