Godawari Power And Ispat limited has informed the Exchange regarding Corrigendum to Outcome of Board Meeting dated 05.08.2025
GPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Godawari Power and Ispat Ltd has issued a corrigendum to its August 5, 2025 Board Meeting outcome, correcting the indicative completion timeline for setting up a Battery Energy Storage System (BESS) plant through its wholly owned subsidiary, Godawari New Energy Pvt Ltd (GNEPL). The timeline has been revised from March 2026 to March 2027, effectively delaying the project by a full year. The company will invest Rs. 25.49 Crores (2,54,90,000 equity shares of Rs. 10 each) on a rights basis in GNEPL, which was newly incorporated on June 25, 2025. The BESS plant will be set up in Maharashtra and the investment qualifies as a related party transaction since GNEPL is a wholly owned subsidiary.
The one-year delay in the BESS plant timeline signals slower execution of GPIL's energy storage diversification plans, which may temper near-term growth expectations from this segment. However, the financial commitment remains modest at Rs. 25.49 Crores, so the impact on overall business is limited.