Shares of Godawari Power & Ispat Ltd (GPIL) jumped 5% in today’s trade after the company received a major green light from the government. The Ministry of Environment, Forest & Climate Change has granted environmental clearance for GPIL’s upcoming 2 million tonnes per annum (MTPA) integrated steel plant in Chhattisgarh.
The approval was issued during the 7th meeting of the Expert Appraisal Committee held on July 9, with the official minutes uploaded on July 16. The project, planned in two 1 MTPA modules, will be developed in Sarora village, Tilda tehsil, Raipur district.
This nod is a crucial step in GPIL’s expansion drive, boosting its future capacity while aligning with sustainability norms. The company has informed the stock exchanges about this development under SEBI rules.
Godawari Power shares opened at ₹188.65 and, at the time of writing, touched a high of ₹197.61 during the day, while the low stood at ₹188.00. The stock remained in focus in Thursday’s trade. Over the past year, it has moved between a 52-week high of ₹253.40 and a low of ₹145.75. As of 9:36 AM, the shares were trading 5.54% higher at Rs 196.53.
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