Godawari Power & Ispat subsidiary Godawari New Energy Private Limited has received fresh environment clearance for a 20 GWh battery energy storage system (BESS) project in Maharashtra.

The approval was granted by the State Expert Appraisal Committee-3 (SEAC-3) of Maharashtra under the Ministry of Environment, Forest and Climate Change. The clearance covers the construction of an industrial building to house the BESS facility at the AURIC Bidkin Industrial Area in District Chhatrapati Sambhaji Nagar.

Project details and approvals

The environment clearance was accorded vide the 299th Minutes of Meeting of SEAC-3. The document was received by the company on October 5, 2026. The following table summarises the key details of the approved projects:

The battery energy storage system, with a capacity of 20 GWh, marks a significant infrastructure development for Godawari Power & Ispat at the Auric industrial corridor in Maharashtra. The approval for the new industrial building alongside the BESS underlines the company's expanding footprint at this location.

Regulatory context

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company secretary signed off on the communication to BSE and NSE on October 6, 2026. This regulatory nod is a critical prerequisite for commencing construction activities for the large-scale energy storage infrastructure.

Godawari Power & Ispat has incorporated a wholly owned subsidiary, Godawari Energy Solutions Private Limited, to undertake engineering, procurement, and construction activities for battery energy storage systems and renewable energy projects. The entity was registered in Maharashtra on October 1, 2026.

Subsidiary incorporation details

The Board of Directors approved the proposal for the incorporation of the new entity on October 1, 2026. The subsidiary will operate as a private limited company with 100% ownership by Godawari Power & Ispat. The initial subscription involves a cash consideration of ₹10.00 lakh for 1.00 lakh equity shares of face value ₹10 each at par value.

Expanded operational scope

The newly formed entity is designed to handle a broader range of technical services than initially outlined. Its mandate includes engineering, procurement, construction, erection, installation, testing, commissioning, operation, and maintenance activities. These services will cover battery energy storage systems, renewable energy, power, electrical infrastructure, and allied projects.

This move formalizes the company's entry into the energy transition sector through a dedicated corporate vehicle, separating these new business verticals from its core steel operations.