GMRP&UI

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

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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

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

• GMR GROUP RECEIVES LOA FOR SMART METERING PROJECT FROM DAKSHINANCHAL VIDYUT VITRAN NIGAM LIMITED

• RECEIVED LOA TO IMPLEMENT SMART METERING PROJECT IN DAKSHINANCHAL, UTTAR PRADESH

• TOTAL CONTRACT VALUE FOR AGRA & ALIGARH ZONE IS ABOUT 24.7 BILLION RUPEES

• PROJECT WILL BE SPANNED OVER A PERIOD OF 10 YEARS

Source text for Eikon: ID:nNSE4NQvQ

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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

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