Gmr Energy

IREDA shares surged following the signing of a MoU with SJVN Ltd. and GMR Energy Ltd. for the development of the 900 MW Upper Karnali hydro-electric project in Nepal.

Coal supply drops at power plants as floods hit offtake, delivery

Coal stock is at 'super-critical' level and at two of the 110 power stations nominated, it is enough to last for less than four days.

GMR finds buyer for its barge-mounted power plant for $ 63 mn

According to a regulatory filing, the infrastructure major has said that GMR Energy Ltd (GEL) will enter into a definitive agreement with the buyer soon.

GMR Infra sees reduction in debt by end of FY17

GMR Infrastructure announces the completion of their strategic investment by Tenaga in GMR Energy unit. In an interview to CNBC-TV18, Madhu Terdal, Group CFO of GMR Infrastructure spoke about the same and gave his outlook for the company.

GMR Energy seals 30% stake sale to Tenaga for USD 300 mln

GEL and TNB had announced this strategic partnership in May 2016 and the allotment of shares marks the completion of this landmark transaction in the power sector, it said.

Singapore snaps up 17 M&As in India

As many as 17 merger and acquisition (M&A) deals with a combined investment of USD 940 million have been made by Singapore companies with the Indian enterprises in the first half of this year, a global valuation services firm said.

Adani Transmission deal to help GMR Energy pare Rs 324 cr debt

Adani Transmission will acquire 74 percent shares of Maru Transmission Service and 49 percent shares of Aravali Transmission Service of GMR Energy, says Parag Parikh, CFO at GMR Energy.

GMR Energy offloads stake to Adani Transmission for Rs 100 cr

"GMR Energy (GEL), a subsidiary of GMR Infrastructure (GIL), has entered into definitive agreements with Adani Transmission (ATL) wherein GEL has agreed to transfer the interest in its transmission projects - Maru Transmission Services (MTSL) and Aravali Transmission Services (ATSL) - to ATL," GMR said in a BSE filing.

India Inc May M&A deal tally falls 9% to $1.9 bn

According to the global tax, audit and assurance firm, there were 37 M&A deals worth USD 1,861 million in May while in the same period last year there were 47 deals worth USD 2,046 million.

Moody's rate Tenaga credit negative on debt in GMR deal

The proposed transaction is credit negative for Tenaga because it will reduce the company's liquidity and, depending on the funding mix, increase its adjusted debt.

GMR Infra likely to sell stake in energy subsidiary

CNBC-TV18 learns that a foreign strategic investor is close to picking a minority stake of 30 percent through fresh equity issuance in GMR Energy for Rs 1,500 crore.

GMR Infra up 5%, subsidiary gets gas for 2 power plants

GMR Energy said two of its gas based plants - GMR Vemagiri Power Generation (GVPGL) and GMR Rajahmundry Energy (GREL) - in Andhra Pradesh have awarded allocation of gas through a fresh round of e-bidding conducted by the Government of India on September 15.

Govt sets up panel on UMPP bids; group to meet this week

The 5-member panel includes Pratyush Sinha (ex-Central Vigilance Commissioner), Pramod Deo (ex-CERC Chairman) and R N Choubey, Special Secretary, Ministry of Power.

Govt to decide fate of Odisha, TN UMPPs tomorrow

After the withdrawal of private players from the bidding process, the government will tomorrow decide whether to accept the sole bid of NTPC for proposed ultra mega power projects in Odisha and Tamil Nadu.

No fixed returns now on GMR Energy for investors: Terdal

GMR Energy has given a part-exit to IDFC, Temasek and other investors by giving them a stake in GMR Infra through CCPS.

CoalMin decides to deallocate 28 blocks

The move comes in the wake of the panel on coal blocks, reviewing the progress of development of 61 coal blocks.

GMR may exit part of its Nepal assets: Sources

The company is right now assessing valuation of its Nepal assets, which could be in the range of Rs 1000 crore.

Show-cause notices soon to allottee of 7 mines

The Inter-Ministerial Group (IMG) on coal blocks had earlier recommended issuing show-cause notices to the mines which was accepted by the Coal Ministry.

Issue notices to coal mines allocatees under scanner: IMG

The inter-ministerial group on coal blocks has recommended issuing show cause notices to allocatee of mines including the one jointly given to ArcelorMittal, Sterlite Energy, Lanco and Reliance Energy, which are named in FIR registered by CBI.

GMR Infra up 4% as group sells 70% stake in GMR Energy

GMR Infrastructure rose more than 4 percent in early trade on Tuesday as the GMR group sold its 70 percent stake in GMR Energy.

NHPC in talks with private players for hydel projects

NHPC is in early stage of talks with private players to form joint ventures for developing hydel power plants as a move to fast-track several of its projects facing delays.

What's tripping power cos? Fuel availability, say experts

The shortage of fuel availability is the main problem faced by power producers, say experts.

GMR to sell 30% stake in GMR Energy; stock reacts

GMR Infrastructure touched an intraday high of Rs 27.95 and an intraday low of Rs 27.40. At 09:22 hrs the share was quoting at Rs 27.55, up Rs 0.65, or 2.42%.

GMR to sell 30% stake in Singapore subsidiary to Petronas

GMR Infrastructure today said it would sell 30% stake in its Singapore-based subsidiary GMR Energy to Malaysian oil and gas major Petronas for an undisclosed amount.

GMR Infrastructure moves up smartly

GMR Infrastructure touched an intraday high of Rs 30.90 and an intraday low of Rs 30. At 09:40 hrs the share was quoting at Rs 30.85, up Re 1, or 3.35%.