Godawari Power and Ispat Limited (GPIL) told the exchanges on 5 June 2026 that its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL), has allotted 10,00,00,000 equity shares of Rs 10 each at par on a rights basis, aggregating Rs 100 crore.
The company said the funds are for the capital expenditure and working-capital needs of GNEPL, which is setting up a 20 GWh Battery Energy Storage System (BESS) plant in its first phase. The move continues GPIL’s earlier intimations of February and May 2026 on building out the new-energy business.
GPIL is a capital-goods and metals company with a market value of about Rs 17,700 crore. Its shares eased about 2% on the day to around Rs 280, and are up roughly 51% over the past year.
The details are taken from GPIL’s filing with NSE and BSE dated 5 June 2026. This note is for information only and is not investment advice.