GPIL to incorporate wholly-owned subsidiary Godawari Energy Solutions

Godawari Power and Ispat Limited (GPIL) announced that its Board of Directors approved the incorporation of a new wholly-owned subsidiary, "Godawari Energy Solutions Private Limited" (GESPL), on October 1, 2026. The new entity, to be based in Maharashtra, India, will focus on Engineering, Procurement, and Construction (EPC), turnkey, and operation and maintenance activities for Battery Energy Storage Systems, renewable energy, power, electrical, and allied infrastructure projects. GPIL will be the sole subscriber, investing an initial cash consideration of ₹10.00 Lakhs (1.00 Lakh equity shares of ₹10 each at par value), securing 100% shareholding and control.