Godawari Power & Ispat (GPIL) has increased its investment in wholly-owned subsidiary Godawari New Energy Private Limited (GNEPL) by Rs. 150.00 Crores.

This brings GPIL's total investment in GNEPL to Rs. 600.00 Crores, maintaining 100% ownership.

The funds will be utilized for GNEPL's capital expenditure and working capital to set up a 20 GWh Battery Energy Storage System (BESS) plant.

This strategic move diversifies GPIL's portfolio, expanding its footprint into the burgeoning energy sector and new-age power solutions.