Godawari Power and Ispat Limited (GPIL) has entered a Memorandum of Understanding (MoU) with the state government of Chhattisgarh for setting up steel facilities in Raipur and Bastar regions, a recent press release said.
The estimated projects costs is Rs14bn for Raipur region and Rs9bn for Bastar region.
These projects will be implemented in a phased manner mainly out of internal accruals. The investments will be spread over four to five years after obtaining all regulatory approvals, the company said.
The company, based in Central India, further mentioned that Chhattisgarh government will facilitate the company in procuring land, water allocation, coal linkages, and expeditious grant of approvals. It will also recommend to the Central government’s Ministry of Steel, Power, Environment and Forests to also provide incentives available to the mega/very large industrial projects as per the industrial policy.
The capacities (per annum) of upcoming facilities in Raipur and Bastar region of Chhattisgarh are as follows:
| Sr. No | Facilities | Raipur | Bastar |
| 1 | Sponge Iron | 1mn mt | 1mn mt |
| 2 | Steel Melting Shops with CCM | 1mn mt | |
| 3 | Land refining Furnace (RLF/VOD/VD) | 1mn mt | |
| 4 | Steel | 1mn mt | |
| 5 | Ferro Alloys/ Pig Iron | 250,000/500,000 | |
| 6 | Rolling Mill | 1mn mt | |
| 7 | Coal Gassifier/PCI | 100,000 NM3/ hour | 0 |
| 8 | Power | 150MW (coal based 70 & WHRB 80 | 100MW (coal based 20 & WHRB 80 |
| 9 | Oxygen plant | 20,000 NM3/hour | 0 |