Godawari Power and Ispat surged 4.23% to Rs 274.65 after the company said it had successfully completed the public hearing for the expansion of its Ari Dongri Iron Ore Mines in Chhattisgarh.
The hearing was held on 13 November 2025 in Kanker. It is a key step toward getting environmental clearance for the project.The company plans to increase the mines capacity from 2.35 MTPA to 6 MTPA. It also aims to expand the lease area from 138.96 hectares to 213.01 hectares.
This expansion, if approved, could significantly boost GPIL's iron ore production capabilities.
Godawari Power & Ispat is involved in captive iron ore mining and the production of iron ore pellets, sponge iron, steel billets, wire rods, HB wires, ferro alloys, and galvanized steel structures. The company also generates both conventional and non-conventional power for its own consumption.
The company's consolidated net profit fell 24.6% to Rs 215.96 crore in Q1 FY26 as against Rs 286.51 crore posted in Q1 FY25. Revenue from operations declined 1.4% YoY to Rs 1,323.25 crore in the quarter ended 30 June 2025.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app