SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Godawari Power and Ispat gets nod to set-up Integrated Steel Plant in Chhattisgarh

24 Mar 2026 Evaluate

Godawari Power and Ispat has received approval to set-up an Integrated Steel Plant with a capacity to manufacture 1.00 million tons per annum of Iron & Steel finished products in the form of heavy & medium section structural steel and wire rods to strengthen its presence in the steel sector and capitalize on the growing demand for structural steel in India.

The Integrated Steel Plant is proposed to be set up at village Sarora, Tehsil Tilda, District Raipur, Chhattisgarh, which is 50 KMs near Raipur, Chhattisgarh at the cost envisaged at Rs 7000 crore to be funded through debt and equity (internal accruals) in the ratio of 1:1. The Board of Directors of the company at its meeting held on March 24, 2026, has considered and approved the same. 

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.

Godawari Power & Isp Share Price

305.60 5.10 (1.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
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:

×