Godawari Power & Ispat Limited (GPIL) has announced a further investment in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL), amounting to ₹73.95 Crores. This investment aims to support GNEPL’s capital expenditure and working capital needs for setting up a Battery Energy Storage System Plant. The funds were used to acquire 73,950,000 preference shares. GNEPL is setting up a 20 GWh Battery Energy Storage System.
Investment in GNEPL
Godawari Power & Ispat Limited (GPIL) has invested an additional ₹73.95 Crores in Godawari New Energy Private Limited (GNEPL), a wholly-owned subsidiary. This decision, announced on December 17, 2025, aims to bolster GNEPL’s operational capabilities.
Details of Investment
The investment involves the acquisition of 7,39,50,000, 0.1% Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares (Preference Shares – Series 2) of Rs.10/- each at par. This investment was executed on a right basis to the GPIL on 16.12.2025.
Purpose of the Investment
The capital infusion is earmarked for covering the capex and working capital requirements of GNEPL, facilitating the establishment of a Battery Energy Storage System Plant. GNEPL, incorporated on June 25, 2025, is currently focused on setting up a 20 GWh Battery Energy Storage System Plant.
GNEPL’s Business Overview
GNEPL is operating in the energy sector, dedicated to the Battery Energy Storage System (BESS). The company is in the process of setting up a 20 GWh Battery Energy Storage System Plant in the State of Maharashtra. As of September 30, 2025, GNEPL’s net worth is Rs. 25.50 Crores.
Source: BSE
