Godawari Power and Ispat Limited has made an additional investment of Rs 50 million in its wholly owned subsidiary Godawari New Energy Private Limited. The subsidiary was incorporated in June 2025 and is currently in the process of setting up a 20 GWh battery energy storage system (BESS) in the first phase. Godawari Power and Ispat Limited was allotted 50,000,000 equity shares of Rs 10 each. The equity shares were issued on a rights basis by Godawari New Energy Private Limited.
The investment will be used by Godawari New Energy Private Limited to meet its proposed capital expenditure and working capital requirements for the development of 20 GWh BESS. Furthermore, with the new allotment, Godawari Power and Ispat Limited’s total investment in Godawari New Energy Private Limited has increased from 300,000,000 equity shares of Rs 10 each to 350,000,000 equity shares of Rs 10 each. The total investment now aggregates to Rs 3.5 billion, comprising 100 per cent paid capital of Godawari New Energy Private Limited.
Earlier in December 2025, Godawari Power & Ispat Limited, through its subsidiary Godawari New Energy, unveiled plans to scale up the capacity of its 10 GWh BESS manufacturing plant to 40 GWh.
