Subsidiaries

• Godawari Green Energy Limited
• Ardent Steel Limited
• Godawari Energy Limited

Associates

• Hira Ferro Alloys Limited
• Jagdama Power & Alloys Limited

Joint Ventures

• Raipur Infrastructure Company Ltd.
• Chhattisgarh Captive Coal Mining Ltd.
• Chhattisgarh Ispat Bhumi Ltd.