Godawari Power and Ispat Increases Investment in Wholly Owned Subsidiary GNEPL
Godawari Power and Ispat Ltd (GPIL) has increased its investment in Godawari New Energy Private Limited (GNEPL), a wholly owned subsidiary. The capital infusion was structured through the allotment of equity shares to GPIL by GNEPL on June 4, 2026.The transaction involved the allotment of 10,00,00,000 Equity Shares of Rs. 10/- each at par to GPIL. This allocation amounted to Rs. 100.00 Crores in cash consideration.
Following this investment, GPIL’s stake in GNEPL has been updated and its total investment amount increased. Previously, the company held 35,00,00,000 Equity Shares of Rs. 10/- each, aggregating to Rs. 350.00 Crores. Post-allotment, GPIL now holds a total of 45,00,00,000 Equity Shares of Rs. 10/- each, amounting to a combined investment of Rs. 450.00 Crores. This represents the entirety of GNEPL’s paid capital.
The funds invested by GPIL are designated for GNEPL's proposed capex and working capital requirements aimed at setting up a Battery Energy Storage System Plant in its first phase, which includes a 20 GWh capacity project.
Key details regarding this investment in Godawari New Energy Private Limited (GNEPL) are provided below:
| Particulars | Detail |
|---|---|
| Target Entity | Godawari New Energy Private Limited (GNEPL) |
| Incorporation Date | June 25, 2025 |
| Industry Sector | Energy - Battery Energy Storage System (BESS) |
| Purpose of Funds | Meeting capex and working capital for setting up the BESS Plant. |
| Nature of Transaction | Cash consideration. |
| Shares Allotted to GPIL | 10,00,00,000 Equity Shares of Rs. 10/- each at par. |
| Investment Value (New) | Rs. 100.00 Crores. |
| Total Holding by GPIL | 45,00,00,000 Equity Shares, aggregating to Rs. 450.00 Crores. |
As of March 31, 2026, GNEPL had a Net worth of Rs. 298.01 Crores and its Turnover was NIL. The company is preparing for the setting up of the BESS project in Maharashtra, with operational setup underway.
GPIL Stock Price Movement
Godawari Power And Ispat limited sheds 0.59% in live trading as of 12:24 PM, with the equity priced at ₹284.3. The stock registers a traded volume of 333,775 shares so far today, reflecting sustained market activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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