Tag: Godawari Ispat

India: Godawari Power to sell 42% stake in Ardent pellet plant on iron ore insecurities

Nov 6, 2020

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by

Indranath Jha

in Pellets

Chhattisgarh-based steel producer Godawari Power & Ispat (GPIL) has decided in favour of a strategic stake sale in subsidiary Ardent Steel Limited which has pellet manufacturing capacity of 0.6 mn t per annum. GPIL, a Hira Group company, had decided to sell 42% stake in Ardent Steel to Transtek Coal & Minerals Pvt. Ltd. for…