NSE : GPIL- Godawari Power & Ispat Ltd is train about to leave?NSE:GPIL
⚙️ Godawari Power & Ispat specializes in Iron Ore Mining, Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire and Ferro Alloys manufacturing and Electricity generation.
🏞️ Captive Iron Ore Mines: The company operates two captive mines- Ari Dongri Mine & Boria Tibu Mine, providing 85% of its iron ore needs.
🛠️ Capacity as of FY22: Includes 2 Iron Ore (4.2 MTPA), Iron Ore Pellet (2.8 MTPA), Sponge Iron (0.5 MTPA), Billet (0.4 MTPA), MS Rounds (0.6 MTPA), HB Wires (0.17 MTPA), Ferro Alloys (16,500 TPA), Pre-Fab Structures (0.11 MTPA), and Power (73 MW).
🚀 Expansion: The CECB approved the enhanced capacity of Iron Ore Pellet Plant from 24,00,000 TPA to 27,00,000 TPA.
💰 Capex: As of Nov 2022, expansion and improvement projects are underway with the iron ore mining & beneficiation facilities, sponge iron, power plant turbines, and more.
🔑 Jagdamba Power Plant Acquisition: Acquired as on 7th June 2022.
📈 Future Plans: GPIL plans to set up a greenfield integrated steel plant with a capacity of 1.5-2MT of flat products, costing around INR 4,0000 million over the next three-to-five years.
📉 Promoters Pledge: Promoters pledge shareholding reduced from 32.51% in June’21 to NIL as of 25th April’22.
💱 Export Duty: The government's new export duty has led to a drop in domestic iron ore price and GPIL's pellet realisation.
💼 Stake Purchase: Acquired 37,79,220 equity shares of Alok Ferro Alloys Limited (AFAL) as of 28 June 2022.
🌐 Future Vision: The company plans to enhance Iron Ore Mining Capacity to 5MnT over the next 2-3 years and then to 9MnT over the next 5-7 years.
🔄 Stake Sale in Subsidiary-Ardent Steel Ltd: GPIL reduced its stake in ASL from 76.34% to 37.85%, retaining management control. The proceeds will be used for debt reduction.
🌞 Power Subsidiary-Godawari Green Energy: This solar plant located at Jaisalmer, Rajasthan, has been operational since FY14, with a fixed price PPA with NTPC Vidyut Vyapar Nigam for 25 years.
Disc: Invested as part of the steel basket
