Investment19 May 2026, 07:31 pm
Godawari Power to Invest ₹200 Cr More in Godawari New Energy
AI Summary
Godawari Power and Ispat Ltd's board approved an additional investment of ₹200 Crores in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL), for CAPEX and working capital related to setting up a Battery Energy Storage System (BESS) Plant. This is in addition to the existing approved investment of ₹500 Crores, bringing the total investment in GNEPL to ₹700 Crores. The board also recommended a final dividend of Re.1/- per share (100%) for FY 2025-26, subject to shareholder approval. Additionally, a loan of up to ₹150 Crores was approved for Godawari Education Research Foundation (GERF), another subsidiary, pending shareholder approval.
Key Highlights
- Godawari Power will invest an additional ₹200 Cr in Godawari New Energy (GNEPL).
- Total investment in GNEPL for BESS plant now stands at ₹700 Cr.
- Final dividend of Re.1/- per share (100%) recommended for FY26.
- Loan of up to ₹150 Cr approved for Godawari Education Research Foundation (GERF).
- EGM scheduled for June 27, 2026, for loan approval to GERF and revision of executive directors' remuneration.
Price Impact
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