Godawari Power & Ispat Shares Price Rise 5.47% as Company Concludes Public Hearing for Major Mine Expansion

Raipur, November 14: Godawari Power & Ispat share price is witnessing strong investor demand today after it concluded its public hearing for mine expansion. As of 12:05 PM, Godawari Power & Ispat share price was up by 5.47%, or 14.40 points, and was trading at ₹277.65. Until now, the shares have traded within a range of ₹282.50 and ₹271.25. The traded volume for Godawari Power & Ispat stock stood at 77.73 lakh shares, with the company’s market cap at ₹17,628 crore. The shares have their 52-week high at ₹290 and their 52-week low at ₹145.75.

Godawari Power & Ispat Ltd (NSE: GPIL, BSE: 532734) is an Indian steel company and a part of the Raipur-based Hira Group. Its main business involves producing iron ore pellets, sponge iron, steel billets, wire rods, and ferro alloys. The company also operates its own captive power plants to meet its energy needs and sells surplus power to the grid. The company was established in 1999, and is headquartered in Raipur, Chhattisgarh.

Shares Rise After Public Hearing for Ari Dongri Mine Expansion Successfully Concluded

The rise in the share price comes after the company announced that it has successfully concluded the public hearing for the expansion of the Ari Dongri Iron Ore Mines. The hearing concluded yesterday at 3:00 PM in Kanker, Chhattisgarh. The existing production capacity of 2.35 million tonnes per annum (MTPA) is proposed to be increased to 6 MTPA. The current mining lease area spans 138.96 hectares, which will be expanded to 213.01 hectares under the new proposal. The expansion will be done at its mining operations in Village Kachche, District Uttar Baster Kanker, Chhattisgarh.

Investor Takeaway for Godawari Power & Ispat

The announcement by Godawari Power & Ispat that it has concluded its public hearing comes as a positive sign. It will help the company expand its mining operations, leading to a higher revenue and potential profits. Investors have taken the announcement positively, leading to share price rise.

REF: https://nsearchives.nseindia.com/corporate/GPIL_13112025155249_GPILNSEBSEPHARIDONGRI13112025.pdf

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