Godawari Power and Ispat Limited (GPIL) has made a further investment of ₹150.00 crores in its wholly-owned subsidiary Godawari New Energy Private Limited (GNEPL). This investment follows previous intimations dated 06.02.2026 and 19.05.2026 regarding approved investment for GNEPL's capex and working capital requirements.
Investment Details
- Transaction Date: Allotment occurred on 03.07.2026
- Intimation Received: 04.07.2026
- Instrument: 15,00,00,000 Equity Shares of ₹10 each at par value
- Investment Amount: ₹150.00 crores
- Basis: Rights basis allotment to GPIL
Post-Investment Capital Structure
- Previous Holding: 45,00,00,000 Equity Shares of ₹10 each (₹450 crores)
- New Holding: 60,00,00,000 Equity Shares of ₹10 each (₹600 crores)
- Percentage Ownership: 100% of GNEPL's paid capital
Subsidiary Background
GNEPL was incorporated on June 25, 2025 and has not yet commenced business operations. The company is in the process of setting up a Battery Energy Storage System (BESS) project in the energy sector.
Financial Position of GNEPL (as of 31.03.2026)
- Net Worth: ₹298.01 crores
- Turnover: NIL (no business operations yet)
Project Details
- Project Type: 20 GWh Battery Energy Storage System Plant
- Phase: First phase
- Location: Operations will be set up in the State of Maharashtra
Transaction Characteristics
- Related Party Transaction: Yes, as GNEPL is a wholly-owned subsidiary
- Arm's Length: Implied as no other promoter/promoter group/group companies have any interest in GNEPL
- Consideration Type: Cash consideration
- Government Approvals: Not required/Not applicable
Purpose of Investment
The funds will be utilized by GNEPL to meet proposed capital expenditure and working capital requirements for setting up the Battery Energy Storage System Plant.