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GMR Power and Urban Infra Ltd ( ($IN:GMRP&UI) ) has provided an announcement.
GMR Power and Urban Infra Ltd has announced that its wholly owned subsidiary, GMR Energy Limited, has incorporated a new step-down subsidiary, GMR Karnataka Renewable Energy-I Limited, with an initial paid-up capital of Rs. 5 lakh. The new entity will focus on developing renewable energy power plants in Karnataka, underscoring the group’s push into green power generation and potentially strengthening its position in India’s growing renewable energy market while expanding its regional footprint in the state.
More about GMR Power and Urban Infra Ltd
GMR Power and Urban Infra Ltd operates in the power and infrastructure sector through subsidiaries such as GMR Energy Limited, focusing on energy generation and related urban infrastructure. The group is increasingly aligning its portfolio with renewable energy initiatives, reflecting a strategic shift toward cleaner power sources in key Indian states.
Average Trading Volume: 200,448
Current Market Cap: 93.76B INR
See more insights into GMRP&UI stock on TipRanks’ Stock Analysis page.