GMR Power and Urban Infra Limited — JV/Acquisition, 01-03-2026: Acquisition

GMR Power & Urban Infra has formed a new 100% wholly-owned step-down subsidiary, GMR Karnataka Renewable Energy-I Limited (GKREL). This strategic move, with an initial paid-up capital of Rs. 0.05 Cr, aims to boost the company's renewable energy footprint. GKREL will focus on developing renewable energy power plants in Karnataka, expanding GMR's presence in this key green energy sector. This is a foundational step for future growth in sustainable power generation.