Godawari Power and Ispat shares are trading close to their record high levels after the company announced a major development in its energy storage business.

The company said its wholly owned subsidiary, Godawari New Energy Private Limited, has signed a key supply agreement with Shanghai Shenyi Roche Energy Technology Limited on April 23, 2026. The agreement covers the supply of the Balance of System for a 5 MWh DC Block on a CKD basis.

This signifies the initial stage of GNEPL’s ambitious 20 GWII Battery Energy Storage System (BESS) initiative in Sambhajinagar.

The collaboration is anticipated to provide GNEPL with a dependable, efficient, and cost-effective supply chain, guaranteeing consistent quality as it increases BESS production. Roche Energy contributes its expertise in energy storage design, manufacturing, material provision, and technological support, with competencies covering grid, source, and user-side storage options.

This strategic partnership is expected to enhance Godawari Power and Ispat’s manufacturing capabilities and further extend its footprint in the rapidly evolving energy storage sector.