Godawari Power & Ispat Ltd, an integrated steel company, has announced a proposed capital expenditure of INR 16 billion for two major expansion initiatives, as per its board resolution dated 5 August 2025.
The first project envisages a 0.70 MTPA cold‑rolling mill to be built at Village Sarora, Tehsil Tilda, District Raipur, Chhattisgarh, with an estimated cost of INR 9 billion. This capex is expected to be financed with INR 6 billion in debt and INR 3 billion in equity, covering pre‑operative expenses, inter‑corporate deposits, and working capital requirements.
Through its wholly‑owned subsidiary, Godawari New Energy Pvt Ltd, the company plans the second project: establishing a 10 GWh battery energy storage system (BESS) plant. The total investment requirement is pegged at INR 7 billion, to be funded with 60 percent debt raised by the subsidiary and 40 percent equity infusion from the parent company.
Headquartered in Chhattisgarh, Godawari Power & Ispat is an integrated steel company operating across the entire value chain—from captive iron‑ore mining and pellet production to finished steel output using integrated steel plants. In recent years, the company has diversified its operations through strategic reinvestments and acquisitions in non‑ferrous recycling and OPVC pipe manufacturing, while gradually reducing debt and enhancing resource efficiency.
While the board approved these proposals, independent media coverage and official filings verifying the specific projects (cold‑rolling mill and BESS plant) remain unavailable at this time. These disclosures should be corroborated with formal regulatory filings or confirmed press releases for full validation.