Godawari Power & Ispat (GPIL), the flagship of the Hira Group, was incorporated in 1999 in Raipur, Chhattisgarh, with a vision to become a fully integrated steel producer. Since its public listing on NSE and BSE in 2006, the company has steadily expanded into iron ore mining, pellets, sponge iron, billets, ferro alloys, and wire rods, supported by captive power generation. With strong backward and forward integration, the company stands among India's largest pellet producers. The company is one of the few with captive iron ore mines, ensuring cost efficiency and resource security. Alongside operational excellence, the company has been recognised for its focus on safety, sustainable practices, and community development.
Business area of the company
The company is engaged in Iron and Steel Industry, Power Sector and Mining Sector. It is having an integrated steel manufacturing unit with facilities ranging right from captive iron ore mining to production of iron ore pellets, sponge iron, steel billets, rolled products, wires, ferro alloys and captive power plant.
Product offerings
- Pellets: Pellets are produced by agglomerating iron ore concentrate into consistent shapes and sizes, delivering high-grade iron content essential for efficient steelmaking.
- Sponge Iron: Sponge iron, or Direct Reduced Iron (DRI), is a highpurity iron product obtained through the solid-state reduction of iron ore using coal.
- Iron & Steel Billets: Iron and steel billets are semi-finished products with a square cross-section, manufactured through the hot rolling process.
- Wire Rods: Wire rods are coiled steel products with a round crosssection, produced through the hot rolling of billets.
- Hard Black Wires: Hard Bright Wires are precision-drawn steel wires produced by cold drawing hot-rolled wire rods to achieve reduced diameters and enhanced tensile strength.
- Ferro Alloys: Ferro alloys are iron-based alloys enriched with elements such as manganese, silicon, or chromium, designed to enhance the mechanical properties of steel, including strength, durability, and corrosion resistance.
Awards and Achievements
2018-19
- Received the HR Best Practices Award from the National HRD Network, Bhubaneswar Chapter, for excellence in human resource development.
- Became India’s first steel manufacturer to receive ISO 45001:2018 certification, highlighting leadership in occupational health and safety.
- Participated in “Think Progress, Think Chhattisgarh” by The Economic Times and Times Now, reaffirming its commitment to regional development.
2020-21
- GPIL was honoured with the National Energy Management Award 2020 by the Society of Energy Engineers and Managers (SEEM), recognising its commitment to sustainable energy practices.
- Boria Tibu Iron Ore Mines achieved First Place in Waste Dump Management (Group-B) and Third Place in Publicity and Propaganda (Group-B) during MEMC Week FY2021-22.
- GPIL received a Certificate of Achievement for Swachh Change in ULB during MEMC Week FY2021–22, acknowledging its efforts in waste management and environmental conservation.
- The Company was awarded the SEEM Gold Award for its outstanding efforts in energy conservation within steel product manufacturing.
2022-23
- Earned the Great Place to Work Certification, reinforcing GPIL’s reputation as an employee-centric organization.
- Became a member of the Quality Circle Forum of India (QCFI); four GPIL teams secured Gold Awards at the ICQCC 2023 held in Beijing, China.
- Achieved national recognition with two ‘Par Excellence’ and two ‘Excellence’ awards at the National Quality Circle Convention.
2023-24
- On January 10, 2024, GPIL was honoured with the title of “Steel Company of the Year - 2023” by the Steel Users Federation of India (SUFI), supported by the Ministry of Steel, Government of India.
- In March 2024, GPIL was recognised as “India’s Leading Listed ESG Entity” by Dun & Bradstreet, reflecting its strong commitment to environmental, social, and governance excellence.
2024-25
- Honored to receive the GEEF Global Safety Award 2025 for Industrial Excellence, recognising commitment to safety, innovation, and operational excellence.
- National Safety Award in the category of Large Enterprises - Steel & Power Sector at the 12th Global Safety Summit Awards held on December 23, 2024 at Delhi.
- GPIL declared as ‘India’s Leading Listed ESG Entity’ in March 2024 by Dun & Bradstreet.
- ‘Certificate of Excellence’ by the Apex India Foundation at the prestigious 9th Apex India Occupational Health and Safety Awards 2024 held in Goa.
- ISEI Excellence Award 2024, presented by the Institute of Safety Engineers (India) during a programme held in November 2024 at Raipur.
- Winner of the “Safety Excellence” category for outstanding achievements at the 22nd Global Greentech Workplace Safety Award 2024, held in January 2025.
- Platinum SEEM Award 2023 for Excellence in Energy Conservation & Energy Management in the steel product category.
- Godawari Power & Ispat Ltd became a member of the Quality Circle Forum of India. Five teams from GPIL won the “Par Excellence” award at NCQC 2024 in Gwalior and were nominated for ICQC 2025 in Taiwan.
Milestones
- 1999: Established in 1999 with the core objective of manufacturing steel through the sponge iron process.
- 2001: Commissioned a sponge iron plant with an installed capacity of 105,000 tonnes per annum (TPA).
- 2002: Commissioned the first phase of a 10 MW Waste Heat Recovery (WHR) power plant in September 2002.
- 2003: Began commercial production of 150,000 TPA steel billets in August 2003.
- 2004: Initiated first growth phase with sponge iron, steel billets, and captive power production.
- 2005: Commissioned a 60,000 TPA Hard Black (HB) wire plant in April 2005.
- 2006: Commissioned a new 16,500 TPA ferro alloys facility in January 2006.
- 2006: Launched the second phase of growth in September 2006, expanding sponge iron capacity and captive power generation.
- 2010: Ensured stable raw material supply through strategic backward integration into iron ore mining; commenced commercial operations with 322,352 MT mined in the first year.
- 2010: Commenced commercial operations of a 600,000 TPA iron ore pellet plant in July 2010.
- 2010: Commissioned a 20 MW biomass power plant powered by rice husk in November 2010, enhancing renewable energy capacity.
- 2013: Commissioned a new pellet plant in July 2013, adding 1.5 MTPA to existing capacity.
- 2013: Introduced coal gasification units, leading to cost reduction in iron ore pellet production.
- 2015: Built a new 0.2 million TPA rolling mill, bringing the total rolling capacity to 0.4 million TPA.
- 2016: Mining Capacity surged to 2.1 million TPA.
- 2018: Approved a strategic investment of Rs 100 crore to establish a pre-fabricated galvanized structures facility, capitalising on emerging market opportunities.
- 2018: Expanded production capacity with a new 110,000 TPA facility, fully funded through internal accruals, to meet the growing demand for pre-fabricated structures.
- 2020: Enhanced hot rolling mill capacity by 400,000 TPA in February 2020, strengthening production capabilities and enabling greater product diversification.
- 2020: Expanded the iron ore beneficiation plant capacity by 1,000,000 TPA, improving feedstock quality and operational efficiency.
- 2021: Enhanced iron ore production capacity at the Ari Dongri mine from 1.4 MTPA to 2.3 MTPA.
- 2021: Initiated a new iron ore crushing and beneficiation project at the Ari Dongri mine to further improve operational efficiency.
- 2022: Commissioned a 70 MW solar power plant in Rajnandgaon in August 2022, further strengthening the company’s renewable energy portfolio.
- 2022: Acquired a 25 MW thermal power plant from Jagdamba Power and Alloys Limited (JPAL), enhancing captive power capabilities.
- 2022: Announced a major expansion plan to scale iron ore mining capacity from 2.35 MTPA to 6 MTPA annually.
- 2022: Proposed establishment of a new 6 MTPA iron ore crushing and beneficiation plant to support expanded mining operations.
- 2023: Commissioned a 30 MW captive solar power plant at Hira Ferro Alloys Limited (HFAL) and initiated development of an additional 25 MW solar power plant through a subsidiary.
- 2023: Enhanced steel billets production capacity from 400,000 TPA to 525,000 TPA to support growing downstream demand.
- 2024: Commissioned a 23 MW captive solar plant at Khairagarh, Rajnandgaon
- 2024: Initiated development of a 2 MTPA pellet plant at Raipur.
- 2024: Increased sponge iron capacity to 594,000 TPA in January 2024.
- 2024: Expanded Board strength to 12, including one additional woman independent director.
- 2025: Setting up additional 125 MW Solar Power Plant
- 2025: Undertaken Decarbonisation initiatives.
- 2025: Engaged in recycling of non-ferrous metals.
- 2025: Enhancing steel melting capacity by 50,000 MTs expected commissioning in March 2026.
- 2025: Commenced production of structural steel in rolling mill.
- 2025: Establishing 7 MWh waste heat recoverybased power plant.
- 2025: Commissioned 0.6 MTPA Iron ore benefication plant out of 1.50 MTPA proposed.
- 2025: Commission 18 MW Solar Power at Tulsipur, Chhattisgarh.
- 2025: Commissioned 22 MW captive solar power plant at HFAL.
- 2025: Power Grid Corporation approved our Steel Billets for supply to all TLT manufacturers.
- 2025: Enhancing pellet capacity from 2.7 MTPA to 4.7 MTPA.
Check Before You Invest 
DeciZen 
10 Yrs X-Ray 
Analysis 
Qtr. Results 
Valuation 
Analyst Note 
Comp-peers 
Profit & Loss 
Balance Sheet 
Cash Flow 
Ratios 
News 
About
