Godawari Power & Ispat (GPIL) has increased its investment in wholly-owned subsidiary Godawari New Energy Private Ltd (GNEPL) by Rs. 50 Cr, acquiring 5 crore equity shares on a rights basis.

Godawari Power And Ispat limitedGPIL · Filed with the exchange

This latest funding brings GPIL's total investment in GNEPL to Rs. 350 Cr, maintaining a 100% stake.

GNEPL is establishing a 20 Gwh Battery Energy Storage System (BESS) plant, marking a significant strategic expansion for GPIL into the crucial new energy storage sector. #GPIL #NewEnergy #BESS

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