Godawari Power & Ispat Ltd. has approved the manufacture of OPVC pipes and plans to acquire a 60% stake in R.G. Pigments for Rs. 56.75 Crores, expecting an annual revenue increase of Rs. 200 Crores from the new product by full capacity. An Extra-Ordinary General Meeting will be held to amend the companys Memorandum of Association for the new business line.