Shares of steel-maker Godawari Power and Ispat rose as a lot as 13 per cent to hit recent 52-week excessive of Rs 633 on the BSE in an in any other case weak market session. The Raipur-based firm knowledgeable exchanges that it’s got environmental clearance from Chhattisgarh Environment Conservation Board to boost manufacturing with quick impact.
“We would like to inform you that Chhattisgarh Environment Conservation Board, Raipur has accorded its approval for ‘Consent to Operate’ enhanced capacity of Iron Ore Pellet Plant from 21,00,000 to 24,00,000 Tons Per Annum’ with immediate effect,” Godawari Power mentioned in a inventory trade submitting.
“The Chhattisgarh Environment Conservation Board, Raipur has also accorded its ‘Permission to Establish’ the proposed expansion and modernization of existing manufacturing facilities along with integration of existing environmental clearances at exiting plant location,” the corporate added.
Godawari Power shares have up to now this 12 months outperformed the Sensex by rallying 33 per cent in contrast with a bounce of 5 per cent within the Sensex.
