Godawari Power Approves ₹7,000 Crore Integrated Steel Plant in Chhattisgarh

Godawari Power and Ispat Limited has approved a proposal to establish a new integrated steel plant to strengthen its presence in India’s steel sector. The decision was taken during the board meeting held on 24 March 2026.

The proposed facility will have a manufacturing capacity of 1.00 million tonnes per annum (MTPA) of iron and steel finished products. The plant will primarily produce heavy and medium structural steel sections along with wire rods, catering to the growing demand from infrastructure and construction sectors.

Location and Project Investment

The integrated steel plant is planned to be set up at village Sarora, Tehsil Tilda, in district Raipur, located around 50 kilometres from Raipur in Chhattisgarh.

The company has estimated the project cost at approximately ₹7,000 crore. The investment will be funded through a combination of debt and internal accruals in a 1:1 ratio. The project is expected to be completed within a tentative period of three years and six months.

Existing Operations and Capacity Utilisation

Currently, the company operates a steel manufacturing facility with a capacity of 0.5 MTPA at the Siltara Industrial Area in Raipur. The existing plant is operating at over 95% capacity utilisation, reflecting strong demand for its steel products.

The new integrated plant will significantly expand the company’s production capabilities and allow it to cater to rising domestic demand for structural steel used in infrastructure and industrial projects.

Growth Strategy in the Steel Sector

The proposed expansion aligns with the company’s strategy to strengthen its position in India’s steel industry. Increasing investments in infrastructure, construction, and manufacturing are expected to drive sustained demand for structural steel in the coming years.

By adding new production capacity, the company aims to enhance its market presence while improving operational scale and efficiency.

Godawari Power and Ispat Share Price Today

On March 25, 2026, Godawari Power and Ispat share price opened at ₹266.00. At 11:33 AM, the share price of Godawari Power and Ispat was trading at ₹274.40, up by 4.18% on the NSE.

Also Read: Power Grid Revises FY26 Capex Target to ₹35,000 Crore!

Conclusion

The planned integrated steel plant represents a significant step in Godawari Power and Ispat’s long-term growth strategy. With strong demand for structural steel and high utilisation at its existing facility, the expansion is expected to support increased production, improve competitiveness, and strengthen the company’s role in meeting India’s growing steel requirements.

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