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Godawari Power and Ispat informs about acquisition

05 Jun 2026 Evaluate
Godawari Power and Ispat has informed that this is in continuation of earlier intimation dated 06.02.2026 & 19.05.2026, wherein, they had informed that the Godawari Power and Ispat (GPIL) has approved further investment in Godawari New Energy Private Limited (GNEPL) a Wholly Owned Subsidiary Company for the purpose of capex and working capital requirements of GNEPL for setting up of 20 GWh Battery Energy Storage System Plant in First Phase. GPIL has received intimation on 05.06.2026 (i.e. Today) from GNEPL regarding allotment of 10,00,00,000 Equity Shares of Rs 10 each at par aggregating to Rs 100.00 Crores on Rights Basis to the GPIL on 04.06.2026. Consequent upon aforesaid allotment, the GPIL's investment in GNEPL has been increased from 35,00,00,000 Equity Shares of Rs 10 each to 45,00,00,000 Equity Shares of Rs 10 each, aggregating to Rs 450.00 Crores, comprising of 100% paid capital of GNEPL. The details in respect of the above investment as required to be disclosed under Regulation 30 of the SEBI Listing Regulations, are set out below at Annexure-A.

The above information is a part of company’s filings submitted to BSE. 

Godawari Power & Isp Share Price

277.05 2.35 (0.86%)
10-Jun-2026 16:59 View Price Chart
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