Godawari Power and Ispat Limited (GPIL) has approved a further investment in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This investment is earmarked for the capex and working capital needed to establish a Battery Energy Storage System Plant with an initial capacity of 10 GWh. GPIL received intimation regarding the allotment of 12,49,50,000 preference shares aggregating to ₹124.95 Crores on November 18, 2025.
Investment Overview
Godawari Power and Ispat Limited (GPIL) is increasing its investment in Godawari New Energy Private Limited (GNEPL), a wholly-owned subsidiary. This move is intended to support the development of GNEPL’s Battery Energy Storage System (BESS) Plant. The initial capacity target for this plant is set at 10 GWh.
Details of the Investment
As of November 19, 2025, GPIL received notice concerning the allotment of 12,49,50,000 (Twelve Crore Fourty Nine Lakhs) 0.1% Non-cumulative, Optionally Convertible, Redeemable Preference Shares. These preference shares have a face value of ₹10 each, issued at par. The total investment aggregates to ₹124.95 Crores (Rupees One hundred and Twenty Four Crores and Ninety Five Lakhs only). The allotment on right basis was completed on November 18, 2025.
About Godawari New Energy Private Ltd (GNEPL)
GNEPL was newly incorporated on June 25, 2025, and is currently setting up a 10 GWh Battery Energy Storage System Plant. As of September 30, 2025, GNEPL’s net worth is ₹25.50 Crores.
Source: BSE