Godawari Power & Ispat Ltd (a BSE & NSE listed venture) is an integrated steel plant comprising manufacturing facilities for Sponge Iron (DRJ), MS Billets, Ferro Alloys & MS Wires. Incorporated in 1999, the commercial operations began in 2001 by commissioning the first Sponge Iron plant. GPIL has power generation facilities which cater to the in-house demands and the surplus is exported to National Grid. It is the first Company of Central India which came up with an IPO, which received an overwhelming response from the market and got oversubscribed by four times. Over the last few years, the company has scaled up its capacity fivefold and is today the third largest producer of coal based sponge iron in India. GPIL is very involved in preserving and protecting the environment, which is why the company has achieved about 75% recovery of waste heat from flue gas of sponge iron kiln and utilization of same heat to produce steam. The steam is further utilized to generate power.
To become one of the most competitive integrated steel plants with diversified products, a power to be reckoned with as a dominant leader in wire segment contributing substantially in meeting consumers needs, creating shareholders value and spearheading to be a leader in global wire segment market, pari passu with powering India’s growth to serve community and the nation in the decades to come.