Godowari Power & Ispat Limited said that their Sponge Iron Plant had reached a capacity utilization level of 98.5% till date and therefore the Company required to shut down the Sponge Iron Plant with effect from 13th Feb, 2023.
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.
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 will also shut down w.e.f. llth February, 2023.
Operations are projected to resume in the last week of March, 2023.