GODAWARI POWER & ISPAT LTD. - 532734 - Environment Clearance From Government Of India, MOEF & Climate Change For Enhancement Of Iron Ore Production From 1.405 MTPA To 2.35 MTPA For Iron Ore Mining In Ari Dongri, And For Setting Up Of Beneficiation Plant Of 0.6 MTPA Capacity.
Pursuant to 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we wish to inform you that the Government of India, Ministry of Environment & Forests & Climate Change, Impact Assessment Division has accorded its environment clearance vide its letter dated 23.06.2021 for enhancement of Iron Ore Production Capacity from 1.405 MTPA to 2.35 MTPA in Ari Dongri Iron Ore Mines situated at Village Kachche, Dist: Baster, Kanker, Chhattisgarh and for setting up of Beneficiation Plant of 0.6 MTPA capacity. We expect the production of the enhanced iron ore mining capacity shall be started in next 2-3 months. Post commencement of commercial operation of enhanced mining capacity and ramping up of the production, the 100% iron ore requirement of the Company, shall be met from captive mines, which lead to substantial cost saving, as approx. 20% of our exiting requirement in met from outside purchases, cost of which is very high and as compared to market prices.23-06-2021
