Godawari Power & Ispat Ltd. acquired 100% ownership of its subsidiary, Alok Ferro Alloys Ltd., after AFALs buyback offer resulted in GPIL increasing its shareholding from 88.34% to 100%. AFALs turnovers over the last three years were Rs. 13465.31 Lacs, Rs. 6911.68 Lacs, and Rs. 9620.89 Lacs respectively.