Godawari Power Acquires 100% Stake in New Energy Subsidiary GNEPL

Godawari Power and Ispat Limited has acquired 10,000 equity shares of ₹10 each in Godawari New Energy Private Limited (GNEPL), amounting to a total investment of ₹1,00,000. This acquisition, completed on July 8, 2025, gives the company 100% ownership of GNEPL.

The newly incorporated GNEPL, established on June 25, 2025, will operate in the energy sector. This move marks Godawari Power’s strategic step toward expanding its footprint in the renewable and energy domains, aligning with the group’s broader vision for diversification and sustainability in the energy space.

GPIL Gets PGCIL Approval for Full Range of HT Steel Billets

Earlier this month, on July 3, GPIL has received a significant boost as its High Tensile (HT) steel billets (conforming to IS 14650) have been approved by Power Grid Corporation of India Limited (PGCIL) through a manufacturer approval letter dated July 2, 2025. The approval is valid until July 1, 2026. Earlier this year, on February 5, 2025, GPIL’s steel billets (IS 14650 CPS 2062/E250A) had already secured PGCIL’s approval.

This recent approval allows GPIL to supply the complete range of HT steel billets to all manufacturers of Galvanized Steel Structures used in PGCIL’s transmission projects. The development is a strong testament to the high-quality manufacturing standards maintained by GPIL, placing its products on par with those from leading steel companies in India.

Previously, due to high costs of market-sourced HT billets, GPIL couldn’t offer the entire range of Galvanized Steel Structures to PGCIL contractors. Now, with in-house billet approval, the company can expand its offerings and expects an increase in business volumes and profitability.

Notably, GPIL is the only company in India capable of manufacturing Galvanized Steel Structures entirely in-house, from iron ore to finished product.

Godawari Power and Ispat Share Price Performance

On July 9, 2025, Godawari Power and Ispat share price opened at ₹180.75, the same as its previous close of ₹180.75. At 9:16 AM, the share price of Godawari Power and Ispat was trading at ₹180.92, up by 0.09% on the NSE.

Also Read: India Clears 2 Nuclear Submarines with Hypersonic Missiles; L&T to Lead Construction!

Conclusion

With 100% acquisition of GNEPL and PGCIL's approval for its HT steel billets, GPIL is poised for strategic growth. These developments enhance its capabilities in both energy and infrastructure.

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