Godawari Power and Ispat Limited (GPIL) has announced an investment of ₹50 crore in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This funding, provided through the allotment of preference shares on a rights basis, is earmarked for capital expenditure and working capital requirements to establish a Battery Energy Storage System (BESS) plant. GNEPL was incorporated on June 25, 2025.
GPIL Invests in Battery Energy Storage Project
Godawari Power and Ispat Limited (GPIL) has informed stock exchanges about a significant investment made in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This investment, totaling ₹50 crore, is intended to support the establishment of a Battery Energy Storage System (BESS) plant. The funds will be utilized for capital expenditure and working capital needs related to this new venture.
Details of the Investment
The investment was materialized through the allotment of 5,00,00,000 (Five Crore) 0.1% Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares of ₹10/- each at par to GPIL. These shares, designated as Preference Shares-Series 2, were issued on a rights basis on November 12, 2026. The total value of this allotment aggregates to ₹50.00 Crores (Rupees Fifty Crores only).
About GNEPL
Godawari New Energy Private Limited (GNEPL) was incorporated on June 25, 2025, and has not yet commenced business operations. The company is in the process of setting up a BESS Project. Its registered office is located in Raipur, Chhattisgarh, with operations planned at AURIC, Chhatrapati Sambhajinagar, Maharashtra. As of September 30, 2026, GNEPL had a net worth of ₹598 Crores and reported Nil turnover.
Strategic Rationale
The investment in GNEPL underscores GPIL’s strategic focus on renewable energy and infrastructure development, particularly in the burgeoning field of battery energy storage solutions. This initiative aligns with the company’s broader objectives to expand its footprint in sustainable energy technologies and contribute to the energy transition.
Source: BSE
