This Mid-cap Company Share Price Surge by Over 5%; Expands GNEPL Equity to 30 Crore Shares via Rs 198.90 Crore Preference Share Conversion
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The stock price has surged over 719.64 per cent in last 5 years. The stock has delivered around 56.76 per cent returns from its 52-week low of Rs 168 per share.
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On Friday, shares of Godawari Power and Ispat Ltd jumped 5.05 per cent to Rs 267.90 per share from its previous closing of Rs 250.70 per share. The stock’s 52-week high is Rs 290 per share and its 52-week low is Rs 168 per share. The stock surged 6.86 per cent from its previous close to hit its Intraday high of Rs 267.90.
As of 12:48 IST, the stock was trading at Rs 263.35. Godawari Power and Ispat Ltd (GPIL) has announced a significant increase in its equity investment in its wholly-owned subsidiary Godawari New Energy Private Ltd (GNEPL), reinforcing its push into the energy storage segment.
The company has been allotted 19,89,00,000 equity shares of Rs 10 each in GNEPL following the conversion of 0.1 per cent Non-Cumulative Participating Optionally Convertible Redeemable Preference Shares (Series 1 and Series 2), originally issued in late 2025.
Post conversion, GPIL’s total investment in GNEPL has increased from 10,11,00,000 equity shares to 30,00,00,000 equity shares. The company clarified that no fresh funds were infused, and the transaction was a non-cash consideration amounting to Rs 198.90 crore. GPIL continues to hold 100 per cent ownership of the subsidiary’s paid-up capital.
GNEPL, incorporated on June 25, 2025, is central to GPIL’s strategy to enter the green energy space. The subsidiary is developing a 20 GWh Battery Energy Storage System (BESS) plant in its first phase. While registered in Raipur, Chhattisgarh, the primary operations are planned in Maharashtra.
As of December 31, 2025, GNEPL reported a net worth of Rs 101.10 crore and currently has nil turnover, as it remains in the initial setup and Construction phase of the BESS project.
The transaction has been classified as a related-party transaction due to GNEPL being a wholly-owned subsidiary, and it was executed on an arm’s length basis. The move aligns with GPIL’s broader strategy to diversify into the energy sector, focusing on large-scale storage solutions essential for renewable energy grid stability.
The company has a market cap of over Rs 17,675.21 crore. The stock price has surged over 719.64 per cent in last 5 years. The stock has delivered around 56.76 per cent returns from its 52-week low of Rs 168 per share.
Disclaimer: The article is for informational purposes only and not investment advice.