Godawari Power And Ispat limited has informed the Exchange about Temporarily Suspension of Operations at 2.00 MTPA Iron Ore Pellet Plant situated at Phase II, Siltara Industrial Area, Raipur, Chhattisgarh w.e.f. 14.07.2026.
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Godawari Power and Ispat has temporarily halted operations at its 2.00 MTPA Iron Ore Pellet Plant in Phase II, Siltara Industrial Area, Raipur, effective 14.07.2026. The shutdown is driven by multiple factors: curtailment of contracted gas supplies by GAIL following the government's withdrawal of the Natural Gas (Supply Regulation) Order, 2026; a force majeure situation by upstream gas suppliers leading to higher gas prices; and lower iron ore output from Ari Dongri Mines during the monsoon. With these cost pressures, pellet production has become economically unviable. The plant contributes roughly Rs 259 crores, or 5.5% of the company's turnover. Management expects this to dent Q2FY27 profitability but believes production will normalise post-monsoon once gas supplies and iron ore output recover.
Negative short-term impact on Q2FY27 earnings due to lost pellet volumes and revenue contribution of about 5.5% of turnover; however, the company says there is no long-term impact, and operations should resume once the monsoon ends and gas supply normalises.