GMR Power and Urban

Aug 14 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• APPROVES FUNDRAISING UP TO 30 BILLION RUPEES VIA SECURITIES

• JUNE-QUARTER CONSOL NET LOSS 414.8 MILLION RUPEES

• JUNE-QUARTER CONSOL INCOME FROM OPERATIONS 17.05 BILLION RUPEES

Source text: ID:nBSE20Kj4R

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GMR Power and Urban Infra said its board would meet on August 14, 2026, to consider and approve unaudited standalone and consolidated results for the quarter ended June 30. The board would also consider an enabling resolution to raise up to ₹3,000 crore in one or more tranches through a qualified institutions placement, foreign currency convertible bonds or other securities, subject to shareholder and regulatory approvals. The resolution would be recommended to shareholders if approved by the board. The company had completed a ₹900 crore preferential allotment in January 2026, using the proceeds to repay borrowings of the company and its subsidiaries.

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June 19 (Reuters) - GeeCee Ventures Ltd GECE.NS:

• GEECEE VENTURES - INVESTS 9.9 MILLION RUPEES IN GMR POWER AND URBAN INFRA

Source text: ID:nNSE2MkFyc

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GMR Enterprises Private Limited, a promoter group entity of GMR Power and Urban Infra, has pledged 2.2 crore equity shares representing 2.82 per cent of the company's total paid-up capital. The pledge was created on June 15, 2026, in favour of Vistra ITCL (India) Ltd, acting as debenture trustee for GMR Infra Projects Private Limited. The shares were valued at ₹232 crore on the date of the event, securing unrated, unlisted non-convertible debentures worth ₹300 crore issued by GMR Infra Projects. The filing states the funds raised are for personal use by the promoters and their PACs. The encumbrance brings the total shares pledged by all promoter entities to 61.07 per cent of the promoter shareholding, a level that signals continued high financial leverage within the group.

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GMR Business and Consultancy LLP, a promoter group entity of GMR Power and Urban Infra, has pledged 2.55 crore equity shares representing 3.27 per cent of the company's total paid-up capital. The pledge was created on June 11, 2026, in favour of Vistra ITCL (India) Ltd, acting as debenture trustee for GMR Estate Management Private Limited. The shares were valued at ₹269 crore on the date of the event, providing partial cover for ₹1,400 crore of secured, unrated, unlisted non-convertible debentures issued by GMR Estate Management. The filing states the funds raised are for personal use by the promoters and their PACs. The encumbrance brings the total shares pledged by all promoter entities to 72.13 per cent of the promoter shareholding, a level that signals heightened financial leverage within the group. The disclosure comes days after a separate 16.6 per cent pledge by another promoter entity was reported to the exchanges.

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Vistra ITCL (India) Ltd, acting as debenture trustee, disclosed that an additional 12.97 crore equity shares representing 16.6 per cent of GMR Power and Urban Infra's total paid-up capital were pledged on June 11, 2026, to secure non-convertible debentures. The pledge brings the total number of shares under encumbrance with Vistra to 20.97 crore, or 26.85 per cent of the company's equity. The identity of the party that created the pledge was not specified in the disclosure, which was filed under SEBI's takeover regulations. The company's market capitalisation stood at roughly ₹8,228 crore at the time of reporting.

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GMR Estate Management, part of the GMR promoter group, plans to acquire up to 74.6 million shares representing a 9.55 per cent stake in GMR Power and Urban Infra from fellow promoter entity GMR Enterprises through off-market transactions. The deal, valued at roughly ₹800 crore at current market prices, is part of an internal restructuring aimed at consolidating the promoter group's holdings. Following the transfer, GMR Estate Management's stake will rise from 15.36 per cent to 24.92 per cent, while GMR Enterprises' shareholding will fall from 19.73 per cent to 10.18 per cent. The acquisition is exempt from making an open offer under SEBI's takeover regulations.

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GMR Estate Management, a promoter group entity of GMR Power and Urban Infra, has released a pledge over 12 crore equity shares representing 15.36 per cent of the company's paid-up capital. The shares were previously encumbered in favour of Catalyst Trusteeship Ltd, acting as debenture trustee for GMR Sports Venture Private Limited. The release was executed on June 2, 2026, and disclosed to exchanges on June 4. The move reverses a pledge that had been created just weeks earlier to secure additional debentures of ₹350 crore, suggesting the promoter group has repaid or refinanced the underlying obligation.

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** Shares of India's GMR Power and Urban Infra GMRP.NS down 6.87% to 108.41 rupees

** Stock set for highest intraday pct drop since March 30

** Engineering co posted a net loss of 1.12 billion rupees ($11.67 million) in Q4 vs a profit of 490.4 million rupees a year earlier

** Trading vols at 3.08 million shares about 1.6 times the 30 day avg of 1.99 million shares

** YTD stock up 4.3%

($1 = 95.9700 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

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Jan 29 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• DEC-QUARTER CONSOL NET LOSS 1.06 BILLION RUPEES

• DEC-QUARTER CONSOL INCOME FROM OPERATIONS 16.12 BILLION RUPEES

Source text: ID:nBSE2vTpKM

Further company coverage: GMRP.NS

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Oct 25 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• SEPT-QUARTER CONSOL NET PROFIT 2.55 BILLION RUPEES

• SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 13.84 BILLION RUPEES

Source text for Eikon: ID:nBSE6tc5Vn

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** Shares of GMR Power and Urban Infra GMRP.NS up 4.6% to record high of 156 rupees

** Co's core thermal assets are nearing optimal performance on coal tie-ups, power purchase agreements to the tune of ~90% capacity, and improving debt metrics, Emkay analysts said

** Brokerage initiates Street coverage on stock with "buy" rating and PT of 180 rupees

** Co's ~7.5 mln smart meter installation contract opens up lucrative asset-light business opportunity with Bosch for vertical integration and unleashing execution capabilities - Emkay

** Says co is focused on reducing debt on the back of strong cash flow, conversion of Foreign Currency Convertible Bonds into equity, and handover of Hyderabad-Vijayawada road project

** GMRP up 176% YTD, vs 27% and 58% gain in Engineers India ENGI.NS and Power Mech Projects POMP.NS, respectively

(Reporting by Aleef Jahan in Bengaluru)

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Aug 14 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• GMR POWER AND URBAN INFRA - RE-APPOINTS SRINIVAS BOMMIDALA AS MD

Source text for Eikon: ID:nBSE3D0rWK

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** Shares of HPL Electric & Power HPLE.NS surges 13% to a record high of 536.80 rupees

** Electric equipment maker on Thursday said it won orders worth 21.01 bln rupees ($251.6 mln) for supply of smart meters

** Stock up 88.3% YTD, top gainer among rival smart meter makers GMR Power GMRP.NS, Genus Power GEOE.NS, which are up ~67% and ~56% YTD, respectively

($1 = 83.5000 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

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June 28 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• GMR POWER AND URBAN INFRA - STATUS OF SETTLEMENT OF CLAIMS BY UNIT GMR HYDERABAD VIJAYAWADA EXPRESSWAYS WITH NHAI

• GMR POWER AND URBAN INFRA - BOTH PARTIES HAVE DECIDED TO AMICABLY SETTLE ALL DISPUTES WITHOUT FURTHER INTERVENTION OF COURT / TRIBUNAL

• GMR POWER AND URBAN INFRA - SETTLEMENT WAS AGREED BETWEEN BOTH PARTIES AS PER WHICH NHAI TO PAY 13.87 BILLION RUPEES TO GHVEPL AS CLAIM

• GMR POWER AND URBAN INFRA LTD - PROJECT WILL BE HANDED BACK TO NHAI ON JULY 1, 2024

• GMR POWER AND URBAN INFRA - GHVEPL HAS RECEIVED CLAIMS OF 8.5 BILLION RUPEES AS FIRST TRANCHE

• GMR POWER AND URBAN INFRA - BALANCE OF FIRST TRANCHE MONEY AND TOTAL SECOND TRANCHE AMOUNT OF 5.37 BILLION RUPEES TO BE RECEIVED ON HANDOVER DATE

Source text for Eikon: ID:nBSE7YmNf0

Further company coverage: GMRP.NS

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Feb 7 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• DEC-QUARTER CONSOL NET PROFIT 453.8 MILLION RUPEES VERSUS PROFIT 3.61 BILLION RUPEES

• DEC-QUARTER CONSOL INCOME FROM OPERATIONS 11.03 BILLION RUPEES VERSUS 14.43 BILLION RUPEES

Source text for Eikon: ID:nBSE2PQMF5

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** India's rising demand for electricity can be met with a final phase of coal capacity additions and better utilisation of existing thermal capacity, Axis Capital says in a note

** Forecasts the evening deficit during non-solar hours to exacerbate to 6% by FY27E (~15 GW) and 12% by FY32E (~42 GW)

** Sees longevity of the existing coal-based capacity with limited room for shutdown in the next decade

** Identifies NTPC NTPC.NS and JSW Energy JSWE.NS as its preferred picks in power sector; raises target price of NTPC to 300 rupees from 285 rupees earlier

** JSWE target price raised to 486 rupees from 450 rupees

** Expects CESC CESC.NS, Tata Power Company TTPW.NS, Adani Power ADAN.NS, Coal India COAL.NS, NLC India NLCI.NS, Bharat Heavy Electricals BHEL.NS, Larsen & Toubro LART.NS, GMR Power & Urban Infra GMRP.NS, Siemens SIEM.NS, Hitachi Energy India HITN.NS, Genus Power Infrastructures GEOE.NS, HPL Electric & Power HPLE.NS and Adani Energy Solutions ADAI.NS to also benefit from longevity of existing coal-based capacity

** India's monthly electricity demand hit record highs for four months in a row between May 2023 and August 2023

(Reporting by Bharath Rajeswaran in Bengaluru)

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Nov 2 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• ACQUIRED 100% STAKE IN GMR CONSULTING SERVICES FROM UNIT GMR ENERGY

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** Shares of GMR Power and Urban Infra GMRP.NS jump as much as 9.91% at 36.60 rupees

** Co said unit GMR Smart Electricity Distribution Pvt Ltd (GSEDPL) got letter of award worth about 24.7 bln rupees ($297.85 million)

** Work order from Dakshinanchal Vidyut Vitran Nigam Ltd for smart metering project in Uttar Pradesh

** Co on Tuesday said it increased stake in GSEDPL to 100% from 82%

** About 9.5 mln shares changed hands by 10:10 a.m. IST, 1.4x 30-day avg

** YTD stock has surged ~55%

($1 = 82.9275 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Sept 12 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• ACQUIRED 100% STAKE IN GMR SMART ELECTRICITY DISTRIBUTION FROM ITS UNIT GMR GENERATION ASSETS

Source text for Eikon: [ID:]

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** Shares of India's GMR Power and Urban Infra GMRP.NS jump as much as 19.9% to 34.1 rupees

** Shares on track for a third consecutive session of gains, if trend holds

** Co says its unit GMR Smart Electricity Distribution received letter of award for smart metering contract worth 51.23 billion rupees ($619.1 million) in Uttar Pradesh state

** Project to span over a period of 10 years

** More than 19 mln shares changed hands by 9:48 a.m. IST, 3.5x 30-day avg

** As of last close, stock up 23.4% YTD

($1 = 82.7550 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Aug 3 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• TO CONSIDER RAISING OF FUNDS OF UP TO 30 BILLION RUPEES IN ONE OR MORE TRANCHE(S), THROUGH ISSUE OF SECURITIES

Source text for Eikon: ID:nBSEbqT0kL

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** Shares of India's GMR Power and Urban Infra GMRP.NS surge as much as 19.9% to 24.15 rupees, in highest intraday climb since listing

** Shares post highest level since Dec 30, 2022

** Co said on Thursday that its unit GMR Smart Electricity Distribution received letter of intent for smart metering project in Uttar Pradesh state

** LOI from Purvanchal Vidyut Vitran Nigam and Dakshinanchal Vidyut Vitran Nigam

** Project to span over a period of 10 years

** Stock set to gain after two straight sessions of losses

** Co shares trading above below 50-day and 100-day simple moving averages for the first time since Sept 22, 2022

** More than 14.7 mln shares changed hands by 9:30 a.m. IST, 12.5x 30-day avg in busiest day since April 6, 2022

** YTD stock had risen about 5%

(Reporting by Hritam Mukherjee in Bengaluru)

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July 13 (Reuters) - GMR Power and Urban Infra Ltd GMRP.NS:

• UNIT GOT LETTER OF INTENT FROM PURVANCHAL VIDYUT VITRAN NIGAM, DAKSHINANCHAL VIDYUT VITRAN NIGAM

Source text for Eikon: ID:nBSE71Z5Nv

Further company coverage: GMRP.NS

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