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Godawari Power restarts partial operations due to favorable market conditions

15 Dec 2016 Evaluate

Godawari Power & Ispat has restarted partial operations in Steel Melting Shop, Captive Bio Mass Power Plant, Steel Rolling Mill & Wire Drawing Units in line with the slight improvement in the price realization and market demand.

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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