Godawari Power Invests ₹100 Cr in Wholly Owned Subsidiary

Godawari Power and Ispat Ltd (GPIL) has further invested ₹100 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This investment, made on a rights basis, increases GPIL's total stake in GNEPL to ₹450 Crores, representing 100% of the paid-up capital. The funds will be utilized by GNEPL for capital expenditure and working capital requirements to set up a 20 Gwh Battery Energy Storage System (BESS) Plant in its first phase. GNEPL was incorporated in June 2025 and is in the process of establishing the BESS project, with registered office in Raipur and operations planned in Maharashtra.