Godawari Power and Ispat Limited is attracting investor interest following its announcement of a ₹50 crore investment in its subsidiary, Godawari New Energy Private Limited, to develop a battery energy storage plant. The stock has seen impressive gains, rising 692% over the last five years and 2,193% since its low of ₹11.60.

• 01Godawari Power and Ispat Limited invested ₹50 crore in its subsidiary for a battery energy storage project.
• 02The stock has surged 692% over the past five years.
• 03Godawari plans to set up a 20 GWh battery energy storage plant.
• 04The company is also developing a 1 million tonnes per annum integrated steel plant in Chhattisgarh.
• 05Recent share price recovery reached a record high of ₹304.95.

The investment in the battery energy storage plant and the integrated steel plant could create jobs and boost the local economy in Raipur, Chhattisgarh.