GMR Power & Urban Infra has extended corporate guarantee in favour of IREDA for loan of Rs. Rs. 440 crore each to the project SPVs (GMR Agra Smart Meters, GMR Kashi Smart Meters and GMR Triveni Smart Meters), till Commercial operation date (COD).GMR Smart Electricity Distributions (GMRSED), a subsidiary of GMR Power & Urban Infra, is implementing the smart meter project through these SPVs. The project entails installation, integration and maintenance of 75.69 lakh smart meters for the following Zones of U.P.:1. Purvanchal Vidyut Vitran Nigam Limited (PuVNL) for two zones (Varanasi, Azamgarh zone & Prayagraj, Mirzapur zone) and ii. Dakshinanchal Vidyut Vitran Nigam Limited (Agra and Aligarh zone). IREDA has sanctioned in aggregate total project loan of Rs. 2128 crore (to be disbursed in tranches) to three project SPVs formed for the purpose of implementation of the smart metering business.Powered by Capital Market - Live News

Net profit of GMR Power & Urban Infra reported to Rs 255.11 crore in the quarter ended September 2024 as against net loss of Rs 105.29 crore during the previous quarter ended September 2023. Sales rose 120.58% to Rs 1384.09 crore in the quarter ended September 2024 as against Rs 627.49 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1384.09627.49 121 OPM %29.7317.23 - PBDT183.09-112.76 LP PBT29.30-152.85 LP NP255.11-105.29 LP Powered by Capital Market - Live News

GMR Power & Urban Infra will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live News

GMR Power & Urban Infra announced that the Annual General Meeting (AGM) of the company will be held on 16 September 2024.Powered by Capital Market - Live News

Net profit of GMR Power & Urban Infra reported to Rs 1225.15 crore in the quarter ended June 2024 as against net loss of Rs 205.30 crore during the previous quarter ended June 2023. Sales rose 43.38% to Rs 1611.87 crore in the quarter ended June 2024 as against Rs 1124.22 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1611.871124.22 43 OPM %31.8216.96 - PBDT198.44-13.11 LP PBT13.19-51.64 LP NP1225.15-205.30 LP Powered by Capital Market - Live News