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Godawari Power soars on regulatory nod for capacity expansion


Godawari Power & Ispat jumped 5.91% to Rs 595 after the company said it received environmental clearance to operate the enhanced capacity of iron ore pellet plant and set up manufacturing facilities in other divisions.
Chhattisgarh Environment Conservation Board, Raipur has accorded its approval for Consent to Operate enhanced capacity of iron ore pellet plant from 21,00,000 to 24,00,000 tons per annum with immediate effect.
The Board has also accorded its approval for expanding and modernizing the company s existing manufacturing facilities located at Siltara industrial Area, Raipur. Subsequently, the capacity of company s steel billets plant will be increased to 7,00,000 MTA per annum (from current 4,00,000 MTA per annum) and that of the the H.B. wire plant will be increased to 2,00,000 MTA per annum (from present 1,00,000 MTA per annum) ....

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Godawari Power & Ispat receives Chhattisgarh Environment Conservation Board approvals


For operation of new enhanced capacity of iron ore pellet plant and other proposed expansionGodawari Power & Ispat announced that the Chhattisgarh Environment Conservation Board, Raipur has accorded its approval for Consent to Operate enhanced capacity of Iron Ore Pellet Plant from 21,00,000 to 24,00,000 Tons Per Annum with immediate effect.
Further, the Chhattisgarh Environment Conservation Board, Raipur has also accorded its Permission to Establish the proposed expansion and modernization of existing manufacturing facilities (steel billets, H B wires and iron ore beneficiation plant) along with integration of existing environmental clearances at exiting plant location.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

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Hoa Phat Group's steel output surpasses 5 million tonnes for first time | Business


Of the total output, construction steel reached 3.4 million
tonnes, up 22.5 percent year-on-year, while steel billets hit 1.7 million
tonnes, and hot rolled coil (HRC) was nearly 700,000 tonnes.
With these figures, Hoa Phat maintained its top position in
Vietnam, accounting for 33 percent of the market share, up 6.8 percent
year-on-year.
With an output of 784,000 tonnes for the whole year, the
southern region recorded a remarkable growth of 70 percent compared to that of
the previous year. Meanwhile, the northern region contributed the largest
share, with 48 percent of the total finished products sold by Hoa Phat.
Last year, Hoa Phat exported nearly 540,000 tonnes of finished products, ....

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