On April 14, 2026, Indian industrial heavyweight Godawari Power and Ispat Limited (GPIL) announced that its wholly owned subsidiary, Godawari New Energy Private Limited (GNEPL), has entered into a five-year battery cell supply agreement with EVE Power, a subsidiary of China’s EVE Energy.
The deal, disclosed through a formal regulatory filing, is set to provide the core cells for the first phase of GNEPL’s planned 20 GWh battery energy storage system (BESS) manufacturing project. While the total contract value, annual supply volume and project production site have not been disclosed, both parties described the commercial terms as mutually agreed.
Under the agreement, EVE Power will supply its latest-generation 628 Ah prismatic LFP cells. Each cell features a nominal voltage of 3.2 V and a capacity of roughly 2.01 kWh, manufactured through a laminated stacking process and equipped with a suite of advanced safety designs. LFP chemistry offers inherent advantages of superior thermal stability, extended cycle life and lower cost compared with other lithium-ion technologies, making it the mainstream choice for stationary energy storage applications globally.
The 628 Ah format, a large-capacity prismatic cell specification, aligns with the industry-wide trend toward larger-format cells, which help reduce system complexity and assembly costs. By locking in this multi-year supply agreement, GNEPL is essentially securing a stable, cost-competitive supply of core cells, de-risking the timely commissioning of its 20 GWh storage project and insulating itself from potential raw material price volatility and supply chain disruptions.
India has mandated energy storage co-location with new solar and wind projects, driving a rapid expansion of local storage system manufacturing capacity. However, the country’s upstream cell manufacturing segment remains hampered by weak technological maturity and insufficient production capacity. EVE Energy’s LFP cell supply agreement directly addresses the pressing need of Indian developers for reliable, high-performance and cost-effective cells, cushioning them from supply chain upheavals and cost spikes. As such, the deal is emerging as a critical enabler for the growth of India’s indigenous energy storage industry.
India is the largest economy in South Asia and one of the fastest-growing countries in the global renewable energy and energy storage markets. By partnering with Indian companies, EVE Energy directly enters the core market of South Asia, laying the foundation for the subsequent expansion of energy storage projects in India and neighbouring countries (such as Bangladesh, Sri Lanka, Nepal, etc.), thereby creating a regional market spillover effect.
Source: WeChat Official Account——跨境出海产业对标发展促进中心
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