Fundamental Analysis: Godawari Power #Bullish for Long TermGodawari Power has been in momentum after breakout from multi-year resistance.
Q1 FY25 Highlights:
Achievement out of FY25 Revenue guidance till Q1:
Iron Ore Mining: achieved 20% of FY25 guidance in Q1
Iron Ore Pellets: 27%
Sponge Iron: 26%
Steel Billet: 23%
Ferro Alloys: 30%
Rollet Products: 21%
Iron ore mining:
Capacity expansion plan from 2.5 mn tonnes to 6 mn tonnes in cards.
Approval of the same expected by Dec'24.
Pellet:
expansion plan from 2.7 mn tonnes to 4.7 mn tonnes.
123 crore out of 600 crore capex plan spent so far.
completion of expansion expected by Q1 FY26.
Steel Plant:
Expansion plan from 0.5 mn tonnes to 2.5 mn tonnes with capex of 6000 crores to be completed by 36 months.
Solar Power:
Expansion from 145 MW to 235 MW with a project cost of 330 Crores in cards.Out of which 20 MW is completed;land acquisition for another 70 MW is going on.Project to be completed by Q1FY26.
