Tag: Iron Ore Pellet
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India: Godawari’s profit drops over 40% q-o-q on lower realisations
Central India’s leading steelmaker, Godawari Power and Ispat Limited (GPIL), recently announced its Q2FY’23 results. GPIL’s profit after tax (PAT) fell sharply by 48% q-o-q to INR 1,685 million in Q2FY’23 from INR 3,271 million in Q1FY’23. Performance highlights: Iron ore production in Q2 was at 0.62 million tonnes (mnt), a decrease of 18% q-o-q…