-1.30 (-0.54%) Godawari Power and Ispat (GPIL) has received an approval for setting up of Integrated Steel Plant with a capacity of 1.5 to 2 Million Tons of Flat Products in the State of Chhattisgarh under PLI Scheme (Production-Linked incentive Scheme). The estimated capital outlay shall be around Rs 3000 to 4000 crore. The company has initiated the process for land acquisition, obtaining of Environmental clearances, etc. for setting up of the said project and the final cost of project shall be finalized in due course. The Board of Directors of the company at its meeting held on July 27, 2021 has approved the same.
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.