| Steel Segment | Manufacture of sponge iron, steel billets, ferro alloys, wire rods, and value-added long steel products. | Unique captive iron ore mines, integrated operations, cost efficiency, premium pellet pricing, and sustainable power generation. | Primarily B2B serving infrastructure, construction, power, and railway projects. | Premium iron ore pellets, galvanized steel products, and value-added structural steel. | 5359 | 99 | Sale of steel products and ferro alloys to industries and infrastructure sectors; merchant and captive power sales. | Market-linked pricing; direct sales; volume-based contracts with key customers. | Capacity addition in iron ore mining and pellet production, infrastructure expansion, and product mix diversification. | Godawari Steel Billets, Iron Ore Pellets, H.B. Wire |
| Electricity Segment | Generation of captive and merchant power via thermal, solar, biomass, and waste heat recovery plants. | Integrated power supply for steel operations with increasing renewable share and cost advantages. | Internal steel plants and short-term sale in power market (B2B and B2G). | Renewable solar and biomass power generation with low fuel costs. | 40 | 1 | Merchant power sales and captive power consumption cost savings. | Tariff-based, merchant market sales, power purchase agreements. | Expansion of solar power plants to reduce cost and support green steel production. | Godawari Captive Power, Solar Power Plants |
