Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Godawari Power & Ispat Ltd. ( (IN:GPIL) ).
Godawari Power & Ispat Ltd. has announced the acquisition of 73,950,000 preference shares of its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL), for Rs. 73.95 Crores. This investment is aimed at supporting the capital expenditure and working capital needs for establishing a 20 GWh Battery Energy Storage System Plant, positioning the company to enhance its capabilities in the energy storage sector.
More about Godawari Power & Ispat Ltd.
Godawari Power & Ispat Ltd. operates in the energy sector, focusing on the production and development of energy solutions. The company is involved in the setup of battery energy storage systems, which are crucial for efficient energy management and sustainability.
Average Trading Volume: 151,116
Technical Sentiment Signal: Strong Buy
Current Market Cap: 159.7B INR
Learn more about GPIL stock on TipRanks’ Stock Analysis page.