Godawari Power and Ispat Limited is engaged in the business of manufacturing and trading of iron ore pellets, sponge iron, steel billets, hard bright (HB) wires and generation of power. The company’s main business segments include steel and electricity. It is also an end-to-end manufacturer of mild steel wires, ferroalloys, captive power, wires rods, steel wires, oxygen gas, and fly ash brick. The geographic business operations segments of the company include both domestic and international markets. It offers ferroalloys which include silico manganese. Through its subsidiaries, the company has been operating a ferroalloys manufacturing plant with capacity of nearly 52,200 metric tons (MT) and also captive thermal power generation of 20 MW. In addition, it has an 8 MW biomass power plant with over 50 MW solar thermal power plant in Rajasthan. The company also has a 0.6 million ton pellet capacity plant in Orissa.
Industry Overview
By the end of 2020, India’s labour force is expected to reach 160-170 million based on the current rate of population growth and increased labour force participation. Looking at the global steel sector scenario, from January-October 2019, world crude steel production reached around 1,541.77 million tons and has shown a growth of 3.2 per cent over the same period of the previous calendar year. China continued to remain the world’s largest crude steel producer during the same period (829.21 million tons) followed by India (93.31 million tons), Japan (83.79 million tons) and the US (74.07 million tons). As for the sector’s performance domestically, the Indian steel industry entered into a new development stage post-de-regulation on the basis of resurgent economy and rising demand for steel.
This story is from the January 20, 2020 - February 02, 2020 edition of Dalal Street Investment Journal.
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This story is from the January 20, 2020 - February 02, 2020 edition of Dalal Street Investment Journal.
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