Godawari Power & Ispat Limited informed that since the Company's Sponge Iron Plant reached capacity utilization level of 98.5% till date and the it is required to keep the overall production volumes within the environmental approval limit and therefore the Company required to shut down the Sponge Iron Plant with effect from 13th Feb, 2023. Consequent upon shut down of Sponge Iron Plant, the waste head recovery power plant, steel billets rolling mill and wire drawing plants are also required to be shut down, as the facilities are dependent for input from sponge iron division. In view of the above, the management has strategically decided to take this opportunity to shut down all the power plants (i.e. 42 MW Waste Heat Recovery Plant and 20 MW Captive Bio Mass Power & llMW Thermal Power Plants)Steel Melting Shop (SMS Plant), Rolling Mill at Siltara, Raipur, Chhattisgarh and undertake routine annual maintenance and periodical inspections with effect from 11 February, 2023. The shutdown is expected to be for a period of 4 to 5 weeks and the resumption of operations are expected to be resumed in the last week of March, 2023. During this shut down period, the company shall also make all necessary modifications in the Power Plant to replace the existing turbines with the proposed new efficient turbine. However, the Pellet Plant and Ferro Alloys Division shall continue to be operational during
this period.