Godawari Power and Ispat’s wholly owned subsidiary -- Godawari New Energy (GNEPL) has entered into a supply agreement with EVE Power Co. (EVE Power), a Company incorporated in Republic of China, for purchase of key battery raw materials that is LFP Cells by GNEPL for manufacturing of First phase of 20 Gwh of Battery Energy Storage Containers upon commercial terms mutually decided by the GNEPL and EVE Power. 

The supply agreement with EVE Power for LFP Cells is a 5-year long term contract for 628 Ah LFP Cells and this supply agreement provides crucial benefits by securing a stable, reliable, and cost-effective supply chain, ensuring consistent quality, and enables better long-term planning for GNEPL. The supply agreement with EVE Power is a major milestone towards manufacturing BESS.

The EVE Power is engaged in the business of manufacturing and supply of lithium battery cells and solutions for consumer batteries, power batteries and energy storage batteries, etc. EVE is one of the leading manufacturers of LFP Cells in China and with this tie up GNEPL has assured that they get Grade 1 cells for their BESS Assembly line.

Godawari Power and Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business.