Long-Term Raw Material Tie-up
Godawari Power Secures Long-Term LFP Battery Supply Deal for 20 GWh BESS Project
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Godawari Power & Ispat Limited (through its subsidiary GNEL) has entered into a long-term supply agreement with China-based EVE Power for procurement of LFP battery cells. The agreement supports its 20 GWh Battery Energy Storage System (BESS) project and ensures a stable supply chain.
PRICE-SENSITIVE TRIGGER
Event: Strategic Supply Agreement
Type: Long-Term Raw Material Tie-up
Impact: Positive
Immediate Effect: Secures supply chain for large-scale energy storage project
Key Metrics
Project Scale
- BESS Capacity: 20 GWh (Phase 1)
Supply Agreement
- Supplier: EVE Power Co. Ltd (China)
- Product: Lithium Ferro Phosphate (LFP) Cells
- Contract Duration: 5 YearsLong-term supply secured for 20 GWh battery project
Technical Details
- Cell Type: 628 Ah LFP Cells
Highlights
Long-term supply secured for 20 GWh battery project
What Happened ?
Godawari Power & Ispat Limited announced that its wholly owned subsidiary, Godawari New Energy Pvt Ltd (GNEL), has signed a supply agreement with EVE Power.
The agreement ensures procurement of LFP battery cells for its upcoming BESS manufacturing operations.
Details Breakdown
Strategic Importance
- Secures critical battery raw material supply
- Reduces supply chain risk for large-scale BESS project
- Ensures consistent quality and cost efficiency
Supplier Profile
- EVE Power is a leading LFP battery manufacturer in China
- Provides Grade 1 cells for energy storage
Business Significance
- Key milestone for entry into energy storage segment
- Aligns with India’s renewable energy and storage push
- Enables long-term project planning
Risk Analysis
Key Risks
- Dependence on foreign supplier (China exposure)
- Commodity and battery price volatility
- Execution risk in scaling BESS manufacturing
Worst Case Scenario
Supply disruptions or geopolitical tensions could impact project execution.
Risk Level: Medium
Company Commentary
- Agreement ensures stable and reliable supply chain
- Supports long-term BESS manufacturing strategy
- Marks major milestone for GNEL
Official Exchange Filing: Godawari Power & Ispat Limited