SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Godawari Power receives approval for diversion of forest land for Iron Ore Mining in Ari Dongri

23 Feb 2015 Evaluate

Godawari Power and Ispat (GPIL) received final approval from Government of India, Ministry of Environment & Forests & Climate Change (Forest Conservation Division) for Diversion of 32.36 ha forest land for Iron Ore Mining in Ari Dongri, Village Kachche, Dist: Baster, Kanker, Chhattisgarh.

Upon execution of mining lease and commencement of operation in the additional 32.36 ha, the total mining lease area of Ari Dongri Iron ore mines will get expanded from 106.60 ha to 138.96 ha and the production capacity from 0.7 MTPA to 1.405 MTPA which is expected to be executed within next 2-3 months. Post commencement of commercial operation in enhanced mining area, the entire requirement of iron ore of the Company shall be met from captive iron ore mines upon achievement of full production in captive iron ore mines, leading to cost savings.

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

294.65 -10.15 (-3.33%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 214.45
JSW Steel 1277.70
SAIL 184.80
Jindal Stainless 755.10
APL Apollo Tubes 1948.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×