Godawari Power & Ispat Limited (GPIL) has announced a further investment in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). GPIL received intimation on January 20, 2026, regarding the allotment of 75,600,000 Equity Shares at ₹10 each, totaling ₹75.60 Crores, on a rights basis. GNEPL is setting up a 20 GWh Battery Energy Storage System Plant in the first phase.
Investment in Renewable Energy Subsidiary
Godawari Power & Ispat Limited (GPIL) is expanding its investment in green energy with its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This move supports GNEPL’s initiative to establish a significant presence in the battery energy storage sector.
Details of the Investment
On January 20, 2026, GPIL received notification about the allotment of 75,600,000 equity shares of GNEPL. Each share is valued at ₹10, bringing the total investment to ₹75.60 Crores. The shares were issued to GPIL on a rights basis on January 19, 2026.
Godawari New Energy’s Expansion Plans
GNEPL is currently focused on setting up a 20 GWh Battery Energy Storage System Plant. The capital infusion from GPIL will be used for capex and to meet the working capital requirements for this project. This positions GNEPL to potentially become a key player in the rapidly growing energy storage market. GNEPL was newly incorporated on June 25, 2025, for this purpose.
Source: BSE
