SteelMint

Tag: Godawari pellet production

  • India: Godawari’s profit drops 24% q-o-q on lower realisations

    India: Godawari’s profit drops 24% q-o-q on lower realisations

    —

    by

    Vaibhav Dubey
    in

    Central India’s leading steelmaker, Godawari Power and Ispat Limited (GPIL), recently announced its Q3FY’23 results. GPIL’s consolidated profit after tax (PAT) fell by 24% q-o-q to INR 1,280 million in Q3FY’23 from INR 1,686 million in Q2FY’23, mainly on account of a fall in sponge and billets realisation. Performance highlights: Iron ore production in Q3…