Godawari Power and Ispat Ltd to set up 1 MTPA integrated steel plant

The Board of Directors of Godawari Power and Ispat Limited ("the Company") at its Meeting held today i.e. on 24th March, 2026, has considered and approved the proposal to set-up an Integrated Steel Plant with a capacity to manufacture 1.00 Million tons per annum of Iron & Steel finished products in the form of heavy & medium section structural steel and wire rods to strengthen its presence in the steel sector and capitalize on the growing demand for structural steel in India.

The Integrated Steel Plant is proposed to be set up at village Sarora, Tehsil Tilda, District Raipur, Chhattisgarh, which is 50 KMs near Raipur, Chhattisgarh at the cost envisaged at Rs.7000 Crores to be funded through debt and equity (internal accruals) in the ratio of 1 : 1.

Source : Equity Bulls

Keywords

GodawariPowerandIspat GPIL 1MTPA IntegratedSteelPlant