Godawari Power & Ispat Limited at its board meeting held on February 6, 2024, approved the proposal for setting up of Green Field Integrated Steel Plant with an enhanced capacity of 2 million tones from 1 million tones proposed earlier, at an estimated cost of INR 60,000 million. Existing Capacity is 0.5 million tomes. Period within which the proposed capacity is to be added is 36 months from the receipt of Environmental Clearance/Statutory approvals.

Mode of financing is Mainly from internal accruals. Rationale: There is robust and growing demand for steel product in domestic market.