Godawari Power And Ispat received the Consent to Operate from the Chhattisgarh Environment Conservation Board for its expanded Steel Melting Shop. The company increased its manufacturing capacity for steel billets to 5,75,000 Metric Tons Per Annum at its Raipur facility. This regulatory approval allows the firm to fully utilize its sponge iron production internally.
The Chhattisgarh Environment Conservation Board granted the approval for the plant site located in the Siltara Industrial Area. The capacity for the Steel Melting Shop rose from 5,25,000 Metric Tons Per Annum to the new level. The company stated that the higher capacity has started operating with immediate effect.
Following this approval, the sponge iron manufactured by the company will be 100% captively consumed. The firm noted that this shift will lead to value addition and an improvement in operating margins. It further stated that the overall increased capacity will be value accretive. Godawari Power And Ispat produces sponge iron, steel billets, ferro alloys, HB wires, oxygen, and fly ash bricks, while also maintaining a presence in the power business.
Based on company and agency reports. For information only; not investment advice.