Godawari Power and Ispat Resumes Mining Operations at Boria Tibu Iron Ore Mines
Godawari Power and Ispat Limited has resumed mining operations at its Boria Tibu Iron Ore Mines with an approved mining plan extending until 2030. This development ensures a stable iron ore supply for the company's steel production, potentially reducing external dependencies and optimizing costs. The long-term approval allows for more confident strategic planning in the face of industry challenges related to raw material availability and price volatility.
22May 25
Godawari Power Eyes 20%+ Volume Growth in FY '26, Sets 3 Million Pellet Target
Godawari Power and Ispat Limited projects over 20% volume growth in FY '26, matching FY '25 expectations. The company aims for 3 million pellet production in FY '26, with an additional 0.5-0.6 million from a new plant. These targets are subject to market conditions.
Godawari Power & Ispat Reports Q4 Profit Growth, Announces Dividend and Debt Plans
Godawari Power & Ispat's Q4 results show a slight increase in consolidated net profit to ₹2.22 billion, up 0.91% year-over-year. Revenue decreased by 4.05% to ₹14.68 billion. The company declared a dividend of ₹1 per share and plans to raise ₹3 billion in long-term debt.
20May 25
Godawari Power and Ispat: Q4 Profit Up 1.4%, Dividend Declared, Expansion Plans Approved
Godawari Power and Ispat Ltd reported a 4% decrease in Q4 revenue to ₹1,468.00 crore, but saw a 1.4% increase in net profit to ₹221.30 crore. The company declared a final dividend of ₹1.00 per share and approved expansion plans, including a 50,000 tonnes increase in steel melting capacity and revision of solar power capacity to 125 MWp.
01Apr 25
Godawari Power and Ispat Halts Mining Operations at Boria Tibu, Expects Quick Resumption
Godawari Power and Ispat Limited (GPIL) has temporarily suspended operations at its Boria Tibu Iron Ore Mines in Chhattisgarh from April 1, 2025, due to the expiration of its mining plan approval. The company has applied for renewal and expects to resume operations within 10 days. The mine has an annual capacity of 705,000 TPA, but GPIL states the suspension will have minimal financial impact due to the mine's negligible contribution to overall profitability. GPIL management will meet with investors and analysts on April 4, 2025.
20Mar 25
Godawari Power & Ispat Eyes Rs 150 Crore EBITDA Boost from Power Grid Deal, Announces Investor Meet
Godawari Power & Ispat Ltd. (GPIL) anticipates an additional EBITDA of Rs 150 crore from supplying steel billets to Power Grid Corporation, with full production capacity expected by FY26. The company is also expanding its Aridongri mines, awaiting environmental clearance by June 2025. GPIL has scheduled a virtual meeting with ICICI Prudential AMC on March 26, 2025, indicating active investor engagement.