Business Update1 Apr 2025, 09:29 pm
Godawari Power and Ispat Suspends Mining Operations at Boria Tibu Mines Due to Expired Approval
AI Summary
Godawari Power and Ispat Ltd. has temporarily suspended mining activities at its Boria Tibu Iron Ore mines in Rajnandgaon, Chhattisgarh, due to the expiry of mining plan approval on 31st March 2025. The company has already applied for renewal, which is expected to be granted within 10 days. The annual rated capacity of the mines is 7,05,000 TPA. However, the financial impact on the company is negligible as the contribution from the mine to the company's profitability has been minimal due to high operational costs.
Key Highlights
- Mining operations at Boria Tibu Mines have been temporarily suspended
- Suspension is due to the expiry of mining plan approval
- Company has applied for renewal of mining plan
- Renewal approval is expected within 10 days
- Mining operations to resume after receipt of renewal approval