Key Highlights
- Godawari Power and Ispat invests ₹73.95 crore in Godawari New Energy via preference shares.
- Investment made through allotment of 7.395 crore optionally convertible redeemable preference shares.
- Funds to support capex and working capital for a 20 GWh battery energy storage system plant.
- Godawari New Energy is a wholly owned subsidiary incorporated in June 2025.
- Battery energy storage project to be developed in phases with operations planned in Maharashtra.
Godawari Power and Ispat Limited has made a further investment of ₹73.95 crore in its wholly owned subsidiary, Godawari New Energy Private Limited, to support its expansion into the battery energy storage segment.
The investment was executed through the allotment of 7.395 crore Series-2 optionally convertible redeemable preference shares, each with a face value of ₹10, issued at par on a rights basis. The preference shares carry a non-cumulative participating structure.
The funds will be utilised to meet capital expenditure and working capital requirements for setting up a 20 GWh battery energy storage system plant in the first phase. The project forms part of the company’s diversification into clean and sustainable energy infrastructure.
Godawari New Energy Private Limited was incorporated on June 25, 2025, and operates in the energy sector with a specific focus on battery energy storage systems. While the subsidiary is registered in Raipur, Chhattisgarh, the proposed operational facilities are planned to be established in Maharashtra.
As of September 30, 2025, the subsidiary reported a net worth of ₹25.50 crore and had not commenced commercial operations. The latest investment ensures that Godawari Power and Ispat continues to hold 100 percent ownership and control over Godawari New Energy.
The transaction qualifies as a related-party transaction due to the wholly owned subsidiary structure and has been carried out on an arm’s-length basis in compliance with applicable regulations.