Godawari Power and Ispat Limited is an India-based integrated steel company. The Company operates through two segments: Steel and Electricity. The company was formerly known as Ispat Godawari Ltd. Godawari Power & Ispat Limited was incorporated in 1999 and is based in Raipur, India. Godawari Power & Ispat Limited was formerly incorporated with the name of 'Ispat Godawari Limited' on September 21, 1999. The name of the Company was changed from Ispat Godawari Limited to Godawari Power & Ispat Limited effective from June 20, 2005.
Godawari Power & Ispat is mainly engaged in the business of Mining of Iron Ore and Manufacturing of Iron Ore Pellets, Sponge Iron, Steel Billets, Wire Rods, H.B. Wire, and Ferro Alloys with generation of Electricity. It is having an integrated steel manufacturing unit with facilities ranging from captive iron ore mining to production of iron ore pellets, sponge iron, steel billets, rolled products, wires, ferro alloys, and captive power plant.
The company operates as a fully integrated steel manufacturer with comprehensive facilities spanning from raw material extraction to finished product manufacturing. The Company's plant is located in Rajpur District, Chhattisgarh, India. The Company's pellet plant in Orissa is located in Keonjhor district.
The company is a fully-integrated manufacturer of mild steel wires, sponge iron, billets, Ferroalloys, captive power, wires rods, steel wires, oxygen gas, fly ash brick, and iron ore pellets. The manufacturing capabilities include production of iron ore pellets, sponge iron, steel billets, MS rounds, wire rods, HB wires, and ferro alloys along with electricity generation.
The company has 2 captive mines - Ari Dongri Mine (2.35 million MTPA) & Boria Tibu Mine (0.7 million MTPA) with 165 MnT Reserves and 35+ years of mine life. GPIL sources 85% of its iron ore needs captively from its mines for the production of steel. Captive mining leads to huge raw material costs saving.
The Company has over 50 megawatt (MW) solar thermal power plant located in Jaisalmer district in Rajasthan. The company has made significant investments in renewable energy, with recent developments including solar power installations for cost optimization and sustainability initiatives.
Market Cap ₹12,224 Crore. The company is listed both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). On the NSE, Godawari Power & Ispat Ltd. is listed under the symbol GPIL. On the BSE, the company has been allotted the scrip number 532734.
Stock P/E 15.1 and ROCE 23.3 % ROE 17.3 % as per recent data. The Company is almost debt-free. The Company has a good return on equity (ROE) track record: 3 Years ROE 20.3%.
Godawari Power & Ispat Limited (GPIL) kicked off the financial year 2025 with an impressive performance in the first quarter. The company reported a year-on-year revenue increase of 12% to INR 1,342 Crore, driven mainly by higher production volumes, notably a 24% rise in iron ore pellet production. The EBITDA saw a significant rise of 33%, thanks to cost reductions and operational efficiencies.
For Q1 FY25:
- Revenue: ₹1,342 Crore (12% YoY growth)
- EBITDA growth: 33% YoY
- Net profit for Q4 FY25: ₹221.26 Crore in Q4 FY2024-2025 (note: there's a discrepancy in reporting period here, assuming this is an estimate/projection for a later quarter if Q1 is already out)
Strategic growth plans include expanding iron ore mining capacity from 2.35 to 6 million tonnes and increasing pellet capacity from 2.7 to 4.7 million tonnes by June 2026. Significant progress in CapEx plans, including doubling mining and pellet capacities and setting up an integrated steel plant, with 50% of construction activities already completed.
The company also focuses on sustainability, aiming for net-zero carbon by 2050, and has planned significant investments in solar power projects. The company has commissioned 165 MW of solar power plants, contributing to cost savings and plans to add an additional 70 MW.
PGCIL approves company's steel billets, enabling full galvanized steel structures supply, boosting business potential. Godawari Power and Ispat Limited has resumed mining operations at the Boria Tibu Iron Ore Mines, enhancing its capacity in iron ore production and steel manufacturing.
The chairman of the company is B L Agrawal, and the managing director is B L Agrawal. Company is stewarded by Mr. B.L. Agrawal a first-generation entrepreneur who possesses more than four decades of experience in the steel industry.
Promoter holding in Godawari Power & Ispat Ltd has gone up to 63.51% as of March 2025 from 63.26% as of June 2024. There is no promoter pledging in Godawari Power And Ispat Ltd.
The company's integrated business model provides significant competitive advantages through vertical integration from iron ore mining to finished steel products. The captive mining operations provide substantial cost savings and supply security, while the renewable energy investments contribute to operational efficiency and sustainability goals.
Part of Nifty 500, BSE SmallCap, BSE Allcap, BSE Industrials, Nifty MidSmallcap 400, Nifty Smallcap 250, Nifty 500 Multicap 50:25:25, Nifty Total Market, Nifty Smallcap250 Momentum Quality 100, Nifty Smallcap250 Quality 50, Nifty500 Equal Weight, Nifty500 LargeMidSmall Equal-Cap Weighted.
The company maintains a strong market position in the Indian steel industry with its integrated operations, sustainable business practices, and strategic expansion plans positioned to capitalize on India's growing steel demand and infrastructure development requirements.
