India's Godawari Power slips after suspending iron ore pellet plant operations

Godawari Power And Ispat

14/07/2026 08:22

** Shares of India's Godawari Power and Ispat GDPI.NS fall 2.3% to 250.45 rupees
** Set to snap three sessions of gains 
** GDPI temporarily suspends operations at its 2 million-tonne iron ore pellet plant in Chhattisgarh state
** Company cites curtailed gas supplies from GAIL GAIL.NS, higher gas prices and lower iron ore output during the monsoon as reasons for shutdown
** Suspension will lower pellet production and sales volumes, hurting Q2FY27 profitability, but sees no long-term impact, GDPI says
** Stock down 5.9% YTD 
     

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))