GMR Power and Urban Infra Limited — Important, 25-10-2024: Financial Result Updates

GMR Power and Urban Infra Limited's board has approved its unaudited standalone and consolidated financial results for the half-year ending September 30, 2024. The company reported significant losses, driven by an exceptional gain of ₹1,196 crores from the conversion of foreign currency convertible bonds into equity. It highlighted contingent liabilities related to ongoing litigations and operational challenges in certain subsidiaries but maintains confidence in the recoverability of investments. Full details are available on the company's website.