Investment20 Jan 2026, 03:09 pm
Godawari Power and Ispat Ltd Further Invests Rs. 75.60 Crores in Godawari New Energy Pvt. Ltd
AI Summary
Godawari Power and Ispat Ltd (GPIL) has made a further investment of Rs. 75.60 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). The investment is for the capex and working capital requirements of GNEPL for setting up a 20 GWh Battery Energy Storage System Plant in the first phase. GNEPL has allotted 7,56,00,000 Equity Shares of Rs.10/- each at par to GPIL on a rights basis. This investment is a related party transaction as GNEPL is a wholly owned subsidiary of GPIL. The funds will be utilized by GNEPL to meet the proposed capex and working capital requirements of the Battery Energy Storage System Plant.
Key Highlights
- Godawari Power and Ispat Ltd has invested Rs. 75.60 Crores in Godawari New Energy Private Limited
- The investment is for the capex and working capital requirements of GNEPL for setting up a 20 GWh Battery Energy Storage System Plant
- GNEPL has allotted 7,56,00,000 Equity Shares of Rs.10/- each at par to GPIL on a rights basis
- The investment is a related party transaction as GNEPL is a wholly owned subsidiary of GPIL
- The funds will be utilized by GNEPL to meet the proposed capex and working capital requirements of the Battery Energy Storage System Plant