Godawari New Energy to Invest INR 1,625 Cr to Establish 40 GWh BESS Manufacturing Plant in Maharashtra
Godawari Power and Ispat has scaled up its BESS manufacturing foray, revising plans to a 40 GWh facility in Maharashtra through its subsidiary Godawari New Energy with a total investment of INR 1,625 crore, to be developed in two phases.
December 19, 2025. By Mrinmoy Dey
The company has increased the capacity of the said project to 40 GWh at an investment of INR 1,625 crore from its previously announced plan of setting up a 10 GWh plant for manufacturing battery pack and containers at a cost of INR 700 crore.
The company plans to develop the facility in Maharashtra in two phases. In the first phase, the company will develop 20 GWh at an investment of INR 1,025 crore. The plant is expected to be commissioned in FY26-27. The Phase 2 capacity of another 20 GWh is expected to be operationalised in FY28-29, at an additional investment of INR 600 crore.
“The decision to increase in project capacity from 10 GWh to 20 GWh is in view of availability of single line unit for manufacture of 20 GWh Battery Energy Storage System per annum, which in turn enables the effective land utilisation, lower building structural cost and overall lower investment in setting up of 20 GWh line. Further with single unit for manufacture 20 GWh, the company expects the saving in cost of manufacture of BESS and higher operating margins,” the company stated in a regulatory filing.
It further added that the cost of setting up of 20 GWh BESS project is expected to be INR 1,025 crore as against cost of INR 700 crore envisaged for the 10 GWh BESS project and the 20 GWh project is expected to commence its commercial operations in Q1 FY2027-28.
“The project shall be funded partly by debt to be raised by GNEPL and partly by equity infusion by GPIL from internal accrual of the company in one or more tranches,” it said.
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