Investment29 Sept 2026, 04:23 pm
GPIL invests ₹50 Cr in wholly-owned subsidiary GNEPL
AI Summary
Godawari Power and Ispat Ltd (GPIL) has made a further investment of ₹50 crore in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). This investment involves acquiring 5,00,00,000 0.1% Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares of ₹10 each at par, on a Rights Basis. The funds will be utilized by GNEPL for capital expenditure and working capital requirements to establish a Battery Energy Storage System Plant. GNEPL, incorporated on June 25, 2025, is in the process of setting up its business in the energy sector, specifically Battery Energy Storage Systems. The allotment of shares was completed on September 28, 2026.
Key Highlights
- GPIL invested ₹50 crore in its wholly-owned subsidiary GNEPL.
- The investment is for 5 crore preference shares at ₹10 each.
- Funds will be used to set up a Battery Energy Storage System Plant.
- GNEPL is a new entity in the energy sector, not yet operational.
- This related party transaction was done on a rights basis.
Price Impact
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