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Godawari Power Commissions 25 MWp Captive Solar Power Plant in Chhattisgarh, India; Shares Up 4%

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Godawari Power & Ispat (NSE:GPIL, BOM:532734) commissioned its 25 MWp captive solar power plant of the company in Chawardhal in the Rajnandgaon district of Chhattisgarh, India, according to a Tuesday filing to the Indian stock exchanges.

The company's shares were up nearly 4% in Wednesday's trade.

The power generated at the above new solar power plant will be captively consumed at the company's Ari Dongri iron ore mines and Boria Tibu iron ore mines for mining activities.

This will help the company replace the high-cost power being purchased from the state power distribution company, it said.

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