GMR Power and Urban Infra starts trading in bourses

23 Mar 2022 , 10:19 AM

The stock hit a lower circuit of 5% at Rs 44.20. After opening at Rs 46.50, it hit a high of Rs 48.80 in initial deals.

The scrip will be in Trade-for-Trade segment for the first 10 trading days.

GPUIL demerged from GMR Infra. The GMR Group split its airport and non-airport businesses. GMR Infrastructure Limited (GIL) on 11 January 2022 became the first pure-play airport company listed on Indian bourses.

The non-airport business of GMR Group–energy, urban infrastructure, EPC services–were moved to GPUIL as a going concern.

GPUIL holds expertise in the sectors of energy, urban infrastructure and transportation.

GMR energy sector has an installed capacity of over 3000 MW and has a balanced fuel mix of coal, gas, LSHS as well as renewable sources of wind and solar energy.

The Groups transportation business focuses on surface transport projects including Roads, Railways, Airstrips/ Runways in both DBFOT (under GMR Highways) and EPC (under GIL – EPC) segments. With six operating assets adding to total length of over 2,400 Lane kms of Roads & Highways.

It is also developing a 2101 Acres (850 Ha) multi-product Special Investment Region (SIR) at Krishnagiri, Tamil Nadu, the division aims at creating state of the art establishments that are sustainable.

Powered by Capital Market – Live News