GMR Energy

GMR Energy News

CERC allows power firms to claim coal compensation; to unlock 17K crore

As reported recently, power producers have also complained that various subsidiaries of Coal India have “suddenly and unilaterally” increased floor prices (reserve price) at which these auctions begin.

Tenaga to invest $300 mn in GMR Energy’s assets

With this deal, GMR Infra would be able to reduce it corporate debt to Rs 4,300 crore from the current Rs 6,300 crore.


Stranded plants make a beeline for subsidised LNG imports

The developers are required to bid below the ceiling price, which is the government support available to developers running their plants at 35 per cent PLF.

Gas price pooling, subsidies to help stranded power firms

The government has firmed up a plan to salvage 16,107 MW of stranded...

Coal import rush by firms leads to port congestion

Some of the ships are to deliver coal for top power and steel firms like Jindal Steel and Power Ltd, Steel Authority of India Ltd, GMR Energy, Tata Group and the Adani Group.

HC stays petroleum regulation board’s order against RGTIL

PNGRB had directed RGTIL to ensure GMR Energy got access to its pipeline for transportation of natural gas to its plant in Andhra Pradesh.


GMR Energy to sell Indonesia coal asset to trim debt

WSJ report noted that Standard Chartered sale process could fetch up to $200 million

Zero supply from Reliance Industries,15,000 MW capacity plants stuck

Gas-based capacity which is lying idle due to want of fuel comprises central,state as well as private power plants.

GMR to sell Singapore power firm for Rs 2,900 cr

The GMR Group has decided to divest its 70 per cent stake in GMR Energy (Singapore) Pte (GMRE) to FPM Power for S$ 660 million

GMR to sell 30% stake in arm to Petronas

The stake in GMR Energy (Singapore) Pte Ltd would be sold to Petronas International Corp Ltd.