India's Godawari Power and Ispat hits record high on environmental nod for expansion projects

Godawari Power And Ispat

15/03/2021 08:21

** Shares of iron ore pellets and sponge iron maker  GDPI.NS 
rise as much as 12.7% to record high of 632.95 rupees
    ** Co says it got approval from Chhattisgarh Environment
Conservation Board to increase capacity at its iron ore pellet
plant to 2.4 mln tonnes per annum (mtpa) from 2.1 mtpa
 urn:newsml:reuters.com:*:nFWN2LC066
    ** Adds it also got environmental clearance for proposed
expansion of some of its units in Raipur, Chhattisgarh 
    ** About 484,650 shares change hands, 2.6x 30-day avg
    ** Shares of GDPI, which also makes mild steel wires and
ferro alloys, had gained 18.3% so far this year, as of last
close
    ** GDPI shares rose 104.7% in 2020

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))