Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
GMR Power and Urban Infra Ltd ( ($IN:GMRP&UI) ) has provided an update.
GMR Power and Urban Infra Limited announced a strategic move to divest its stakes in non-operating and stressed assets as part of its efforts to reduce debt and improve financial health. The company has signed a framework agreement with Synergy Investments Holding Limited to transfer significant equity shares in three power projects, including hydro-electric and natural gas-based plants, to address funding requirements and operational challenges due to the non-availability of affordable natural gas.
More about GMR Power and Urban Infra Ltd
GMR Power and Urban Infra Limited operates within the energy sector, focusing on power generation and infrastructure development. The company and its subsidiaries are involved in managing power plants and urban infrastructure projects, with a market focus on reducing debt and improving financial health through strategic divestments.
YTD Price Performance: -7.92%
Average Trading Volume: 459,487
Current Market Cap: 83.56B INR
Find detailed analytics on GMRP&UI stock on TipRanks’ Stock Analysis page.