Godawari Power’s arm achieves financial closure for Power Project at Jaisalmer

Godawari Power and Ispat’s subsidiary -- Godawari Green Energy -- has achieved financial closure for its debt requirement of Rs 579.06 crore for 50 MW Solar Thermal Power Project being established at Jaisalmer in Rajasthan.

Earlier in May, Godawari Power had received an approval to sell iron ore Pelletisatinn Plant with an installed capacity of 1.2 million tonnes per annum at an estimated cost of project of Rs 350 crore approximately at the company’s existing plant location at Siltara in Raipur (Chhattisgarh).

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.