Godawari Power and Ispat Ltd has informed the Bombay Stock Exchange that shareholders approved doubling the borrowing limit of the company to Rs 1,000 crore from the current Rs 500 crore. The shareholder approval came during the company's annual general meeting on Tuesday.
The company has also declared of Rs 2.50 per share for the 2007-08 financial year. This is in addition to the interim dividend of Rs 1.50 per share the company paid earlier.