Godawari Power and Ispat Ltd. Announces Plans for 1.00 MTPA Integrated Steel Plant
Godawari Power and Ispat Limited announced on March 24, 2026, the board's approval to establish a new integrated steel plant with an annual production capacity of 1.00 million tons. The plant will manufacture heavy and medium section structural steel and wire rods, aimed at capitalizing on the increasing demand for structural steel in India.The proposed facility will be located in Sarora, Tilda Tehsil, Raipur District, Chhattisgarh, approximately 50 kilometers from Raipur. The total project cost is estimated at Rs. 7000 Crores, with funding planned through a debt-to-equity ratio of 1:1 utilizing internal accruals. The project is expected to be completed within 3 years and 6 months.
Currently, Godawari Power and Ispat Limited has an existing capacity of 0.5 MTPA at its Siltara Industrial Area facility in Raipur, operating at a utilization rate above 95%.
Project Details:
| Particulars | Details |
|---|---|
| Existing Capacity | 0.5 MTPA at Siltara Industrial Area, Raipur |
| Existing Capacity Utilization | Above 95% |
| Proposed Capacity Addition | 1.00 MTPA Integrated Steel Plant |
| Project Completion Timeline | 3 Years and 6 Months (Tentative) |
| Investment Required | Rs 7,000 Crores (Approx) |
| Funding Ratio (Debt:Equity) | 1:1 |
| Rationale | Growing demand for structural steel in India |
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