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Godawari Power and Ispat Ltd

ä Strong realisations continue to bolster topline by 86.1% yoy
ä Rising raw material costs lead to a 520bps yoy drop in OPM
ä GPIL plans to sell higher amount of sponge iron than billets in the next two
quarters
ä Iron ore mining expected to start in Q3 FY09, earlier than expected
ä The company announces a buyback at a price not exceeding Rs135 per share