Godawari Power gains on receiving 'Consent to Operate' for enhanced capacity of Steel Melting Shop
Godawari Power And Ispat is currently trading at Rs. 194.80, up by 1.20 points or 0.62% from its previous closing of Rs. 193.60 on the BSE.
The scrip opened at Rs. 194.85 and has touched a high and low of Rs. 196.40 and Rs. 193.55 respectively. So far 16937 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 320.00 on 20-May-2026 and a 52 week low of Rs. 189.35 on 23-Oct-2026.
Last one week high and low of the scrip stood at Rs. 198.85 and Rs. 189.35 respectively. The current market cap of the company is Rs. 13136.83 crore.
The promoters holding in the company stood at 63.17%, while Institutions and Non-Institutions held 9.72% and 27.11% respectively.
Godawari Power and Ispat has received ‘Consent to Operate’ from Chhattisgarh Environment Conservation Board for its for enhanced capacity of Steel Melting Shop (SMS) from 5,25,000 Metric Tons Per Armum to 5,75,000 Metric Tons Per Annum at the existing plant site at Siltara Industrial Area, Raipur, Chhattisgarh.
With the approval for consent to operate, the higher capacity of Steel Billets manufacturing, the sponge iron manufactured by the company shall be 100% captively consumed, which will lead value addition and improvement in the operating margins. The overall increased capacity will be value accretive. The plant with higher capacity has started operating with immediate effect.
