Godawari Power approves Capex, Investment in subsidiaries

Godawari Power and Ispat Ltd (GPIL) announced significant strategic decisions following its Board Meeting on November 13, 2026. The company approved unaudited financial results for the quarter and half-year ended September 30, 2026. Key approvals include a Capex of ₹135 Crores for a 3 GWh BESS project in Godawari New Energy Pvt Ltd (GNEPL), with commissioning expected by March 2028. GPIL will invest an additional ₹110 Crores in GNEPL for a new C&I Energy Storage business, bringing the total investment to ₹810 Crores. The location of the Cold Rolling Mill (CRM) Project has been shifted to Sambhaji Nagar, Maharashtra, with a revised cost of ₹1100 Crores. Additionally, a Capex of ₹100 Crores for a Container Manufacturing Line and ₹100 Crores for EV Dumpers were approved. GNEPL will raise ₹2795 Crores in debt, with GPIL providing a corporate guarantee. Further, GPIL approved an investment of ₹20 Crores in Godawari Energy Solutions Private Limited (GESPL) for EPC business and a strategic investment of ₹26 Crores for a 26% stake in Solarcraft Power India 32 Private Limited.