New Delhi [India], April 15: Godawari Power and Ispat Limited (GPIL) has announced a fresh equity infusion of ₹50 crore into its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL), reinforcing its strategic push into the clean energy and battery storage segment. The investment has been made through the allotment of 5 crore equity shares of ₹10 each on a rights basis, as part of the company's previously approved capital commitment.
Earlier, GPIL had outlined plans to invest up to ₹200 crore in GNEPL to support capital expenditure and working capital requirements. The funds are being directed towards the development of a 20 GWh Battery Energy Storage System (BESS) plant in its first phase, positioning the company to tap into the rapidly growing energy storage market.
With this latest infusion, GPIL's total investment in GNEPL has reached ₹350 crore, maintaining its 100% ownership in the subsidiary. The move underscores GPIL's long-term commitment to diversifying its business portfolio and strengthening its presence in the renewable energy ecosystem.
GNEPL, incorporated in June 2025, is focused on advancing battery energy storage solutions in India. The company is currently in the process of setting up its first large-scale facility, which is expected to play a key role in supporting grid stability and renewable energy integration.
This strategic investment aligns with GPIL's vision to expand into future-ready energy solutions while creating long-term value for stakeholders.
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