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An update from Godawari Power & Ispat Ltd. ( (IN:GPIL) ) is now available.
Godawari Power & Ispat Limited has received environmental clearance from the State Environment Impact Assessment Authority, Chhattisgarh, for a major expansion of its Ari Dongri Iron Ore Mines, increasing capacity from 2.35 million tonnes per annum to 6 million tonnes per annum and enlarging the mining lease area from 138.96 hectares to 213.01 hectares. This approval marks a significant step in the company’s growth plans, enabling higher captive iron ore availability that can support expanded steel production, improve operational integration, and potentially enhance its competitiveness in the domestic steel and mining industry.
More about Godawari Power & Ispat Ltd.
Godawari Power & Ispat Limited is an integrated steel and mining company based in Chhattisgarh, engaged in iron ore mining and the production of steel and related products. The company operates key mining assets such as the Ari Dongri Iron Ore Mines, which support its raw material requirements and strengthen its position in the regional iron and steel value chain.
Average Trading Volume: 130,768
Technical Sentiment Signal: Strong Buy
Current Market Cap: 166.4B INR
For detailed information about GPIL stock, go to TipRanks’ Stock Analysis page.