Shares of Godawari Power and Ispat witnessed a remarkable surge of nearly 8% following the news that the bio-mass plant owned by an arm of the company in Chhattisgarh’s Mahasamund district has resumed operations at full capacity from Monday.
The bio-mass plant, named Balaji Power and a unit of Hira Ferro Alloys Limited (HFAL), encountered a fire incident on August 4, 2023.
However, as per a regulatory filing by Godawari Power and Ispat Limited (GPIL), the plant resumed its operations under trial run from March 27, 2024, and has now resumed full operations from April 8, 2024.
GPIL, a flagship entity of the Chhattisgarh-based Hira Group, emphasized its commitment to operational excellence and safety in its statement.
The company operates as a fully integrated steel company, engaging in activities across the entire steel value chain, from iron ore extraction to the production of high-value steel products.
As of 11:10 am, Godawari Power and Ispat shares were trading 7.22% higher at ₹812.10 on NSE.
