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Godawari Power & Ispat Temporarily Suspends Iron Ore Pellet Production

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Godawari Power & Ispat (NSE:GPIL, BOM:532734) temporarily suspended operations at 2.0 million ton Iron Ore Pellet Plant in Raipur, Chhattisgarh, effective Tuesday, according to a same-day Indian bourse filing.

The suspension comes about amid the curtailment of contracted gas supplies by GAIL, with upstream suppliers declaring a continuing force majeure situation.

Another reason was the lower production of iron ore from the Ari Dongri Mines due to rains, making the production of pellets economically infeasible.

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