Debt

Debt Financing

Godawari Power turns debt free, pays all long-term loans

Business Line  

Godawari Power and Ispat (GPIL) has become debt-free by repaying all its long-term loans. It has repaid the outstanding debt of INR 457 crore. The loan was repaid out of the cash flow of the solar project. Godawari Power and Ispat on a consolidated basis has a long-term outstanding debt of INR 340 crore as of date, which is exclusively related to a solar power project.