Investment15 Apr 2026, 06:51 pm
GPIL invests ₹50 Cr in wholly-owned GNEPL for BESS plant
AI Summary
Godawari Power and Ispat Ltd (GPIL) has made a further investment of ₹50.00 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This investment was made by subscribing to 5,00,00,000 equity shares of ₹10/- each at par on a Rights Basis. Consequent to this allotment, GPIL's total investment in GNEPL has increased to ₹350.00 Crores, maintaining 100% paid-up capital. GNEPL, incorporated on June 25, 2025, is in the process of setting up a 20 Gwh Battery Energy Storage System Plant in its first phase. The funds from this investment will be utilized for GNEPL's capital expenditure and working capital requirements for this project.
Key Highlights
- GPIL invested an additional ₹50.00 Cr in its wholly-owned subsidiary, GNEPL.
- The investment was made by subscribing to 5 crore equity shares on a Rights Basis.
- GPIL's total investment in GNEPL now aggregates to ₹350.00 Cr.
- GNEPL is establishing a 20 Gwh Battery Energy Storage System Plant.
- GPIL maintains 100% shareholding in the subsidiary company.