Godawari Power soars on starting mine development activities at Boria Tibu Iron Ore Mines

Godawari Power And Ispat Ltd. | Steel & Iron Products | Metals & Mining | BSE: 532734 | NSE: GPIL

02 May 2014 Evaluate

Godawari Power & Ispat is currently trading at Rs. 88.40, up by 3.30 points or 3.88% from its previous closing of Rs. 85.10 on the BSE.

The scrip opened at Rs. 86.00 and has touched a high and low of Rs. 92.60 and Rs. 86.00 respectively. So far 15855 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.85 on 17-Oct-2013 and a 52 week low of Rs. 61.50 on 22-Aug-2013.

Last one week high and low of the scrip stood at Rs. 92.60 and Rs. 83.65 respectively. The current market cap of the company is Rs. 282.03 crore.

The promoters holding in the company stood at 64.89%, while Institutions and Non-Institutions held 6.56% and 28.55% respectively.

Godawari Power and Ispat has started mine development activities with gradual extraction of iron ore from its Boria Tibu Iron Ore Mines located at village Boria Tibbu, Dist Rajnandgaon in Chhattisgarh. The mine development activities are expected to be completed within a period of 6 months.

The annual rated capacity of aforesaid Iron Ore Mines upon completion of mine development activities will be 7,05,000 Metric Ton Per Annum as per approved Mining Plan.

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. GPIL is a flagship company of Raipur-based Hira Group of Industries, which is an integrated steel manufacturer and is having dominant presence in the long product segment of the steel industry; mainly into mild steel wire.

Godawari Power & Isp Share Price

254.75 -0.90 (-0.35%)

01-Jul-2026 16:59 View Price Chart

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