Team News Riveting
Raipur, October 16
Chhattisgarh-based Godawari Power and Ispat Limited (GPIL), a flagship arm of Hira Group, has restructured its board of directors following resignation of Chairman.
Biswajit Choudhuri, Chairman of the Board and Independent Director of the company has submitted his resignation letter dated October 14, 2021 from the Directorship and Chairmanship of the Board and Chairmanship/Membership from various Committees in which he was Chairman or Member due to some personal reasons.
“The Board accepted his resignation with effect from the time of conclusion of the meeting of the Board held today (October 16, 2021) and placed on record its deep sense of appreciation for the services rendered and guidance given by Shri Biswajit Choudhuri during his tenure as Director & Chairman of the Board and Chairman /member of various Committees of the Board,” GPIL said in a regulatory filing.
Consequent upon resignation of Biswajit Choudhuri from the Directorship and Chairman of the Board, Shashi Kumar, Independent Director of the Company has been appointed as Chairman of the Board with immediate effect.
The company has a dominant presence in the long product segment of the Steel industry mainly into mild steel wire. It is expanding its footprint in the mining sector and plans to enhance the capacity of Kachche Ari Dongri mine from 1.405 million tonne per annum (MTPA) to 2.35 MTPA within the existing mining lease area of 138.96 hectares.
