Godawari Power And Ispat Limited has received a positive development in its credit profile, with CRISIL Ratings Limited re-affirming the company's existing ratings while upgrading the outlook from Stable to Positive. The rating communication was received on 16.02.2026, and the company promptly informed both BSE and NSE on 17.02.2026 in compliance with Regulation 30 of SEBI listing requirements.

Credit Rating Details

CRISIL has maintained its confidence in Godawari Power And Ispat's creditworthiness by re-affirming both long-term and short-term facility ratings. The rating action demonstrates the agency's positive assessment of the company's financial health and business prospects.

The upgrade in outlook from Stable to Positive for the long-term rating indicates CRISIL's expectation of potential improvement in the company's credit risk profile over the medium term. The AA- rating reflects strong creditworthiness with very low credit risk, while the A1+ short-term rating indicates the highest degree of safety for timely payment of financial obligations.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations 2015. Company Secretary Y.C. Rao signed the communication to stock exchanges, ensuring transparent information flow to investors and stakeholders.

Company Profile

Godawari Power And Ispat Limited operates as an integrated steel and power company with its registered office and works located at Siltara Industrial Area in Raipur, Chhattisgarh. The company holds multiple ISO certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, 50001:2018, and 27001:2022, demonstrating its commitment to quality, environmental management, and operational excellence.

The positive outlook revision by CRISIL represents a significant milestone for Godawari Power And Ispat, potentially enhancing its access to capital markets and improving borrowing terms. This development reflects the rating agency's confidence in the company's operational performance and strategic direction.

Godawari Power & Ispat Limited has received the final operational consent for its expanded Ari Dongri Iron Ore Mines, marking a significant milestone in the company's capacity enhancement initiative. The Chhattisgarh Environment Conservation Board granted the consent to operate at enhanced capacity through its letter dated 09.02.2026, enabling the company to commence mining operations immediately.

Capacity Enhancement Details

The expansion represents a substantial increase in the company's iron ore mining capabilities. The operational consent allows Godawari Power & Ispat to scale up its mining operations significantly at the Ari Dongri facility.

Regulatory Approvals Timeline

The company has maintained transparency with stakeholders through regular updates on the approval process. Godawari Power & Ispat had previously informed exchanges about receiving Environmental Clearance from the Ministry of Environment, Forest and Climate Change on 31.01.2026. This clearance was issued by the State Environment Impact Assessment Authority (SEIAA) Chhattisgarh and covered the capacity expansion from 2.35 MTPA to 6 MTPA.

The company had provided earlier intimations to the exchanges on multiple dates including 10.10.2025, 13.11.2025, 07.01.2026, and 31.01.2026, keeping investors informed about the progress of regulatory approvals for the expansion project.

Immediate Operations Commencement

Following the receipt of operational consent, Godawari Power & Ispat announced that mining operations with the enhanced capacity commenced immediately. The company stated that operations at the expanded capacity began from the same day the consent was received, demonstrating readiness to utilize the enhanced mining capabilities.

The consent to operate represents the final regulatory approval required for the company to begin mining at the increased capacity of 6 MTPA, completing the expansion process that had been in progress through various regulatory stages. This development positions the company to significantly increase its iron ore production from the Ari Dongri mines facility.