Godawari Power and Ispat has announced its plan to set up a new integrated steel plant with a capacity of 1.00 million tonnes per annum (MTPA) at an estimated cost of ₹7,000 crore. The decision was approved by the Board of Directors during a meeting held on 24th March 2026.
The new plant will be located in the village of Sarora, Tehsil Tilda, in the Raipur district of Chhattisgarh, approximately 50 kilometres from Raipur. The facility is expected to manufacture iron and steel finished products, including heavy and medium section structural steel and wire rods, to meet the rising demand for structural steel in India.
Currently, Godawari Power and Ispat operates with an existing capacity of 0.5 MTPA at its Siltara Industrial Area facility in Raipur, which is utilised above 95%. The proposed capacity addition of 1.00 MTPA is slated to be completed within a period of three years and six months.
The ₹7,000 crore investment for the project will be financed through a combination of debt and internal accruals, maintaining a funding ratio of 1:1. The company aims to strengthen its presence in the steel sector by capitalising on the robust and growing demand for structural steel across the country.
The board meeting where this decision was made commenced at 12:30 PM and concluded at 1:50 PM.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).