Investment5 Aug 2025, 06:24 pm
Godawari Power and Ispat to Acquire Equity Stake in Subsidiary Godawari New Energy for Battery Energy Storage System Plant
AI Summary
Godawari Power and Ispat Ltd (GPIL) will acquire 100% equity shares of Godawari New Energy Pvt Ltd (GNEPL) for setting up a Battery Energy Storage System Plant. The investment is a related party transaction, with GPIL investing Rs. 25.49 Crores for the proposed capex and working capital requirements of GNEPL. GNEPL, a newly incorporated company, will have its operation in Maharashtra. The acquisition is expected to be completed by March, 2027.
Key Highlights
- Godawari Power and Ispat Ltd to acquire 100% equity shares of Godawari New Energy Pvt Ltd
- Investment of Rs. 25.49 Crores for setting up Battery Energy Storage System Plant
- Related party transaction
- GNEPL to be set up in Maharashtra
- Expected completion by March, 2027