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Godawari Power and Ispat Limited(GPIL) is part of the Hira group, which manufactures steel long products in central India. GPIL produces sponge iron, steel billets and captive power generation. GPIL's current sponge iron, steel billets and captive power capacity is 2,35,000 tonnes, 2,50,000 tonnes, and 28 MW, respectively. The company intends to set up another unit near its existing facility to manufacture 2,60,000 tonnes of sponge iron, 1,50,000 tonnes of steel billets, and generate 25MW of power through waste heat flugases. The expanded capacity is likely to be commissioned in the last quarter of FY2007. Along with a consortium of four other corporate bodies(including group companies), GPIL was allotted rights for captive coal mining in January 2006. In September 2005, the ministry of mines granted an iron-ore mining lease. Normally, a timeframe of 27 months is required for commencement of commercial exploration of captive coal and iron ore mines. The company has not allocated any funds for developing these mines.
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