20-Aug-2025      10:04

GMR Power gains as board to consider Rs 3,000-cr fundraising on August 22

In an exchange filing, the company said it plans to raise up to Rs 3,000 crore in one or more tranches through instruments such as Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), or any other securities. The proposed fundraising will be taken up as an enabling resolution and will be subject to shareholders' approval as well as other statutory and regulatory clearances, wherever applicable.

GMR Power and Urban Infra a subsidiary of GMR Enterprises (GEPL) holds expertise in the sectors of Energy, Urban Infrastructure and Transportation. Urbanization has given the country rapid growth and contributing towards this growth, GMR Group ventured into this business sector.

The company reported a consolidated net loss of Rs 7.80 crore in Q1 FY26 as against a net profit of Rs 1,225.15 crore in Q1 FY25. Revenue from operations rose 2.3% YoY to Rs 1,648.45 in the quarter ended 30 June 2025.

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