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Godawari Power to invest Rs 1625 crore to expand BESS project capacity

15 Dec 2025 Evaluate

Godawari Power and Ispat has raised its bets on manufacturing of Battery Pack and Containers. The company has received approval to increase the capacity of Battery Energy Storage System (BESS) project from 10Gwh to 40Gwh at an investment of Rs 1625 crore. The company will set up the manufacturing unit through its wholly owned subsidiary -- Godawari New Energy (GNEPL). The board of directors of the company have approved the same. The project will be implemented in two phases. The company plans to add phase - 1 capacity from 10Gwh to 20Gwh at an investment of Rs 1025 in FY26-27 and Phase 2 from 20Gwh to 40Gwh in FY28-29 at an additional investment of Rs 600 crore. The phase - 1 capacity of 20Gwh is expected to commence its commercial operations in Q1 FY2027-28. The project shall be funded partly by debt to be raised by GNEPL and partly by equity infusion by the company from its internal accrual in one or more tranches.

Earlier, the company had received board’s approval to set up a manufacturing unit for Battery Energy Storage System with an initial capacity of 10Gwh for manufacturing of Battery Pack and Containers through GNEPL at a cost of Rs 700 crore. 

The decision to increase in project capacity from 10Gwh to 20Gwh is in view of availability of single line unit for manufacture of 20Gwh Battery Energy Storage System per annum, which in turn enables the effective land utilisation, lower building structural cost and overall lower investment in setting up of 20Gwh line. Further with single unit to manufacture 20Gwh, the company expects the saving in cost of manufacture of BESS and higher operating margins.

Godawari Power and Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.

Godawari Power & Isp Share Price

305.60 5.10 (1.70%)
17-Apr-2026 16:59 View Price Chart
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