Godawari Power & Ispat Ltd
Godawari Power & Ispat Ltd (GPIL)

Godawari Power & Ispat Ltd (GPIL)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-4.72 %
3 Month Return8.23 %
1 Year Return-14.36 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 17
Rank 15
Rank 48
Dividend Yield
Rank 32
Rank 5
Price To Book Ratio
Rank 59
Debt To Asset
Rank 202

Company Information

Godawari Power Ispat Ltd a flagship Company of Raipurbased Hira Group of Industries is an integrated steel manufacturer. The company is mainly engaged in generation of electricity Iron ore mining and manufacturing of Sponge Iron Iron Ore Pellets Steel Billets Ferro Alloys and H.B. Wire. The company is having their production facilities located at Siltara in Raipur.The company is having dominant presence in the long product segment of the Steel industry mainly into mild steel wire. The company manufactures sponge iron billets Ferro alloys captive power wires rods through subsidiary company steel wires Oxygen gas fly ash brick and pallets. The company was awarded rights for Iron Ore and Coal Mining for captive consumption. The company operates in two business segments namely Steel and Electricity. Their Steel segment is engaged in manufacturing steel intermediate products such as sponge iron and ferro alloys and finished long steel products including billets wire rods and mild steel wires. The company is also engaged in the generation of captive power which is used in the manufacture of steel and selling power in short term market through merchant sale.Godawari Power Ispat Ltd was incorporated on September 21 1999 with the name Ispat Godawari Ltd. The company was established with an objective to set up facilities for manufacture of sponge iron Steel Billets and Captive Power as a backward integration facility for our Groups Steel Rolling facilities.In the year 2001 the companys Sponge Iron division commenced commercial operations. In January 2003 they received a prospecting license for Iron Ore mining for Boria Tibu mines in Chhattisgarh. In August 2003 the companys initial project with an installed capacity of 105000 tonnes of Sponge iron 100000 tonnes of Steel and 18 MW of Power Generation became fully operational. In the year 2004 the company started implementation of first phase of expansion in capacities of Sponge iron Steel Billets and Captive Power generation. They set up new facilities for manufacture of Ferro Alloys and HB Wire. In the year 2005 the company acquired 51.46 equity capital of R R Ispat Ltd and thus R R Ispat Ltd became a subsidiary company. The company in a consortium was short listed for allotment of Coal mines in Chhattisgarh. In June 20 2005 the name of the company was changed from Ispat Godawari Limited to Godawari Power and Ispat Limited with an object to reflect the true nature of present activities of the company and to create a new and distinct corporate identity.During the year 200506 the company came out with the initial public offer of 8695000 equity shares of Rs 10 each issued at a premium of Rs 71 per share. Their shares were listed on the BSE and the NSE with effect from April 25 2006. The first phase of the companys expansion plan got completed during the year. During the year 200607 the company completed the second phase of expansion project. They acquired the remaining 48.5 stake in R R Ispat Ltd. Thus R R Ispat Ltd became a 100 subsidiary company. The company entered into a joint venture agreement with the consortium partners and incorporated a special purpose company named Chhattisgarh Captive Coal Mining Ltd for the development and operation of coal blocks allocated to the consortium.During the year 200708 the company commissioned the phase II expansion project and started commercial production in new capacities of sponge iron steel billets wire drawing and captive power plant which has resulted into higher production volumes of these products. In February 2008 the company promoted a 100 subsidiary company namely Godawari Energy Ltd formerly known as Godawari Power Ltd with a view to explore the opportunities of setting up merchant power project in view of huge business potential available in power sector. During the year 200809 the company commenced mining operations at their Ari Dongri iron ore mines. They received final approval from Ministry of Environment and Forest for mining of iron ore from their Boria Tibbu iron ore mines. In March 2009 the company acquired 75 of the equity shares of Ardent Steel Ltd which is setting up an iron ore pelletisation plant in the State of Orissa. Thus s Ardent Steel Ltd became a subsidiary company with effect from March 16 2009.During the year the company signed an MoU with Government of Chhattisgarh for settingup of Cement Plant comprising of 2 million tons per annum capacity of Cement and 1 million ton per annum capacity of clinker along with Power Plant of 50 MW capacity through a subsidiary company and accordingly they promoted 100 subsidiary company with the name of Godawari Clinkers Cement Ltd.During the year 200910 the company started commercial production at iron ore Pelletization plant which is having the capacity of 600000 MTPA at Siltara Raipur. The company acquired 100 of the equity of Krishna Global Minerals Ltd for doing the business of exploration of mines and minerals which is in the initial stage.During the year the company proposed to merge the 100 subsidiary Company R R Ispat Ltd and another company Hira Industries Ltd subject to the approval of the Honble High Court of Chhattisgarh. The appointed date of the proposed scheme is April 1 2010. The scheme is presently awaiting the approval of the High Court.
OrganisationGodawari Power & Ispat Ltd