The Godawari Power Board approves a Rs 6000 crore capital expenditure for a new steel facility.
business-standard.com
India
07-02-2024
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The plan to establish a green field integrated steel plant at an estimated cost of Rs 6,000 crore, with an increased capacity of 2 million tons from the previous proposal of 1 million tons, has been accepted by the Godawari Power board.
When all regulatory licenses and environmental clearances are obtained, the project should be finished in around 36 months.
The flagship company of the Hira Group of Industries, situated in Chhattisgarh, is Godawari Power & Ispat. The company has a vertically integrated steel production in Raipur, two captive iron ore mines, and a pellet facility. In addition to pre-fab structures, the steel plant produces billets, MS rounds, HB wires, ferro alloys, and sponge iron.