Godawari Power & Ispat Ltd has informed BSE that the Company has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh for setting-up of Cement Plant comprising of 2 million tons per annum capacity of Cement and 1 million ton per annum capacity of clinker along with Power Plant of 50 MW capacity. The total cost of the project is envisaged at Rs 628 crores.

The above project shall be implemented through a Special Purpose Vehicle (SPV) to be incorporated in due course after allotment of limestone mines by the State Government.