Godawari Power and Ispat Limited (GPIL) has announced the incorporation of its wholly-owned subsidiary, Godawari Energy Solutions Private Limited (GESPL), in Maharashtra. This move is in compliance with SEBI Listing Regulations and follows up on an earlier intimation. GESPL will focus on engineering, procurement, construction, and maintenance activities for various infrastructure projects, including renewable energy and Battery Energy Storage Systems.
Subsidiary Incorporation Announced
Godawari Power and Ispat Limited (GPIL) has officially incorporated a new wholly-owned subsidiary named Godawari Energy Solutions Private Limited (GESPL). This incorporation took place on October 17, 2026, and the new entity is registered in the State of Maharashtra.
Business Focus of New Subsidiary
GESPL is set to undertake a broad range of activities within the engineering and infrastructure sector. Its scope of work includes Engineering, Procurement, and Construction (EPC) services, as well as turnkey solutions. The subsidiary will be involved in the construction, erection, installation, testing, commissioning, operation, and maintenance of projects related to Battery Energy Storage Systems, renewable energy, power generation, and other allied infrastructure developments.
Regulatory Compliance
The incorporation process for GESPL has received the necessary approvals from the Registrar of Companies (ROC), Central Registration Centre (CRC), and the Ministry of Corporate Affairs (MCA). GPIL has subscribed to the Memorandum of Association of GESPL, with an initial contribution of ₹1,00,000, representing 10,000 equity shares of face value ₹10 each, fully paid up at par. This marks a 100% shareholding by Godawari Power and Ispat Limited in the newly formed subsidiary.
Source: BSE
