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Latest news about GMR Power & Urban Infra

GMR Power Unit Successfully Refinances ₹2,700 Crore Debt, Reduces Borrowing Cost by 265 Basis Points 2 days ago

GMR Power & Urban Infra's subsidiary, GMR Kamalanga Energy Limited (GKEL), has refinanced its existing debt of ₹2,700 crores. The new arrangement reduces borrowing costs from 12.15% to 9.50% per annum, with potential for further reduction to 9.25% subject to credit rating upgrade. This refinancing is expected to generate annual interest savings of ₹72-75 crores in the first full year of operations.

GMR Power and Urban Infra Approves ₹12,000 Crore Capital Raise Through Equity and Warrants 7 days ago

Vistra ITCL Boosts GMR Power Share Pledge for NCD Security Nov 17, 2025

GMR Power Promoters Pledge Shares for Rs 300 Crore Debt Nov 14, 2025

Vistra ITCL Releases 3.6 Crore GMR Power & Urban Infra Shares from Encumbrance Nov 13, 2025

More news about GMR Power & Urban Infra

01Oct 25

GMR Power and Urban Infra Limited Shareholders Approve Re-appointment of Three Independent Directors

GMR Power & Urban Infra Limited held its 6th AGM on September 29, 2025. Shareholders approved the re-appointment of three Independent Directors: Mr. Shantanu Ghosh, Dr. Fareed Ahmed, and Ms. Suman Naresh Sabnani, for a second five-year term. Other approved resolutions included adopting financial statements, re-appointing statutory auditors, appointing secretarial auditors, ratifying cost auditors' remuneration, and approving fund-raising through equity shares or other eligible securities. The re-appointment of Independent Directors received over 99% votes in favor, while the fund-raising resolution passed with 96.16% approval.

22Sept 25

GMR Power And Urban Infra: Promoter Encumbers 77.19% of Shareholding

GMR Enterprises Private Limited, the promoter of GMR Power & Urban Infra Limited, has encumbered 77.19% of its shareholding. This encumbrance exceeds both 50% of promoter holding and 20% of the company's total share capital. A specific pledge of 9.5 million shares (1.33% of total share capital) was made to Arka Fincap Limited, an NBFC, against a facility of ₹263.32 crore. The borrowed amount of ₹100 crore is intended for personal use by the promoters, with a security cover ratio of 2.63. This significant encumbrance is likely to draw attention from investors, regulators, and market analysts.

11Sept 25

Supreme Court Upholds Pro-Rata Coal Allocation for GMR Kamalanga Energy

The Supreme Court dismissed appeals by Haryana and Odisha Distribution Licensees, upholding the Appellate Tribunal for Electricity's 2019 judgment on proportionate allocation of linkage coal among three state DISCOMs. This allows GMR Kamalanga Energy Limited (GKEL), a subsidiary of GMR Power and Urban Infra Limited (GPUIL), to recover outstanding payments with interest from Haryana Discoms. The ruling provides operational clarity on coal allocation and sets a precedent for equitable resource distribution in the power sector.

08Sept 25

GMR Power & Urban Infra Promoter Pledges 10.5 Million Shares to NBFC

GMR Enterprises Private Limited, the promoter of GMR Power & Urban Infra Limited, has pledged 10.5 million shares (1.47% of total share capital) to Arka Fincap Limited. This brings the total encumbered promoter shareholding to 77.19%, exceeding 20% of the company's total share capital. The pledged shares are valued at ₹1,173.48 crores against a borrowed amount of ₹500 crores, providing a security cover ratio of 2.35. The pledge was made for personal use by the promoters.

25Aug 25

GMR Power And Urban Infra Approves 30 Billion Rupee Fundraising Resolution

GMR Power & Urban Infra's board has approved an enabling resolution to raise funds up to ₹3,000 crore (30 billion rupees). This decision provides the company with financial flexibility and the potential to pursue growth opportunities in the power and urban infrastructure sectors. The approval is for an enabling resolution, meaning the company now has the option to raise these funds, but the actual fundraising process will depend on market conditions and specific needs.

22Aug 25

GMR Power & Urban Infra Issues Postal Ballot Notice for ₹1,200 Crore Fund Raising

GMR Power & Urban Infra has issued a postal ballot notice seeking shareholder approval for its ₹1,200 crore fund-raising through preferential issue of equity shares and convertible warrants. The e-voting process runs from December 18, 2025 to January 16, 2026, with proceeds intended for debt repayment and general corporate purposes.

19Aug 25

GMR Power and Urban Infra Limited to Consider ₹3000 Crore Fund Raising Proposal

GMR Power & Urban Infra Limited (GPUIL) has announced a Board of Directors meeting on August 22, 2025, to consider a proposal for raising funds up to ₹3000 Crore. The fund-raising could be through Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), or other securities, in one or more tranches. The proposal is subject to shareholder, regulatory, and statutory approvals. This move indicates GPUIL's intent to strengthen its financial position for potential expansion or debt reduction.

30Jul 25

GMR Power and Urban Infra Reports Q1 Profit, Appoints Key Auditors

GMR Power & Urban Infra Limited (GPUIL) reported a net profit of Rs. 24.17 crore in Q1, compared to a loss of Rs. 204.19 crore in the same quarter last year. Revenue decreased to Rs. 94.30 crore from Rs. 130.50 crore. EBITDA was Rs. 69.53 crore. The Board approved reappointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors, appointed M/s. V Sreedharan & Associates as Secretarial Auditor, and M/s. JSN & Co. as Cost Auditor. Mr. Madhva Bhimacharya Terdal transitioned from Executive Director to Non-Executive Non-Independent Director. Power segment remained the largest revenue contributor at Rs. 1,349.90 crore.

14Apr 25

GMR Power & Urban Infra to Divest Stakes in Three Power Projects, Aims to Reduce Debt by ₹4,400 Crore

GMR Power & Urban Infra Limited (GPUIL) has signed an agreement with Synergy Investments Holding Limited to sell its interests in two gas-based power plants and one hydro-electric project for ₹653 crore. The transaction is expected to reduce GPUIL's debt by approximately ₹4,400 crore and is set to complete by September 30, 2025. The divestment includes stakes in GMR Bajoli Holi Hydropower (79.86%), GMR Vemagiri Power Generation (51%), and GMR Rajahmundry Energy (51%). This move aligns with GPUIL's 'Asset Light Asset Right' strategy, aiming to deleverage its balance sheet and spin off non-operational assets.