About GMR Power and Urban Infra Limited

GMR Power and Urban Infra Limited (GPUIL) is a public limited company incorporated in 2019. It operates across Energy, Roads, Smart Meter Infrastructure and Urban Infrastructure in India, anchored by large thermal assets at Kamalanga and Warora alongside projects in transportation and urban infrastructure domains. The Group’s activities include power generation (coal-based thermal, hydropower, solar and wind), development and operation of highways, Engineering-Procurement-Construction (EPC) for highways and railways, development of Special Investment Region (SIR), and installation of smart meters. GPUIL’s footprint spans India and select international locations. 

In India, it operates (by itself and through subsidiaries, JVs and associates) across Delhi, Karnataka, Maharashtra, Odisha, Tamil Nadu, Uttar Pradesh, Andhra Pradesh and Himachal Pradesh; internationally, it has presence in Nepal, Indonesia and Dubai. As on March 31, 2025, the Company had 71 subsidiary companies (apart from associates and joint ventures). Operationally, the Group had 13 plants and 39 offices in India, and 3 international offices during the year. Key milestones in the year included the conversion of USD 275 million FCCBs into 11,12,41,666 equity shares on July 10, 2024, and recognition of an exceptional gain following waiver of accrued interest by the FCCB holders.

GMR Power and Urban Infra Limited’s Business Segments

• Energy Generation: 84.03% of consolidated turnover (coal-based thermal, hydropower, solar and wind).
• Road Transport: 6.25% (development, operation and maintenance of highways).
• EPC & Others: 4.66% (EPC solutions for highways and railways, development of SIR and others).
• Smart Meter Infrastructure: 5.05% (installation of smart meters).

GMR Power and Urban Infra Limited’s Key Management

• G. M. Rao – Chairman
• Srinivas Bommidala – Managing Director
• Grandhi Kiran Kumar – Group Director
• B. V. N. Rao – Group Director
• G. Subba Rao – Executive Director
• Suresh Bagrodia – Chief Financial Officer
• Vimal Prakash – Company Secretary & Compliance Officer

Latest Updates on GMR Power and Urban Infra Limited

• FCCB Conversion: On July 10, 2024, USD 275 million 7.5% FCCBs were converted into 11,12,41,666 equity shares; the holders waived outstanding accrued interest of Rs 1,175.75 crore, recorded as an exceptional gain in FY 2024–25 consolidated financials.
• Capital Structure: Consequent to the FCCB conversion, the issued, subscribed and paid-up share capital increased to Rs 357.42 crore as on March 31, 2025 (from Rs 301.80 crore as on March 31, 2024).
• Debentures: The Board approved issuance of 15,026 listed, rated, secured, redeemable NCDs of Rs 1,00,000 each (aggregate up to Rs 150.26 crore) at a coupon of 10.9277% p.a.; all installments and interest were serviced during FY 2024–25, and the Company completed full and final payment on June 11, 2025.
• Portfolio Actions: The Board gave in-principle approval to divest non-operating/stressed assets (GBHHPL, GVPGL and GREL); on April 13, 2025, GPUIL and group subsidiaries signed a framework agreement with Synergy Investments Holding Limited regarding GBHHPL, with the investment shown as “assets held for sale”.

Investments and Structure Changes: GPUIL acquired 26% in Portus Ventures Private Limited during the year; GEL acquired an additional 50% in GTOMPL on March 27, 2025. During FY 2024–25, GMR Operations and Maintenance Private Limited changed status from associate to subsidiary; NREPL and GMR Infrastructure (UK) Ltd ceased to be subsidiaries.