Subsidiary5 Nov 2026, 04:43 pm
GMR Power Incorporates Renewable Energy Subsidiary
AI Summary
GMR Power and Urban Infra Ltd announced the incorporation of GMR Andhra Pradesh Renewable Energy-II Limited (GAPREL-II) as a wholly owned step-down subsidiary through its wholly owned subsidiary, GMR Energy Limited. GAPREL-II has been incorporated with a paid-up capital of ₹5 lakh to explore business opportunities in the renewable energy sector. The company stated that this incorporation does not fall under related party transactions, and the promoter/promoter group/group companies have no interest other than GAPREL-II being a subsidiary of GMR Energy Limited. GAPREL-II is yet to commence active business operations.
Key Highlights
- GMR Power's subsidiary GMR Energy incorporated a new step-down subsidiary.
- The new entity, GAPREL-II, will focus on renewable energy opportunities.
- GAPREL-II has an initial paid-up capital of ₹5 lakh.
- The incorporation is not considered a related party transaction.
- GAPREL-II is yet to commence active business operations.
Price Impact
More from GMRP&UI