Mid-Cap Stock Jumps Over 4% after CareEdge ESG upgraded from ESG3 to ESG1; score rose from 51.0 to 76.6
DSIJ Intelligence-1Categories: Multibaggers, Trending
The stock gave multibagger returns of 260 per cent in just 3 years and a whopping 1,000 per cent in 5 years.
Today, shares of Godawari Power & Ispat Ltd (GPIL) jumped 4.40 per cent to Rs 267 per share from its previous closing of Rs 256.30 per share. The stock’s 52-week high is Rs 290 per share and its 52-week low is Rs 145.55 per share.
Godawari Power & Ispat Ltd (GPIL) saw its stock price surge today following a major ESG rating upgrade from CareEdge ESG. The company's score jumped significantly from 51.0 to 76.6, resulting in its rating symbol being elevated from CareEdge-ESG3 to CareEdge-ESG1. This upgrade reflects a stronger commitment to environmental, social, and governance standards, boosting investor confidence in the Mid-Cap stock as it demonstrates improved sustainability practices and business resilience.
The company has also invested Rs 73.95 crore into its subsidiary, Godawari New Energy, to fund the launch of a major Battery Energy Storage System (BESS) manufacturing facility in Maharashtra. To meet growing demand, GPIL has quadrupled the project's total target capacity from 10 GWh to 40 GWh, with the first 20 GWh phase expected to start operations by early FY2027-28. This Rs 1,025 crore expansion utilises a streamlined single-line production unit designed to lower structural costs and boost profit margins.
About the Company
Incorporated in 1999 and headquartered in Raipur, Chhattisgarh, Godawari Power & Ispat Ltd (GPIL) is a leading flagship entity of the Hira Group and a major player in India’s integrated steel sector. The company operates a fully backwards-integrated value chain, controlling everything from iron ore mining at its Ari Dongri and Boria Tibu mines to the production of pellets, sponge iron, steel billets, and high-value wire rods. GPIL is particularly recognised for its strong captive power capabilities—utilising waste heat recovery, biomass, and Solar energy—which ensure cost efficiency and a lower carbon footprint. Beyond its core steel business, the company is aggressively diversifying into the green energy transition.
The company has a market cap of over Rs 17,000 crore with a 3-year stock price CAGR of 60 per cent. In the September quarter of FY26, FIIs have increased their stake to 6.63 per cent from 6.51 per cent in June 2025. The stock gave multibagger returns of 260 per cent in just 3 years and a whopping 1,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.