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An announcement from GMR Power and Urban Infra Ltd ( ($IN:GMRP&UI) ) is now available.
GMR Energy Limited, a wholly owned subsidiary of GMR Power and Urban Infra Limited, has incorporated a new stepdown subsidiary, GMR Utkal Solar Power Limited, with an initial paid-up capital of Rs 1 lakh. The new entity, operating in the renewable energy space with a focus on generation and transmission of solar power, has been set up to develop a solar power project in Kamalanga, Odisha, marking a further push by the group into solar assets and reinforcing its strategic emphasis on clean energy within its overall power infrastructure business.
More about GMR Power and Urban Infra Ltd
GMR Power and Urban Infra Limited operates in the power and infrastructure sector through its wholly owned subsidiary GMR Energy Limited, with a focus on energy generation and related urban infrastructure. The group is expanding within the renewable energy segment, particularly solar power generation and transmission, as part of its broader power portfolio in India.
Average Trading Volume: 277,449
Current Market Cap: 78.77B INR
For detailed information about GMRP&UI stock, go to TipRanks’ Stock Analysis page.