Godawari Power zooms on receiving nod for Iron Ore Mining in Ari Dongri

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

23 Feb 2015 Evaluate

Godawari Power & Ispat is currently trading at Rs. 144.00, up by 14.00 points or 10.77% from its previous closing of Rs. 130.00 on the BSE.

The scrip opened at Rs. 129.60 and has touched a high and low of Rs. 149.00 and Rs. 129.00 respectively. So far 66259 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 186.70 on 09-Jun-2014 and a 52 week low of Rs. 67.00 on 24-Feb-2014.

Last one week high and low of the scrip stood at Rs. 149.00 and Rs. 113.60 respectively. The current market cap of the company is Rs. 435.66 crore.

The promoters holding in the company stood at 64.89% while Institutions and Non-Institutions held 5.81% and 29.30% respectively.

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

265.20 -1.00 (-0.38%)

25-Jun-2026 16:59 View Price Chart

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