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14 December 2010

GPIL receives approval for 50MW solar thermal power plant:: Angel Broking,

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GPIL receives approval for 50MW solar thermal power plant
Godawari Power and Ispat Ltd. (GPIL) has received an approval for setting up of the
50MW solar thermal power plant in Jaisalmer, Rajasthan. The project is under Jawaharlal
Nehru National Solar Mission (JNNSM), administered by NTPC Vidyut Vyapaar Nigam
(NVVN). The company is awaiting the detailed order from NVVN. We maintain Buy on the
stock with a Target price of `302.

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