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GMR RAJAHMUNDRY ENERGY
CFM acquires GMR Rajahmundry Energy debt from Edelweiss ARCCFM acquired GMR Rajahmundry Energy's debt from Edelweiss ARC on June 30. Edelweiss bought ₹458 crore debt from IDFC Bank in 2018. Unmet re...- GMR sells stake in Chhattisgarh power plant to Adani Power for Rs 3000 crBankers to the project had opted for change in management of the stressed plant held by GMR Generation Assets Ltd, a wholly owned subsidiar...
- GMR, lenders strike first resolution plan for AP plant after quashing of RBI circularUnder the resolution plan, approved by all 12 lenders to the project, the existing debt of Rs 2,353 crore has been brought down to a sustai...
- Promoters on Dalal Street offload stake to pare debtFor instance, promoters of real estate developer sold around 4% few weeks ago.
- GMR Infra has little to show other than fall in debtBanks, with unpaid outstanding loans, have taken over the firms' energy assets, resulting in the liability moving out of GMR's books.
- GMR Infrastructure pares gross debt by 47%, stock soarsThe cash-strapped company managed to reduce its gross debt to Rs 19,856 crore from Rs 37,480 crore.
- Lenders put 55% stake in GMR Rajahmundry Energy on the blockUnder the SDR mechanism, banks can take over distressed companies to whom it had lent by converting full or part of their loans into equity...
- GMR Energy to offload 30% stake in Tenaga to pare debt: GBS Raju, Chairman"Tenaga has a unique set of expertise. Being a marquee strategic player with decades of experience, it brings world-class best practices to...
- GMR Infra Q4 net loss widens to Rs 953.50 crCompany had clocked net loss after tax, minority interest and share of loss of associates at Rs 891.90 cr in the corresponding quarter of t...
- Lenders to convert GMR’s subsidiary debt into equityLenders to GMR Rajahmundry Energy has initiated strategic debt restructuring which will results in banks acquiring majority stake in the co...
- Ratnagiri, GMR GVK, Lanco, others successful in natural gas auctionRatnagiri Power, GMR Energy, GVK Power, Lanco Infratech and Sravanthi Energy are among companies that emerged successful with aggressive bi...
- Dabhol, GMR, GVK, Lanco secure gas under PSDF schemeThis auction will be finalised on the basis of e-bidding results by the EPMC and after that the successful bidders would be awarded gas.
- GMR, GVK, Lanco to get a slice of Rs 1,200-crore gas subsidyGMR, GVK, Gama and Lanco are among those that have fully bought the entire 7.2 mmscmd gas on offer in a reverse e-auction with a subsidy co...
- GMR Infra net loss narrows to Rs 379 crore in Q3GMR Infrastructure today reported narrowing of its consolidated net loss to Rs 379.38 crore for the December quarter .
- GMR Energy arm starts 768MW power plant operation in Andhra PradeshWith e-bid RLNG Scheme, the 768MW power plant can now operate at 50 per cent Plant Load Factor (PLF), thereby generating 384 MW.
- GMR Energy 2 plants in Andhra Pradesh to get gas subsidyGMR Energy said its two gas- based plants in AP having a capacity of 1,138 MW will get government subsidy on use of re-gasified liquefied n...
- GMR Energy may start operations at stranded gas and coal-based power stationsThe gas supply will allow the plants to run at 25 per cent capacity during June-September and sell power for Rs.6.14 per unit to distributi...
- GMR Energy seeks rescheduling of 2,600 crore loanThe highly-indebted GMR Group has debt of 35,000 crore or 3.2 times its balance sheet size at the end of the second quarter.
- Three power projects by Reliance Power, Lanco, GMR idle due to lack of gasThree gas-based power projects, developed by Reliance Power, Lanco and GMR in Andhra Pradesh that are ready for regular power generation.
- GMR Group synchronises 1st unit of new Vemagiri plant to state gridGMR Group said the first unit of subsidiary GMR Rajahmundry Energy Limited's combined cycle power plant at Vemagiri, in Andhra Pradesh, was...
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