Godawari Power up 7% on environment clearance for capacity expansion

The entire cost of expansion will be met by internal accruals of the company

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Godawari Power & Ispat rose 7 percent to hit a 52-week high of Rs 818 in the opening trade on February 7 after the company said it received the environment clearance for capacity expansion.

At 10.02 am, Godawari Power & Ispat was quoting at Rs 815.20, up Rs 53.60, or 7.04 percent, on the BSE.

Environment clearance has been granted for the expansion of iron ore pelletisation capacity of Godawari Power from 2.7 MTPA to 4.7 MTPA in Raipur’s Chhattisgarh, the company said in its release.

The entire cost of expansion would be met out of internal accruals. The commercial operation is expected to be commissioned in Q1 FY26, it said.

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The share has gained 124 percent in the last nine months.

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