This is ideally the fundamental trigger ex the High/Low PE for GPIL
Godawari Power and Ispat Ltd (GPIL) has launched a new grade of pellets comprising iron (min 66%), alumina (max 1.1%), silica (max 3.25%), phosphorous (0.02-0.025%), and sulphur (max 0.01%) at a price of INR 11,200/t exw-Raipur. Currently, the company is holding back sales of Fe63% pellets while other players are offering at INR 8,900-9,200/t exw. GPIL’s pellet production stood at 2.62 mnt in FY23, up 9% y-o-y.
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