Godawari Power & Ispat share price dropped 1.92% to an intraday low of ₹186 on April 2, 2025. The decline followed the company’s announcement that mining activities at its Boria Tibu iron ore mine in Chhattisgarh had been temporarily suspended starting April 1, 2025.
In a regulatory filing, Godawari Power & Ispat stated that the mining plan approval for the Boria Tibu mine expired on March 31, 2025. The mine has an annual capacity of 705,000 tonnes per annum (TPA) as per the previous approval by the Indian Bureau of Mines (IBM).
The company has applied for renewal, and the approval is still pending. Operations are expected to resume in about 10 days once the renewal is granted. Godawari Power assured that a formal update will be provided once the clearance is received.
Despite the suspension, the company clarified that it will not have a major financial impact, as the mine has contributed negligibly to profitability due to high operational costs.
Established in 1999, Godawari Power & Ispat (GPIL), formerly known as Ispat Godawari Ltd., operates an integrated steel plant with captive power generation.
GPIL is a key player in the steel industry, focusing on mild steel wires and long steel products. The company manages the entire manufacturing process, from raw materials to finished steel products. Its product range includes:
As of April 2, 2025, at 10:19 AM IST, Godawari Power and Ispat share price (NSE: GPIL) traded at ₹190.94, up 0.79% for the day. The stock opened at ₹191.50, reached a high of ₹193.00, and hit a low of ₹186.00.
The company has a market capitalisation of ₹12,770 crore, a P/E ratio of 14.83, and a dividend yield of 0.52%. Over the past year, the stock has ranged between a 52-week high of ₹253.40 and a low of ₹145.75.
While the temporary suspension led to a brief stock dip, the company expects a quick resolution. Given the mine’s minimal impact on profits, long-term effects are unlikely.
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Published on: Apr 2, 2025, 10:25 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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