Godawari Power & Ispat’s material subsidiary company -- Godawari Green Energy (GGEL) has temporarily shut-down its operations at 50 MW solar power plant for complete overhauling and major maintenance of the plant situated at Jaisalmer in the state of Rajasthan, which is expected to be completed within 3 to 4 weeks.
There will not be any major financial impact on the performance of the GGEL except the loss of revenue for one month due to above shut-down. The impact of the above-said shut down on consolidated financial performance of Godawari Power and Ispat shall be insignificant.
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.
