Business Summary
Godawari Power and Ispat Limited, a Public Limited Company under the Companies Act, 1956. Erstwhile the name of our Company Ispat Godawari Limited. The Company changed its name to Goadawari Power and Ispat Limited on June 20, 2005. Refers to Godawari Power and Ispat Limited and, where the context requires, its subsidiary, which is RR Ispat Limited. The Hira Group, promoted by the Agrawal family led by Mr. B. L Agrawal, is a leading player in the secondary steel segment in Central India. The Group's main business interests are in Steel, Ferro Alloys, Power and Coal Beneficiation and it has its manufacturing facilities at Raipur in Chhattisgarh, an area known for low cost production of steel due to the easy availability of raw materials, cheap labour and supportive government policies. Company engaged in Manufacturing of coal based Sponge Iron- 105000 TPA, Mild Steel Billets - 150000 TPA and Captive Power - 18MW. Expansion in capacity of Sponge Iron- 130000 TPA, Mild steel Billets - 100000 TPA and Power 10 MW and new capacity for manufacture of Ferro Alloys - 16500 TPA and Wire drawing - 60000 TPA under implementation and expected to be completed by June, 2005. Power Generation by using waste heat recovery - 10 MW and Coal based 8 MW. Sales Turn over - FY 2003-04 Rs 122 Cr and expected to increase to Rs 195 Cr during current year. Captive use of Sponge Iron in Production of Steel Billets. Excess Power production wheeled to group Companies. Billet Production sold to group companies for rolling into CTD bars and Wire Rod - Rolling Capacity of Group companies - 200000 TPA. Mining Rights for Iron Ore Mines at Aria Dongri for 106 hectare under active consideration. Prospecting License for Iron Ore Mines granted at Boria Tibbu for 110 hectare. GPIL has been short listed for allotment of coal mines by Ministry of Coal.
