GMR Power & Urban Infra Incorporates Wholly Owned Subsidiary GMR Utkal Solar Power
GMR Power & Urban Infra Limited (GMRP&UI) announced the incorporation of GMR Utkal Solar Power Limited (GUSPL) as a wholly owned subsidiary of GMR Energy Limited (GEL), which is itself a wholly owned ...
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Why is GMR Power and Urban Infra Limited in the news today?
GMR Power and Urban Infra Limited (GMRP&UI) is in the news due to the announcement is a routine corporate action of incorporating a new subsidiary, which has a neutral financial impact in the short term.
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GMR Power & Urban Infra Incorporates Wholly Owned Subsidiary GMR Utkal Solar Power
December 31, 2025, 01:24 PM
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GMR Power & Urban Infra Limited (GMRP&UI) announced the incorporation of GMR Utkal Solar Power Limited (GUSPL) as a wholly owned subsidiary of GMR Energy Limited (GEL), which is itself a wholly owned subsidiary of GMRP&UI. The incorporation took place on December 29, 2025, with the Certificate of Incorporation (COI) received on December 30, 2025.
GUSPL has been established with an initial paid-up capital of ₹1 lakh, comprising 10,000 shares of ₹10 each subscribed by GEL. The new entity is being set up for the development of a solar power project in Kamalanga, Odisha. This venture falls within the renewable energy sector, specifically in the generation and transmission of solar power.
The incorporation of GUSPL does not constitute a related party transaction, and GMRP&UI's promoter or promoter group does not have any interest beyond their indirect shareholding. As GUSPL was incorporated by GEL, the typical acquisition timeline and consideration details are not applicable. GUSPL is yet to commence business operations.
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