The Ministry of Environment, Forest and Climate Change (Impact Assessment Division), Government of India, has accorded its environmental clearance on Dec.01, 2020 to Godawari Power and Ispat for expansion and modernization of existing manufacturing facilities along with integration of existing environmental clearances at exiting plant location.

With the above approval, the company gets green signal to enhance Steel Billets unit capacity from existing 4,00,000 MTA per annum to 7,00,000 MTA per annum. H.B. Wire capacity from existing 1,00,000 MTA per annum to 2,00,000 MTA per annum. It will also enhance capacity of Iron Ore Benefication Plant from existing 10,00,000 MTA per annum to 32,84,000 MTA per annum. Iron Ore Pelletization Plant capacity can be enhanced from 21,00,000 MTA per annum 24,00,000 MTA per annum. All the units are located at Siltara Industrial Area, Raipur.

“Based on the above approval of the Central Government, the company will apply to the State Government for according its 'Consent to Establishment' for Steel Billet, H.B. Wire and Iron Ore Beneficiation Plant and ‘Consent to Operate’ for the enhanced capacity in Iron Ore Pelletisation plant. The Iron ore Pellet capacity is already in place. However, the production of enhanced capacity in Pellet plant shall start after receipt of Consent to Operate," the company said on Wednesday.

The company further stated that increase in production capacity of Steel Billet, HB Wire and Jron ore Beneficiation plant will require some capex, which will be done after receipt of Consent to Establish. The capex will be incurred out of internal accruals.

Shares of the company gained Rs 16.30, or 3.83%, to settle  at  Rs 441.75.  The total volume of shares traded  was  36,389 at  the BSE (Wednesday).