Godawari Power & Ispat conducted their conference call today at 12 noon
"Co. is targeting to be debt free company soon"
Here are the key takeaways π
"Co. is targeting to be debt free company soon"
Here are the key takeaways π
Business Updates:
β’ In- plant power generation capacity of 73 MW
β’ Thermal Power is yielding 12%, hence co. is expanding in Solar Pvr
β’ Utilization level- 92-95%
β’ Iron Ore availability is expected to consistent from this year
β’ MOU signed with Chattigarh for future project
β’ In- plant power generation capacity of 73 MW
β’ Thermal Power is yielding 12%, hence co. is expanding in Solar Pvr
β’ Utilization level- 92-95%
β’ Iron Ore availability is expected to consistent from this year
β’ MOU signed with Chattigarh for future project
Solar PV Power:
β’ Setting up a 250 MW captive Solar PV power plant to replace existing thermal capacity.
β’ Project will commissioned in Q3 Fy 2023.
β’ Project Dynamics of project mentioned in image
β’ Expected returns is 24%, hence now Godawari is investing heavily.
β’ Setting up a 250 MW captive Solar PV power plant to replace existing thermal capacity.
β’ Project will commissioned in Q3 Fy 2023.
β’ Project Dynamics of project mentioned in image
β’ Expected returns is 24%, hence now Godawari is investing heavily.
Mining Benefit:
β’ Last year Godawari has purchased 20% of requirement at 5,000 per tonne.
β’ This year co. is first planning to consume the inventory.
β’ Co. has increased captive mining for lowering cost. Once co. receive the approval, capacity would be increased.
β’ Last year Godawari has purchased 20% of requirement at 5,000 per tonne.
β’ This year co. is first planning to consume the inventory.
β’ Co. has increased captive mining for lowering cost. Once co. receive the approval, capacity would be increased.
Pellet:
β’ MOU with chattisgarh withe expansion of green field.
β’ Most of captive power would be green power only.
β’ Will expanding the facility once the company feels need.
β’ Current realization is around 15K.
β’ Capacity Utilization mentioned in image.
β’ MOU with chattisgarh withe expansion of green field.
β’ Most of captive power would be green power only.
β’ Will expanding the facility once the company feels need.
β’ Current realization is around 15K.
β’ Capacity Utilization mentioned in image.
Raw Material:
β’ Godawari would be sourcing import : domestic at ratio of 75:25
Acquisition:
β’ Acquisition was cancelled and the Godawari has used that to pay the debt.
Forex:
β’ All export and import co. is hedged partially and no much big threat.
β’ Godawari would be sourcing import : domestic at ratio of 75:25
Acquisition:
β’ Acquisition was cancelled and the Godawari has used that to pay the debt.
Forex:
β’ All export and import co. is hedged partially and no much big threat.
Geographic market:
β’ Godawari market in China is going good. There were price rise, which now cooled down.
β’ Major sales in China, Malaysia, Indonesia
Finish side- Philipines, Africa, Indonesia
β’ Logistics concern as of now is not there.
β’ Co. has order book till mid of July.
β’ Godawari market in China is going good. There were price rise, which now cooled down.
β’ Major sales in China, Malaysia, Indonesia
Finish side- Philipines, Africa, Indonesia
β’ Logistics concern as of now is not there.
β’ Co. has order book till mid of July.
Price Realization:
β’ China has targeted speculation in futures market of commodity, and price is cooled as of now
β’ China has withdrawn 13% tax benefit from export, to reduce export sales.
β’ China has been importing steel heavily.
β’ Price of steel has only come down in china.
β’ China has targeted speculation in futures market of commodity, and price is cooled as of now
β’ China has withdrawn 13% tax benefit from export, to reduce export sales.
β’ China has been importing steel heavily.
β’ Price of steel has only come down in china.
β’ Steel exports of China is difficult to supply by other countries, as India too don't have such capacity.
β’ Mgmt don't expect much scope of more higher prices in commodity, however there wont be even dip of more than 5%.
β’ Mgmt don't expect much scope of more higher prices in commodity, however there wont be even dip of more than 5%.
Competitive:
β’ Tata Steel is in small producct, while Godawari is in long product, and the realization is around 15K.
β’ Godawari has maximize the sales of high grade pallet.
Loan:
β’ Rate of Interest in 8%.
β’ Tata Steel is in small producct, while Godawari is in long product, and the realization is around 15K.
β’ Godawari has maximize the sales of high grade pallet.
Loan:
β’ Rate of Interest in 8%.
Group Structure:
β’ Merger of Jagdamba and GPIL is delayed.
β’ Stake has been reduced from 76% to 38%.
β’ Merger of Jagdamba and GPIL is delayed.
β’ Stake has been reduced from 76% to 38%.
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