Godawari Power And Ispat limited — JV/Acquisition, 20-03-2026: Acquisition

Godawari Power & Ispat (GPIL) has solidified its investment in its wholly-owned subsidiary, Godawari New Energy Private Ltd (GNEPL), by converting preference shares worth Rs 198.90 Cr into equity. GNEPL is actively developing a 20 Gwh Battery Energy Storage System (BESS) Plant, marking GPIL's strategic entry and expansion into this critical energy sector. This internal conversion increases GPIL's equity holding in GNEPL without any new fund infusion, reinforcing the subsidiary's capital for its significant growth plans in green energy.