Investment4 Jul 2026, 04:10 pm
Godawari Power Invests ₹150 Cr in Subsidiary Godawari New Energy
AI Summary
Godawari Power and Ispat Ltd (GPIL) has further invested ₹150 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This investment, made on a rights basis, increases GPIL's total holding in GNEPL to ₹600 Crores. 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 setting up the BESS project, with registered office in Raipur and operations planned in Maharashtra.
Key Highlights
- GPIL invested an additional ₹150 Cr in subsidiary GNEPL.
- Total investment in GNEPL now stands at ₹600 Cr.
- Funds to support setting up a 20 Gwh Battery Energy Storage System Plant.
- GNEPL is a wholly-owned subsidiary focused on the BESS sector.
- Investment aims to meet capex and working capital needs for the BESS project.
Price Impact
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