CMP- 117

🔹 Company Overview

  • Subsidiary of: GMR Energy Projects Ltd (GEPL)
  • Core Areas: Energy, Urban Infrastructure, Transportation
  • Part of: GMR Group, founded by G.M. Rao in 1978

🔹 Business Segments (Revenue Mix – 9MFY24 vs FY22)

A) Energy (61% vs 51%)

  • 2 Coal Plants: 1650 MW (operational), 350 MW (under development)
  • 1 Gas Plant: 1156 MW (non-operational)
  • 1 Hydro Plant: 180 MW (operational), 1425 MW (under development)
  • 1 Solar Plant: 26 MW
  • 2 Wind Plants: 3.4 MW

B) Roads & Transportation (18% vs 28%)

  • 4 operating road assets (1814 lane km)
  • Focus on roads, railways, metros, airstrips (DBFOT & EPC)

C) EPC (10% vs 13%)

  • Turnkey solutions in airports, energy, highways, railways, urban infra
  • Projects include:
    • 2 Annuity Projects: 133 km
    • 2 Toll Projects: 216 km
    • DFC project (417 km in UP, completes by June 2024)

D) Urban Infrastructure (11% vs 5%)

  • Developing 2101-acre Special Investment Region in Krishnagiri, TN
  • Land bank of ~906 acres at strategic TN locations

🔹 Key Corporate Moves

1. GMR Energy Consolidation

  • Nov 2023: Acquired 29.14% in GEL for ₹233 Cr
  • Feb 2024: Acquired 11.6% in GEL for ₹442 Cr → GPUIL’s stake now ~99.08%

2. Divestments

  • Aug 2022: Sold 30% in PT Golden Energy Mines Tbk for ₹3400 Cr
  • Apr 2025: Divesting stakes in Bajoli Holi, Vemagiri, and GREL to Synergy for ₹653 Cr
  • Ongoing talks to sell ~360 acres to TN Govt agency

3. New Business Initiatives

  • Advanced Metering:
    • Received ₹7,593 Cr contract from 2 UP DISCOMs
    • 75.69 lakh smart prepaid meters across 22 districts (10-year term)

4. Strategic Partnership

  • MoU with UP Govt:
    • Investment of ₹45,000 Cr by 2028
    • Focus: solar, EV infra, energy efficiency, green hydrogen, data centers

🔹 Key Corporate Developments

✅ 1. GMR Energy Consolidation

  • Nov 2023: Acquired 29.14% in GMR Energy Ltd (GEL) for ₹233 Cr
  • Feb 2024: Acquired 11.6% in GEL for ₹442 Cr → Total stake: ~99.08%

✅ 2. Divestments

  • Aug 2022: Sold 30% stake in PT Golden Energy Mines Tbk for ₹3400 Cr
  • Ongoing: In talks to sell ~360 acres of land to TN Govt agency
  • 🆕 April 2025 (Latest Divestment):
    • Signed framework agreement with Synergy Investments
    • Total deal size: ₹653 Cr (subject to adjustments)
    • Divesting stakes in:
      • Bajoli Holi Hydro (180 MW): 79.86% stake + debentures
      • Vemagiri (388 MW Gas Plant): 51% stake
      • GREL – Rajahmundry (768 MW Gas Plant): 51% stake (post OTS)
    • Purpose: Debt reduction (~₹4400 Cr), fund OTS, spin off non-operational/stressed assets