Raipur based steelmaker Godawari Power & Ispat has informed that since the company’s Sponge Iron Plant has reached capacity utilization level of 98.5% till date and it is required to keep the overall production volumes within the environmental approval limit and therefore the Company required shutting down the Sponge Iron Plantwith effect from 13 February 2023. Consequent upon shut down of Sponge Iron Plant, the waste head recovery power plant, steel billets rolling mill and wire drawing plants are also required to be shut down, as the facilities are dependent for input from sponge iron division. GPIL said “Proposed shut down will lead to loss of production and sales of sponge iron, steel billets, rolled products etc,, and therefore, shall impact the profitability of the Company negatively.However overall profitability in Q4 of 2022-23 is expected to be higher than Q3 of 2022-23 in view of increase in realisation.In view of the above, Godawari Power & Ispat has strategically decided to take this opportunity to shut down all the power plants including 42 MW Waste Heat Recovery Plant and 20 MW Captive Bio Mass Power & 11MW Thermal Power Plants, Steel Melting Shop, Rolling Mill at Siltara in Raipur in Chhattisgarh and undertake routine annual maintenance and periodical inspections from 11 February 2023.Thc shutdown is expected to be for a period of 4 to 5 weeks and the resumption of operations are expected to be resumed in the last week of March 2023. During this shut down period, the company shall also make all necessary modifications in the Power Plant to replace the existing turbines with the proposed new efficient turbine.However, the Pellet Plant and Ferro Alloys Division shall continue to be operational during this period.
Raipur based steelmaker Godawari Power & Ispat has informed that since the company’s Sponge Iron Plant has reached capacity utilization level of 98.5% till date and it is required to keep the overall production volumes within the environmental approval limit and therefore the Company required shutting down the Sponge Iron Plantwith effect from 13 February 2023. Consequent upon shut down of Sponge Iron Plant, the waste head recovery power plant, steel billets rolling mill and wire drawing plants are also required to be shut down, as the facilities are dependent for input from sponge iron division. GPIL said “Proposed shut down will lead to loss of production and sales of sponge iron, steel billets, rolled products etc,, and therefore, shall impact the profitability of the Company negatively.However overall profitability in Q4 of 2022-23 is expected to be higher than Q3 of 2022-23 in view of increase in realisation.In view of the above, Godawari Power & Ispat has strategically decided to take this opportunity to shut down all the power plants including 42 MW Waste Heat Recovery Plant and 20 MW Captive Bio Mass Power & 11MW Thermal Power Plants, Steel Melting Shop, Rolling Mill at Siltara in Raipur in Chhattisgarh and undertake routine annual maintenance and periodical inspections from 11 February 2023.Thc shutdown is expected to be for a period of 4 to 5 weeks and the resumption of operations are expected to be resumed in the last week of March 2023. During this shut down period, the company shall also make all necessary modifications in the Power Plant to replace the existing turbines with the proposed new efficient turbine.However, the Pellet Plant and Ferro Alloys Division shall continue to be operational during this period.
