Godawari Power unveils ₹1,625 crore plan to quadruple battery storage capacity

Godawari Power & Ispat Ltd (GPIL) has significantly expanded its battery energy storage ambitions, approving a ₹1,625-crore investment to scale up the capacity of its upcoming Battery Energy Storage System (BESS) manufacturing project.

The project—being developed by its wholly owned subsidiary, Godawari New Energy Pvt Ltd (GNEPL)—will now be executed in two phases, ultimately delivering 40 GWh of annual capacity.

The company had earlier planned a 10 GWh facility at a cost of ₹700 crore. It will now

double the capacity to 20 GWh in Phase 1 at an investment of ₹1,025 crore in FY26–27, followed by Phase 2, which takes capacity to 40 GWh with an additional ₹600 crore investment in FY28–29.

GPIL said the decision was driven by the availability of a single-line 20 GWh manufacturing unit, enabling better land utilisation, lower structural costs and improved operating margins.

The 20 GWh facility is expected to begin commercial operations in Q1 FY28. Funding will be a mix of debt raised by GNEPL and equity infused by GPIL through internal accruals.

Shares of Godawari Power & Ispat Ltd closed 2.3% higher at ₹238.80 on Friday.