Godawari Power & Ispat invests Rs 50 cr in Godawari New Energy

Godawari Power & Ispat has been allotment of 5,00,00,000 0.1% Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares of Rs.10/- each at par aggregating to Rs.50 crore (Preference Shares Series 2) on Right Basis by Godawari New Energy (wholly owned subsidiary of the company) on 12 November 2026.

The funds will be utilised by Godawari New Energy for setting up BESS plant and for purpose of working capital requirement.