Land allotted for 99-year integrated steel plant project
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On the reaction day the stock moved 2.4 pts more than Nifty Smallcap 250 and 1.7 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Godawari Power and Ispat received 182.937 hectares, or 452.03 acres, in Sarora, Raipur, under a 99-year lease through October 2124. The land will be used for an integrated steel plant. Project cost, capacity, funding and completion dates were not disclosed.
The allotment advances the planned steel plant, but its financial and stock impact remains unclear without project cost, capacity and timelines.