Godawari New Energy Subsidiary Secures 5-Year Supply Agreement for LFP Cells for BESS Manufacturing
Godawari New Energy Private Limited (GNEPL), a wholly owned subsidiary of Godawari Power and Ispat Limited, has secured a major supply agreement crucial for its energy storage ambitions. The subsidiary has finalized a long-term contract with EVE Power Co. Ltd (EVE Power), a company incorporated in the Republic of China.The agreement, which was received by Godawari Power and Ispat Limited on April 13, 2026, mandates the purchase of key battery raw materials, specifically Lithium Ferro Phosphate (LFP) Cells. This supply agreement is set for a period of five years.
Under the terms, GNEPL will acquire 628 Ah LFP Cells from EVE Power to facilitate the manufacturing of the first phase of a 20 GWh Battery Energy Storage System (BESS).
This partnership provides significant advantages for GNEPL by securing a stable, reliable, and cost-effective supply chain, guaranteeing consistent quality, and enabling thorough long-term planning for the subsidiary. The association with EVE Power, a leading manufacturer of LFP Cells in China, assures that GNEPL will receive Grade 1 cells for its BESS Assembly line, marking a significant milestone in the company's BESS manufacturing journey.
GPIL Stock Price Movement
Today, Godawari Power And Ispat limited shares slipped by 0.19% to settle at ₹289.1 after trading activity. The stock closed at this level despite moving over 3.60 million shares today, following a session where the equity reached its 52-week high of ₹296.Source:
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