Godawari Power rises on getting permission to establish pellet plant
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Godawari Power is currently trading at Rs. 1058.90, up by 16.80 points or 1.61% from its previous closing of Rs. 1042.10 on the BSE.
The scrip opened at Rs. 1080.00 and has touched a high and low of Rs. 1090.05 and Rs. 1058.90 respectively. So far 8096 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1222.95 on 16-Jul-2024 and a 52 week low of Rs. 530.05 on 28-Jul-2023.
Last one week high and low of the scrip stood at Rs. 1110.40 and Rs. 1028.00 respectively. The current market cap of the company is Rs. 14211.70 crore.
The promoters holding in the company stood at 63.26%, while Institutions and Non-Institutions held 9.46% and 27.28% respectively.
Godawari Power and Ispat has received ‘Permission to Establish’ from Chhattisgarh Environment Conservation Board for setting up 2 million ton Pellet plant for expansion of Iron Ore Pelletisation Capacity of the company from 2.7 to 4.7 MTPA with associated facilities for manufacture of Pellets like ore grinding, beneficiation, coal gasification etc. at Siltara Industrial Area, Raipur, Chhattisgarh. The pellet plant is proposed to be financed from internal accruals of the company and the same is expected to be commissioned by Q1FY26.
Godawari Power and Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.
