Bartronics India has entered into a memorandum of understanding (MOU) with Shree Naganarasimha Private Limited on December 15, 2025, for an agricultural produce supply chain partnership. The company disclosed this development to stock exchanges on December 16, 2025, under regulatory compliance requirements.

Partnership Structure and Objectives

The MOU establishes a strategic collaboration in the agri-produce supply chain sector, creating a direct procurement and distribution framework. Under this arrangement, Bartronics India will procure agricultural produce directly from farmers, Farmer Producer Organizations (FPOs), and mandis, while Shree Naganarasimha will purchase such produce from Bartronics India for onward sale to various market channels.

Business Model and Market Reach

The collaboration positions Bartronics India as an intermediary in the agricultural supply chain, connecting farmers and agricultural markets with modern distribution channels. Shree Naganarasimha will focus on selling the procured produce to quick commerce platforms, modern trade outlets, retail establishments, institutional buyers, and other off-takers.

Regulatory and Legal Framework

The MOU is non-binding in nature, except for specific clauses relating to confidentiality, jurisdiction, and termination provisions. The agreement does not grant any special rights such as board nominations, equity rights, pre-emptive rights, or restrictions on capital structure changes. Both parties are not related to each other's promoter groups, and the transaction does not fall under related party transaction categories.

Strategic Significance

This partnership represents Bartronics India's strategic expansion into the agricultural sector supply chain management, diversifying its business portfolio beyond its traditional IT software sector operations. The collaboration could potentially create new revenue streams by tapping into India's vast agricultural market and connecting it with modern retail and e-commerce platforms.

The agricultural supply chain partnership aligns with the growing trend of digitization and modernization in India's agricultural sector, positioning Bartronics India to leverage emerging opportunities in agri-tech and supply chain optimization.

Godawari Power & Ispat Limited announced a significant enhancement to its Battery Energy Storage System (BESS) project, expanding the total capacity from the originally planned 10 GWh to 40 GWh across two phases. The board approved this strategic expansion on December 12, with the complete project requiring a total investment of ₹1,625 crores compared to the initial ₹700 crores allocation.

Project Enhancement and Investment Details

The company's wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL), will implement the expanded BESS manufacturing project for battery packs and containers. The decision to increase capacity stems from the availability of a single-line unit capable of manufacturing 20 GWh Battery Energy Storage Systems annually in the first phase, enabling more effective land utilization and reduced building structural costs.

Two-Phase Development Strategy

The company outlined a comprehensive two-phase development approach for the BESS project. Phase 1 involves expanding capacity from 10 GWh to 20 GWh with an investment of ₹1,025 crores in FY2026-27. Phase 2 will further increase capacity from 20 GWh to 40 GWh in FY2028-29, requiring an additional investment of ₹600 crores, bringing the total project cost to ₹1,625 crores.

Operational Benefits and Cost Optimization

The enhanced 20 GWh single-unit manufacturing approach in Phase 1 is expected to deliver significant operational advantages. The company anticipates cost savings in BESS manufacturing and higher operating margins due to improved economies of scale. The single-line unit design enables better resource utilization while reducing overall investment requirements compared to multiple smaller units.

Funding Structure and Timeline

The project will be funded through a combination of debt financing to be raised by GNEPL and equity infusion by Godawari Power & Ispat Limited from internal accruals. The funding will be deployed in one or more tranches as the project progresses. The enhanced 20 GWh Phase 1 project is scheduled to commence commercial operations in Q1 FY2027-28, with Phase 2 completion targeted for FY2028-29.

Strategic Context

This expansion builds upon the company's earlier announcement from August 5, 2025, regarding the establishment of a BESS manufacturing unit. The enhancement reflects the company's commitment to scaling up its presence in the energy storage sector and capitalizing on the growing demand for battery energy storage solutions in India's renewable energy landscape. The 40 GWh total capacity positions the company as a significant player in the domestic battery energy storage manufacturing sector.