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 |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.