Godawari Power and Ispat has increased its investment in its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL), with an allotment of 5 crore equity shares, each valued at ₹10, totalling ₹50 crore. This move is part of the company’s strategy to support GNEPL’s capital expenditure and working capital requirements for the development of a 20 GWh Battery Energy Storage System Plant in its first phase.
The recent allotment raises Godawari Power‘s total investment in GNEPL from 30 crore equity shares to 35 crore equity shares, with each share priced at ₹10. This translates to a total investment of ₹350 crore, representing 100% of GNEPL’s paid capital.
GNEPL, incorporated on 25 June 2025, is focused on the energy sector, specifically in the Battery Energy Storage System (BESS) domain. The funds from this investment will be utilised by GNEPL to meet its proposed capital expenditure and working capital needs for setting up the BESS plant.
This transaction is classified as a related party transaction, given that GNEPL is a wholly owned subsidiary of Godawari Power. The investment was executed on an arm’s length basis, with no additional interest from the promoter or promoter group in GNEPL.
The equity shares were allotted on 15 April 2026, with the transaction being completed in cash consideration.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).