Godawari Power & Ispat Limited (GPIL) has approved two major expansion projects worth a combined ₹1,600 crore, strengthening its footprint in both the steel manufacturing and renewable energy storage sectors.
The first project involves setting up a 0.7 million tonnes per annum (MTPA) Cold Rolling Mill (CRM) complex for manufacturing heavy structural steel at Sarora village, Tilda tehsil, Raipur district, Chhattisgarh. The facility, targeted for completion by April 2027, will be established at an estimated cost of ₹900 crore, financed through ₹600 crore in debt and ₹300 crore from internal accruals. GPIL cited growing demand for cold rolled coils, colour-coated steel, and zinc-aluminium coated products as the key driver behind the expansion.
The second project will see the establishment of a Battery Energy Storage System (BESS) plant with an initial capacity of 10 GWh for manufacturing battery packs and containers. The facility will be developed by GPIL’s wholly owned subsidiary, Godawari New Energy Pvt Ltd (GNEPL), at a cost of ₹700 crore. The funding structure will comprise 60% debt raised by GNEPL and 40% equity infusion by GPIL. The project is expected to be completed by March 2026 and aims to tap the growing demand for energy storage solutions in India’s renewable energy ecosystem.
GNEPL, incorporated in June 2025, is headquartered in Raipur, Chhattisgarh, and will set up its manufacturing operations in Maharashtra. GPIL will acquire 100% equity in GNEPL through a rights issue, subscribing to 2.54 crore shares at ₹10 each.
With these investments, GPIL is positioning itself to serve both traditional infrastructure demand in steel and the emerging renewable energy storage market, aligning with India’s push towards sustainable growth.