Mid-Cap Stock Jumps 7.75% with Heavy Volume; Company Invests in Subsidiary for Setting Up Battery Energy Storage System Plant

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Mid-Cap Stock Jumps 7.75% with Heavy Volume; Company Invests in Subsidiary for Setting Up Battery Energy Storage System Plant

The stock gave multibagger returns of 315 per cent in just 3 year and a whopping 1,060 per cent in 5 years.

Today, shares of GPIL jumped 7.75 per cent to Rs 260.10 per share from its previous closing of Rs 241.40 per share. The stock’s 52-week high is Rs 290 per share and its 52-week low is Rs 145.55 per share. The shares of the company saw a Spurt in Volume by more than 3 times on the BSE.

Godawari Power & Ispat Ltd (GPIL) has announced a further investment of Rs 73.95 crore in its wholly-owned subsidiary, Godawari New Energy Private Ltd (GNEPL). This investment was executed on December 16, 2025, through the allotment of 7.39 crore non-cumulative participating optionally convertible redeemable preference shares on a rights basis. The capital infusion is specifically earmarked for GNEPL’s capital expenditure and working capital requirements as it begins the setup of its ambitious Battery Energy Storage System (BESS) manufacturing facility.

Furthermore, GPIL has significantly scaled the scope of this project, increasing the total planned capacity from 10 GWh to 40 GWh. The first phase has been enhanced to 20 GWh, scheduled for completion in FY26-27 at an investment of Rs 1,025 Crores, followed by a second phase to reach 40 GWh by FY28-29. This capacity doubling in the first phase is driven by the availability of a single-line manufacturing unit, which is expected to optimise land use, reduce structural costs, and improve operating margins. The facility, based in Maharashtra, is slated to commence commercial operations in Q1 FY2027-28.

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About the Company

Incorporated in 1999 and headquartered in Raipur, Chhattisgarh, Godawari Power & Ispat Ltd (GPIL) is a leading flagship entity of the Hira Group and a major player in India’s integrated steel sector. The company operates a fully backwards-integrated value chain, controlling everything from iron ore mining at its Ari Dongri and Boria Tibu mines to the production of pellets, sponge iron, steel billets, and high-value wire rods. GPIL is particularly recognised for its strong captive power capabilities—utilising waste heat recovery, biomass, and Solar energy—which ensure cost efficiency and a lower carbon footprint. Beyond its core steel business, the company is aggressively diversifying into the green energy transition.

The company has a market cap of over Rs 17,000 crore with a 3-year stock price CAGR of 60 per cent. In the September quarter of FY26, FIIs have increased their stake to 6.63 per cent from 6.51 per cent in June 2025. The stock gave multibagger returns of 315 per cent in just 3 year and a whopping 1,060 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.