Godawari Power And Ispat Ltd.

Godawari Power & Ispat has temporarily suspended mining operations at its Boria Tibu iron ore mine situated at Rajnandgaon in Chhattisgarh due to labour unrest. The annual rated capacity at its Boria Tibu iron ore mine is 7.05 lakh tonnes per annum (TPA) as per approved mining plan. However, mining operations in the said mine was started in the last financial year with very low volume and mine was partially under development stage and therefore, there is no major financial impact on the performance of the company since the contribution from mines in the profitability of the company was negligible till now.

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.