Godawari Power and Ispat Limited (GPIL) has made a further investment in its wholly-owned subsidiary Godawari New Energy Private Limited (GNEPL). This investment follows previous intimation provided on 19.05.2026 regarding approved investment for GNEPL's capex and working capital requirements for setting up a Battery Energy Storage System Plant.
On 13.11.2026, GPIL received intimation from GNEPL regarding the allotment of 5,00,00,000 0.1% Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares of ₹10 each at par, aggregating to ₹50.00 Crores (Preference Shares-Series 2). The allotment was made on a Right Basis to GPIL on 12.11.2026.
Investment Details:
- Target Entity: Godawari New Energy Private Limited (GNEPL)
- Incorporation Date: 25 June 2025
- Business Status: Not yet commenced operations
- Industry: Energy Sector - Battery Energy Storage System (BESS)
- Transaction Type: Related party transaction (wholly-owned subsidiary)
- Consideration: Cash consideration of ₹50.00 Crores
- Instrument: 0.1% Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares
- Shareholding: 100% ownership maintained
- Purpose: Funds will be utilized for proposed capex and working capital requirements for setting up Battery Energy Storage System Plant
Company Background:
- GNEPL has registered office at Raipur, Chhattisgarh
- Operations will be set up at AURIC, Chhatrapati Sambhajinagar, Maharashtra
- As of 30.09.2026, net worth: ₹598 Crores
- As of 30.09.2026, turnover: NIL (not yet started business)
- The company is in process of setting up a BESS Project
Regulatory Aspects:
- No governmental or regulatory approvals required for this acquisition
- Disclosure made under Regulation 30 of SEBI Listing Regulations
- Transaction completed on 12.11.2026 with allotment of preference shares
The investment represents a continuation of GPIL's funding strategy for its energy storage subsidiary and maintains 100% ownership control.