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Godawari Power & Ispat restarts mining operation in Boria Tibu iron ore mines

03 Oct 2016 Evaluate

Godawari Power & Ispat has restarted mining operation in Boria Tibu Iron Ore Mines, with effect from October 01, 2016, which was temporarily suspended due to labour unrest. The annual rated capacity of Boria Tibu iron ore mine is 7.05 lakh tonnes per annum (TPA) as per approved mining plan.

Godawari Power & 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.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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