GPILNSEGodawari Power And Ispat limited· Steel And Steel ProductsMediumPositive
Announced Tue, 19 May · 18:41 IST

Godawari Power And Ispat limited has informed the Exchange about General Updates about Commencement of Operations at 25 MWp Captive Solar Power Plant.

Greenfield CommissionedCapex & Operations View source PDF

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AI summary

Godawari Power & Ispat Limited has announced the commissioning of its new 25 MWp Captive Solar Power Plant at Chawardhal in Rajnandgaon district, Chhattisgarh. The plant was synchronized with the grid on 19 May 2026. The solar power generated will be used captive at the Ari Dongri Iron Ore Mines and Boria Tibu Iron Ore Mines for mining operations. This replaces expensive power previously purchased from the state Discom. The company highlighted this supports its green initiatives and reduces carbon footprint.

Likely market impact

This commissioning reduces the company's electricity costs by replacing high-cost state discom power with captive solar generation. It also strengthens the company's ESG profile by lowering carbon emissions, which could be positive for investor sentiment.