Shares of Godawari Power and Ispat hit a new high of Rs 742.75, up 7 per cent on the BSE in the intra-day trade on Thursday, bouncing back 12 per cent from the day’s low of Rs 664. The stock surpassed its previous high of Rs 724 hit on Tuesday, March 23.
In the past 11 trading days, the stock of iron & steel/intermediates products company has zoomed 39 per cent after the company got approval for ‘consent to operate’ the enhanced capacity of iron ore pellet plant and consent to set up manufacturing facilities in other divisions.
On March 15, the Chhattisgarh Environment Conservation Board, Raipur had accorded its approval for ‘Consent to Operate’ enhanced capacity of iron ore pellet plant from 2.1 million to 2.4 million tons per annum (TPA) with immediate effect.
