The company plans to increase the mine’s capacity from 2.35 MTPA to 6 MTPA. It also aims to expand the lease area from 138.96 hectares to 213.01 hectares.

This expansion, if approved, could significantly boost GPIL's iron ore production capabilities.

Godawari Power & Ispat is involved in captive iron ore mining and the production of iron ore pellets, sponge iron, steel billets, wire rods, HB wires, ferro alloys, and galvanized steel structures. The company also generates both conventional and non-conventional power for its own consumption.

The company's consolidated net profit fell 24.6% to Rs 215.96 crore in Q1 FY26 as against Rs 286.51 crore posted in Q1 FY25. Revenue from operations declined 1.4% YoY to Rs 1,323.25 crore in the quarter ended 30 June 2025.