Godawari Power And Ispat limited has informed the Exchange regarding 'Updates regarding Further Investment in Godawari New Energy Pvt Ltd (GNEPL), Wholly Owned Subsidiary of the Company.'.
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Godawari Power and Ispat Limited is infusing additional capital of ₹24.49 Crores into its wholly owned subsidiary, Godawari New Energy Pvt Ltd (GNEPL), via a rights issue of 2,54,90,000 equity shares of ₹10 each allotted on 08.08.2025. This is a follow-up to an earlier announcement dated 05.08.2025, where GPIL approved setting up a 10 Gwh Battery Energy Storage System (BESS) plant for manufacturing battery packs and containers through GNEPL. The company has clarified that this investment is not a material transaction relative to GPIL's consolidated net worth and turnover.
This is a routine capital infusion into a wholly owned subsidiary for an already-approved greenfield BESS project and is explicitly stated as non-material. Minimal direct impact on shareholders; the key thing to watch will be execution and commissioning progress of the 10 Gwh battery plant in future updates.