Godawari Power and Ispat Limited board approves setting up of 250 MW solar power plant

The Board of Directors of Godawari Power and Ispat Limited ("GPIL") at its meeting held today (i.e. 25th May, 2021), have approved the proposal to set up a captive Solar PV Power Plant of 250 MW capacity in Raigarh District of Chhattisgarh with a cost envisaged at Rs. 750 Crores was approved by the Board. The project shall be funded mainly out of internal accruals, The power generated in this project shall be captively consumed in the Company's existing plant situated at Silatra Industrial Area, Raipur, Chhattisgarh.

Shares of GODAWARI POWER & ISPAT LTD. was last trading in BSE at Rs.966.9 as compared to the previous close of Rs. 909.1. The total number of shares traded during the day was 33656 in over 2295 trades.

The stock hit an intraday high of Rs. 977 and intraday low of 919.2. The net turnover during the day was Rs. 32056102.

Source : Equity Bulls

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