Godawari Power & Ispat Ltd. has informed the stock exchanges that mining activities at its Boria Tibu Iron Ore Mines, located in Rajnandgaon, Chhattisgarh, have been temporarily suspended. This suspension, effective from April 1, 2025, comes in light of the expiry of the mining plan approval issued by the Indian Bureau of Mines (IBM), which lapsed on March 31, 2025.
The company has already applied for the renewal of the mining plan approval and is awaiting its receipt. Once the renewal is granted, expected within the next 10 days, the mining operations will resume. A formal update will be provided to the exchange upon the renewal approval and the restart of the operations.
The annual rated capacity of the Boria Tibu Iron Ore Mines is 7,05,000 tons per annum (TPA) as per the previously approved mining plan. However, the company clarified that this temporary suspension will have no significant financial impact, as the contribution of the mines to the company’s profitability has been negligible due to high operational costs.