New Delhi, March 2 Godawari Power and Ispat announced on Monday that the company has expanded its sponge iron capacity to 6.5 lakh tonnes, from 5.94 lakh tonnes previously.
The increased capacity has been operational from February 28, after receiving approval from the Chhattisgarh Environment Conservation Board, the company said in a statement.
The enhanced annual capacity of the sponge iron division (6.5 lakh tonnes) and the hard bright wire division (1.15 lakh tonnes) is located in Raipur, Chhattisgarh, Godawari Power and Ispat Ltd said.
The company did not disclose any financial details of this capacity expansion.
Sponge iron, also known as direct reduced iron (DRI), is a critical raw material used to produce steel through Electric Arc Furnaces (EAF) and Induction Furnaces (IF), replacing scrap.
Hard bright (HB) wire is a steel wire used as a raw material in manufacturing nails, wire mesh, fasteners (bolts/screws), and for construction binding.