Godawari Power Invests Rs. 125 Crores in Subsidiary for Energy Storage
Filing Summary
Godawari Power and Ispat Ltd has announced a further investment in its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL). The investment involves the allotment of 12,49,50,000 non-cumulative, optionally convertible, redeemable preference shares at Rs. 10 each, totaling Rs. 125 Crores. This capital will support GNEPL’s development of a 10 Gwh Battery Energy Storage System Plant. The transaction, completed on November 18, 2025, is a related party transaction conducted at arm’s length. The plant will be established in Maharashtra, with GNEPL incorporated on June 25, 2025.
Godawari Power and Ispat Ltd (GPIL) has confirmed a further investment in its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL). This investment involves the allotment of 12,49,50,000 non-cumulative, optionally convertible, redeemable preference shares. Each share is valued at Rs. 10, aggregating to a total investment of Rs. 125 Crores. The shares were allotted on November 18, 2025, on a right basis. This transaction is part of GPIL’s strategy to support GNEPL’s capital expenditure and working capital requirements.
The financial terms of the investment specify that the preference shares are non-cumulative and optionally convertible. The shares are redeemable, providing flexibility in terms of financial structuring. The total investment of Rs. 125 Crores is aimed at facilitating the establishment of a Battery Energy Storage System (BESS) Plant with an initial capacity of 10 Gwh. This investment is categorized as a related party transaction, as GNEPL is a wholly owned subsidiary of GPIL, and it has been conducted at arm’s length.
The operational scope of this investment focuses on the development of a 10 Gwh Battery Energy Storage System Plant. This plant is intended to enhance energy storage capabilities, aligning with the growing demand for energy solutions. The funds from the investment will be utilized by GNEPL to meet its proposed capital expenditure and working capital needs. The plant is set to be established in the state of Maharashtra, expanding GPIL’s operational footprint in the energy sector.
GNEPL was incorporated on June 25, 2025, and is primarily engaged in the energy sector, specifically focusing on battery energy storage systems. As of September 30, 2025, GNEPL reported a net worth of Rs. 25.50 Crores, with no turnover recorded. The establishment of the BESS Plant marks a significant step in GNEPL’s operational development, positioning it within the energy storage market.
The timeline for the completion of the investment was finalized with the allotment of preference shares on November 18, 2025. This transaction is part of GPIL’s ongoing efforts to enhance its subsidiary’s capabilities in the energy sector. The investment supports GNEPL’s strategic objectives in setting up the BESS Plant, which is expected to contribute to the company’s growth in the energy storage domain.
Godawari Power and Ispat Ltd is a company focused on the production and distribution of iron and steel products. The company is actively engaged in expanding its operations in the energy sector, particularly through investments in renewable energy and energy storage solutions. GPIL’s strategic initiatives aim to enhance its market presence and operational capabilities in these sectors.