Godawari Power & Ispat Limited will set-up the Chhattisgarh steel plant with an estimated investment of 7,000 INR-Crore. The company’s board cleared the project on Tuesday, March 24. The integrated steel plant will be developed at Sarora in Raipur district, Chhattisgarh.
The proposed facility will have a production capacity of 1 Million Tonnes Per Annum (MTPA). It will manufacture structural steel and wire rods to cater to growing domestic demand. The funding will be funded through a mix of debt and internal accruals. Additionally, the project is will be completed within yearly about .
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Once operational, the Godawari Chhattisgarh steel plant will enhance the company’s production capacity and strengthen its presence in the steel sector. It will also support industrial growth and infrastructure demand in the region.
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