Godawari Power shares surge 5% after receiving environment clearance for 2 MTPA integrated steel plant in Raipur
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.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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