Investment19 Nov 2025, 06:02 pm
Godawari Power and Ispat Ltd. Invests Rs. 124.95 Crores in Wholly Owned Subsidiary for Battery Energy Storage System Plant
AI Summary
Godawari Power and Ispat Ltd. (GPIL) has approved further investment in its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL), for the purpose of capital expenditure (capex) and working capital requirements for setting up a Battery Energy Storage System Plant with an initial capacity of 10 GWh. GPIL has received an intimation for the allotment of 12,49,50,000 (Twelve Crore Fourty Nine Lakhs) 0.1% Non-cumulative, Optionally Convertible, Redeemable Preference Shares of Rs.10 each, amounting to Rs.124.95 Crores on a right basis on 18.11.2025. GNEPL is a newly incorporated company and is in the process of setting up the plant in the State of Maharashtra.
Key Highlights
- Godawari Power and Ispat Ltd. invests Rs. 124.95 Crores in its wholly owned subsidiary, Godawari New Energy Private Limited.
- The investment is for the purpose of capex and working capital requirements for a Battery Energy Storage System Plant with an initial capacity of 10 GWh.
- Godawari New Energy Private Limited is a newly incorporated company and is in the process of setting up the plant in the State of Maharashtra.
- The investment is a related party transaction as GNEPL is a wholly owned subsidiary of GPIL.
- The preference shares of Rs. 124.95 Crores have been allotted on 18.11.2025.