Godawari Power and Ispat Limited has announced its highest ever production performance across all business divisions for FY26, demonstrating exceptional operational excellence and strategic execution. The integrated steel company achieved record production levels in iron ore mining and value-added steel products, significantly surpassing previous year's performance.

Record Production Performance Across All Segments

The company delivered outstanding production results across its entire portfolio of operations during FY26. Iron ore mining reached a record high of 27.49 lakh metric tons, representing a substantial increase from 23.42 lakh metric tons in FY25. Iron ore pellets production also achieved new heights at 28.56 lakh metric tons, compared to 24.49 lakh metric tons in the previous year.

Value-Added Products Drive Growth

The company's focus on value-added products has yielded impressive results, with significant growth in iron ore pellets and sponge iron production. Iron ore pellets, which command premium pricing due to their enhanced quality for steel production, showed robust growth of 4.07 lakh metric tons year-over-year. Sponge iron production increased by 0.56 lakh metric tons, reflecting strong demand for direct reduced iron products.

Power Generation Achieves New Milestone

Godawari Power's captive power generation also reached record levels, producing 86.58 crore units (KWH) in FY26 compared to 83.45 crore units in FY25. This enhanced power generation capacity supports the company's integrated operations and contributes to operational cost efficiency across all manufacturing divisions.

Leadership Recognition and Strategic Outlook

Chairman-cum-Managing Director B.L. Agrawal praised the achievement of highest-ever production volumes across all company divisions, highlighting operational excellence and congratulating employees and stakeholders for their unwavering commitment. The comprehensive production growth across multiple segments demonstrates the company's integrated business model effectiveness and operational capabilities in delivering consistent performance improvements.

Godawari Power And Ispat Limited has received board approval for establishing a new integrated steel plant, marking a significant expansion in the company's manufacturing capabilities. The board meeting held on March 24, 2026, formally approved the proposal to strengthen the company's presence in India's growing steel sector, as disclosed in the company's regulatory filing to BSE and NSE.

Project Specifications and Location

The approved integrated steel plant will be established at village Sarora, Tehsil Tilda, District Raipur, Chhattisgarh, located approximately 50 kilometers from Raipur. The facility is designed to manufacture 1.00 million tons per annum of iron and steel finished products, specifically focusing on heavy and medium section structural steel and wire rods.

Investment Structure and Financing

The project requires an estimated investment of ₹7000 crores, which will be funded through a balanced financing approach. The company has structured the funding with a debt-to-equity ratio of 1:1, utilizing both external debt financing and internal accruals equally.

Current Operations and Expansion Rationale

Godawari Power And Ispat Limited currently operates an existing steel plant with 0.50 MTPA capacity at Siltara Industrial Area, Raipur, which maintains above 95% capacity utilization. The new facility will double the company's production capacity, positioning it to capitalize on the robust and growing demand for structural steel in India.

Regulatory Compliance and Meeting Details

The board meeting commenced at 12:30 PM and concluded at 1:50 PM on March 24, 2026. The company has filed the necessary disclosures with both BSE (Scrip Code: 532734) and NSE (Scrip Code: GPIL) under Regulation 30, ensuring full regulatory compliance for this significant capacity expansion announcement.

The board's approval reflects the company's strategic commitment to expanding its steel manufacturing footprint through substantial capital investment, leveraging both market opportunities and operational expertise in the steel sector.