Steel & Power Company Signs BESS Supply Agreement with China-Based Firm; FII and DII Stakes Increase QoQ

The Indian equity markets ended on a weak note on Friday, with the Nifty 50 closing at 23,897.95, down 275.10 points or 1.14 per cent. Metal stocks also witnessed selling pressure during the session. Amid this, Godawari Power and Ispat closed at Rs 289.95, down Rs 4.50 or 1.53 per cent, following a recent company development.

Godawari Power Business Update

Godawari Power and Ispat has announced that its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL), has entered into a supply agreement with Shanghai Shenyi Roche Energy Technology Limited, a China-based company.

The agreement is for the supply of Balance of System (BoS) for a 5 MWh DC block on a CKD basis, which will be used in the first phase of a 20 GWh Battery Energy Storage System (BESS) project at Sambhajinagar, Maharashtra.

Godawari Power Strategic Importance

This agreement marks a key step in the company’s expansion into the energy storage segment. The partnership is expected to help secure a stable and cost-effective supply chain, ensuring consistent quality and supporting the execution of the BESS project.

The development also reflects the company’s broader strategy to diversify into renewable and new energy segments, aligning with the growing demand for energy storage solutions.

Godawari Power Shareholding Pattern Update (QoQ Comparison)

As of March 2026, promoter holding stood at 63.34 per cent, slightly lower compared to 63.50 per cent in December 2025.

Foreign Institutional Investors (FIIs) increased their stake marginally to 5.94 per cent from 5.90 per cent, reflecting slight improvement in foreign participation. Similarly, Domestic Institutional Investors (DIIs) also saw an increase to 2.63 per cent from 2.53 per cent. Public shareholding remained largely stable at 28.09 per cent, compared to 28.08 per cent in the previous quarter.

About Godawari Power and Ispat

Godawari Power and Ispat operates in the steel and power sector, with integrated operations including iron ore mining, pellet production, sponge iron, steel billets, and power generation. The company is part of the Hira Group and has a strong presence in central India.

The company has been focusing on expanding into value-added segments, including renewable energy and energy storage, to diversify its revenue streams and align with long-term industry trends.

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