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GMR's non-airport units to list on BSE, NSE tomorrow; all you need to know

GPUIL acquired the non-airport business of the GMR Group from GIL and has "some of the best-in-class infrastructure assets in India, which include state-of-the-art power plants and renewable energy assets, highways, and special investment regions"

March 23, 2022 / 09:48 IST
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The equity shares of GMR Power and Urban Infra Limited (GPUIL) will start trading on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) from tomorrow, a press release said.

GPUIL is the new entity into which the non-airport businesses of GMR Group have been demerged. The scrip will trade under the script ID GMRP&UI. BSE and NSE have issued necessary circulars in this regard.

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Being a newly listed entity, the scrip will trade in the Trade-to-Trade category/ T Group of Securities for the first 10 trading days. According to the press release, GPUIL acquired the non-airport business of the GMR Group from GIL and has "some of the best-in-class infrastructure assets in India, which include state-of-the-art power plants and renewable energy assets, highways, and special investment regions".

GPUIL has a total power generation capacity of around 4.8 GW, of which roughly 2.8 GW is commissioned. The company operates two solar power plants -- at Patan in Gujarat and at Rajam in Srikakulam district of Andhra Pradesh -- as well as two wind-based power plants -- a 1.25 MW facility at Tirupur in Tamil Nadu and a 2.1 MW facility at Kutch district in Gujarat.