New Delhi, March 24 -- Godawari Power and lspat share price jumped over 5% on Tuesday amid strong buying, following a sharp recovery in the broader Indian stock market. Godawari Power shares rallied as much as 5.20% to Rs.264.85 apiece on the BSE.

The gains in Godawari Power share price comes amid a stellar rally in the Indian stock market today as the benchmarks Sensex and Nifty 50 surged over 2% each. The Nifty Smallcap 100 and the Nifty Midcap 100 indices were also up more than 2% each.

The Board of Directors of Godawari Power and Ispat, at its meeting held today, approved a proposal to set up an integrated steel plant with a capacity of 1 million tonnes per annum (MTPA) of iron and steel finished products.

The proposed facility wil...