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Godawari Power and Ispat Ltd. (GPIL) is a flagship Company of Raipur-based Hira Group of Industries, which is an integrated steel manufacture having dominant presence in the long products segment of the Steel industry, mainly into mild steel wire. Today, GPIL is an end-to-end manufacturer of mild steel wires.
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In the process, the company manufactures sponge iron, billets, ferro alloys, captive power, wires rods (through subsidiary company) and steel wires. GPIL is also awarded rights for Iron Ore and Coal Mining for captive consumption, as a result of which, the company has managed to traverse the entire value chain (raw material to final product) in steel wires and is now a fully integrated manufacturer. Today, GPIL is an end-to-end manufacturer of mild steel wires. In the process, the company manufactures sponge iron, billets, ferro alloys, power, wires rods through subsidiary company) and steel wires.
GPIL has come a long way since it started is operation in Raipur, Chhattisgarh as a sponge iron manufacturer in the year 2001. Over the last five years, the company has scaled up its capacity five fold and is today the third largest producer of coal based sponge iron in India and is one of the largest players in the mild steel wires segment. Not only has the company increased its scale during the aforesaid period, it has also moved up the value chain. The Company crossed Rs 500 crore mark in turnover and Rs 50 crore in net profits during the financial year 2006-07. |
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| FOCUS ON THE FLAGSHIP COMPANY |
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Name of the Division |
Initial Capacity |
1. |
Sponge Iron |
495,000 TPA |
2. |
Steel Billets |
400,000 TPA |
3. |
Steel Wires |
120,000 TPA |
| 4. |
Ferro Alloys |
16,500 TPA |
| 5. |
Power Generation |
53 MW |
| 6. |
Oxygen Gas |
1.1 million CUM Per annum |
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| Capacity Expansion through the Organic Route |
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Name of the Division |
Existing Capacity |
Post Expansion* |
% Increase |
| 1. |
Sponge Iron |
235,000 |
495,000 |
110.6% |
| 2. |
Steel Billets |
250,000 |
400,000 |
60.0% |
| 3. |
Ferro Alloys |
16,500 |
16,500 |
0.0% |
| 4. |
Wire Drawing |
60,000 |
120,000 |
100.0% |
| 5. |
Captive Power |
28 MW |
53 MW |
89.3% |
| Note : Capacities in tonnes per annum |
* to be fully commissioned by Sep '07 |
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| The company’s financials during the past 5 years were as follows: (Amt.: Rs. in lacs) |
S.N. |
PARTICULARS |
2002-03 |
2003-04 |
2004-05 |
2005-06 |
2006-07 |
1. |
Gross Sales |
6,793 |
12,288 |
19,187 |
27,075 |
50,995 |
2. |
Net Fixed Assets |
4,450 |
4,951 |
10,437 |
18,896 |
36,605 |
3. |
Net Worth |
2,997 |
4,321 |
6,416 |
9,752 |
20,510 |
4. |
Total Assets |
5,696 |
8,441 |
14,691 |
25,815 |
48,260 |
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| Our Executive Directors |
B. L. Agrawal
Managing Director |
An Electronic Engineer, he is a first generation entrepreneur. While his family concentrated on its traditional trading business, it was his entrepreneurial spirit that laid the foundation of GPIL and the entry of the Agrawal family into the metals business. |
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Dinesh Agrawal
Executive Director |
Associated with GPIL for over 9 years, he is an Electrical Engineer and has been associated with the company’s ferro alloys and steel rolling units in the past. He is currently overseeing the setting up of the captive power plant. |
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Dinesh Gandhi
Director (Finance) |
A Chartered Accountant and Company Secretary by qualification, he brings to the table his two decades of experience in the areas of accounts, finance, project planning and financing. |
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B.P.Singh
Whole-time Director |
With a career spanning 18 years, Mr. Singh with his vast experience supervises all the activities pertaining to accounting, central excise and general administration. He holds a post-graduate degree in Commerce and is a diploma holder in Personnel Management. |
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