GMR Power and Urban Infra Announces Subsidiary Formation for Renewable Energy Initiatives
GMR Power & Urban Infra Limited announced the incorporation of GMR Andhra Pradesh Renewable Energy-I Limited (GAPREL) as a wholly-owned subsidiary of its subsidiary, GMR Energy Limited. The new entity was incorporated on March 19, 2026, and has a current paid-up capital of Rs. 5 lakh.GAPREL is intended to explore business opportunities in the renewable energy sector. The company noted that GAPREL is yet to engage in active business operations.
The incorporation does not constitute a related party transaction, and the promoter/promoter group/group companies of GMR Power & Urban Infra Limited do not have any interest in GAPREL beyond its relationship as a subsidiary of GMR Energy Limited.
Key details regarding GAPREL are summarized in the table below:
| Particulars | Details |
|---|---|
| Name of the target entity | GMR Andhra Pradesh Renewable Energy-I Limited (GAPREL) |
| Current Paid-up Capital | Rs. 5 lakh |
| Industry | Renewable Energy |
| Objects | Generation and Transmission of Power through renewable resources |
| Shareholding | GEL currently holds 100% stake in GAPREL |
| Incorporation Date | March 19, 2026 |
| Consideration | Subscription to the Memorandum of Association |
| Cost of Acquisition | 50,000 equity shares of Rs. 10 each |
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