Investment13 Aug 2025, 03:05 pm
Godawari Power Invests ₹ 24.49 Crores in Wholly Owned Subsidiary GNEPL's BESS Plant
AI Summary
Godawari Power and Ispat Ltd (GPIL) has approved a proposal to set up a Battery Energy Storage System (BESS) Plant with an initial capacity of 10 GWh for manufacturing Battery Packs and Containers through its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL). GPIL has received an intimation on 13.08.2025 regarding the allotment of 2,54,90,000 equity shares of 10/- each on a rights basis on 08.08.2025. This investment of ₹ 24.49 Crores is not considered a material transaction for the Company due to its Consolidated Net-worth and Turnover.
Key Highlights
- Godawari Power and Ispat Ltd (GPIL) investing ₹ 24.49 Crores in GNEPL's BESS Plant
- BESS Plant to have an initial capacity of 10 GWh for manufacturing Battery Packs and Containers
- Investment made through wholly owned subsidiary Godawari New Energy Private Limited (GNEPL)
- GPIL received intimation regarding allotment of 2,54,90,000 equity shares on a rights basis on 08.08.2025
- Investment not considered a material transaction for the Company