Godawari Power Approves Capex, Investment in Subsidiaries
Godawari Power and Ispat Ltd announced the outcome of its Board Meeting held on November 13, 2026. The board approved Un-Audited Financial Results for the Quarter and Half Year ended September 30, 2026. Key approvals include a Capex of Rs. 135 Crores for a 3 GWh BESS project in Godawari New Energy Pvt Ltd (GNEPL), with funding through an additional investment of Rs. 135 Crores. The company also approved further investment of Rs. 110 Crores in GNEPL for a new C&I Energy Storage business. Additionally, the board approved a Capex of Rs. 1100 Crores for a Cold Rolling Mill project in Maharashtra, Rs. 100 Crores for a Container Manufacturing Line, and Rs. 100 Crores for EV Dumpers. GNEPL will raise debt of Rs. 2795 Crores for its BESS project, with GPIL providing a corporate guarantee. Further investment of Rs. 20 Crores was approved for Godawari Energy Solutions Private Limited (GESPL), and a strategic investment of Rs. 26 Crores for a 26% stake in Solarcraft Power India 32 Private Limited.
Key Highlights
- Board approved financial results for Q2 FY27 and H1 FY27.
- Approved Rs. 135 Cr Capex for 3 GWh BESS project in subsidiary.
- Approved Rs. 110 Cr investment in subsidiary for C&I Energy Storage.
- Revised CRM project cost to Rs. 1100 Cr and approved container manufacturing line.
- Approved Rs. 2795 Cr debt raising by subsidiary GNEPL.
Price Impact
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