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Godawari Power rises after its arm gets EC for production capacity enhancement of Iron Ore Pelletisation Plant

  • Feb-14-2020
  • 15 Hrs IST

Godawari Power & Ispat is currently trading at Rs. 207.90, up by 1.85 points or 0.90% from its previous closing of Rs. 206.05 on the BSE.

The scrip opened at Rs. 205.85 and has touched a high and low of Rs. 212.45 and Rs. 205.50 respectively. So far 11028 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 294.00 on 07-Mar-2019 and a 52 week low of Rs. 120.60 on 26-Aug-2019.

Last one week high and low of the scrip stood at Rs. 227.85 and Rs. 204.95 respectively. The current market cap of the company is Rs. 729.04 crore.

The promoters holding in the company stood at 67.36%, while Institutions and Non-Institutions held 3.96% and 28.68% respectively.

The Ministry of Environment, Forest and Climate Change, Government of India has accorded its Environmental Clearance (EC) to Ardent Steel, a subsidiary of Godawari Power and Ispat, for enhancement of production capacity of existing Iron Ore Pelletisation Plant from 6,00,000 TPA to 6,90,000 TPA through Process Optimization without any further Capital Expenditure for the same. The approval will enable the company to increase the production of Iron Ore Pellet by 15% up-to 6,90,000 TPA.

Godawari Power & Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.