Godawari Power & Ispat Ltd. plans to acquire a 51% stake in Jammu Pigments Limited for Rs. 255 Crores, while cancelling a previous acquisition deal with RG Pigments Private Limited. The acquisition aims to diversify into the non-ferrous metals recycling sector, with Jammu Pigments reporting revenues of Rs. 1,173.78 Crores for the financial year 2023-24.