Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

Godawari New Energy Plans Rs 1,625-Crore Investment for 40 GWh BESS Manufacturing Facility in Maharashtra

Godawari Power and Ispat Limited (GPIL), part of the HIRA Group, has significantly expanded its battery energy storage systems (BESS) manufacturing ambitions through its newly established subsidiary, Godawari New Energy. The company has revised its project scope to develop a 40 GWh manufacturing facility in Maharashtra, involving a total investment of Rs1,625 crore.

This marks a substantial scale-up from GPIL’s earlier proposal, which envisaged a 10 GWh battery pack and container manufacturing plant with an outlay of Rs700 crore. The revised plan reflects the company’s strategy to leverage operational efficiencies and improve cost competitiveness in large-scale BESS production.

The proposed facility will be implemented in two phases. Phase I will involve setting up 20 GWh of manufacturing capacity at an investment of Rs1,025 crore, with commissioning targeted for FY 2026–27. The second phase will add another 20 GWh of capacity, expected to become operational in FY 2028–29, requiring an additional investment of Rs600 crore.

In a regulatory filing, the company explained that the capacity enhancement is driven by the availability of a single-line manufacturing unit capable of producing 20 GWh of BESS annually. This configuration is expected to optimise land use, reduce building and structural costs, and lower the overall capital expenditure per unit of capacity. The company also anticipates reduced manufacturing costs and improved operating margins with the larger-scale setup.

GPIL further noted that while the capital requirement for a 20 GWh facility stands at Rs1,025 crore compared to the earlier estimate of Rs700 crore for a 10 GWh plant, the expanded project offers superior economic and operational advantages. Commercial operations for the first phase are expected to commence in the first quarter of FY 2027–28.

The project will be financed through a mix of debt raised by Godawari New Energy Private Limited and equity infusion from GPIL, funded through the company’s internal accruals in one or more tranches.