Fundamental Analysis: Godawari Power #Bullish for Long Term

Godawari 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.