Company History: Our Company was incorporated on September 21 1999 under the Companies Act 1956 and was issued a Certificate of Commencement of Business on November 15 1999. The Registration number assigned to us on incorporation is 10-13756 of 1999.MAJOR EVENTS
Year Key Events Milestones and Achievements
1999 Our Company was incorporated as Ispat Godawari Limited with an objective to set up facilities for manufacture of sponge iron Steel Billets and Captive Power as a backward integration facility for our Group's Steel Rolling facilities.
2001 Sponge Iron division of Our Company commenced commercial operations.
2003 The initial project of our Company with an installed capacity of 105 000 tonnes of Sponge iron 100 000 tonnes of Steel and 18 MW of Power Generation became fully operational from August 2003. Our Company became the flagship company of our group in terms of turnover and profitability. In January 2003 We received a prospecting license for Iron Ore mining for Boria Tibu mines in Chhattisgarh.
2004 We started implementation of first phase of expansion in capacities of Sponge iron Steel Billets and Captive Power generation and also setting up of new facilities for manufacture of Ferro Alloys and HB Wire.
2005 We acquired 51.46% equity capital of R R Ispat Ltd. making its presence right across the entire value chain from sponge iron to finished steel. Our Company issued bonus shares in 4:1 ratio Our Company declared maiden dividend of Rs. 1 per shares. Our Company in a consortium has been shortlisted for allotment of Coal mines in Chhattisgarh
2006
-Godawari Power fixes IPO price band at Rs 70-81.
2008
- Godawari Power & Ispat Ltd has informed that the Company has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh for setting-up of Cement Plant comprising of 2 million tons per annum capacity of Cement and 1 million ton per annum capacity of clinker along with Power Plant of 50 MW capacity. The total cost of the project is envisaged at Rs 628 crores.
