Godawari Power And Ispat limited has informed the Exchange regarding 'Execution of Supply Agreement for Purchase of Key Battery Raw Materials that is Lithium Ferro Phosphate (LFP) Cells for manufacturing of First Phase of 20 GWH of Battery Energy Storage System, by Godawari New Energy Private Limited (GNEPL) a Wholly Owned Subsidiary of Godawari Power and Ispat Limited.'.
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Godawari Power and Ispat's wholly-owned subsidiary GNEPL (Godawari New Energy Private Limited) has signed a 5-year supply agreement with China's EVE Power Co. Ltd for Lithium Ferro Phosphate (LFP) cells (628 Ah). The cells will be used to manufacture the first phase of a 20 GWh Battery Energy Storage System (BESS). EVE Power is described as one of the leading LFP cell manufacturers in China. The agreement is intended to secure a stable, reliable, and cost-effective supply chain with consistent quality for GNEPL's BESS assembly line.
This signals Godawari Power's strategic entry into large-scale battery energy storage manufacturing, diversifying beyond its steel and power business. It is a positive development as it locks in a critical raw material supply for a major new product line, though the financial value of the contract was not disclosed.