GMR Power and Urban Infra incorporates new renewable arm in Karnataka; stock in focusGMR Power and Urban Infra incorporates new renewable arm in Karnataka; stock in focus

Introduction

Leading infrastructure firm incorporates a new wholly owned subsidiary to develop renewable energy projects in Karnataka, with full ownership held by its existing energy subsidiary.

Also Read: RailTel bags fresh order from IIT Delhi; stock moves up

Share price movement of GMR Power

On March 2, 2026, GMR Power and Urban Infra Ltd opened at ₹108.05, down 10.10% from its previous close of ₹120.05. The stock reached a high of ₹116.20 (-3.25%) and a low of ₹108.05 (-10.10%). By 12:23 PM, it traded at ₹113.45, down 5.50%, with a market cap of ₹8,860.64 crore.

GMR Forms Karnataka Renewable Subsidiary

GMR Power and Urban Infra Limited announced the incorporation of GMR Karnataka Renewable Energy-I Limited (GKREL). GKREL is a wholly owned subsidiary of GMR Energy Limited, itself a subsidiary of the company.

GKREL was incorporated on February 28, 2026, in India. It has a paid-up capital of Rs. 5 lakh. The company will focus on developing renewable energy power plants in Karnataka.

GMR Energy Limited holds 100% of GKREL’s shares. The acquisition was made through subscription to the memorandum. GKREL has not yet commenced business operations and is a stepdown subsidiary.

Stock performance of GMR Power for period of 1 week, 6 months, and 1 year

GMR Power and Urban Infra Ltd has delivered a 1-week return of 2.55%, a 6-month return of 7.62%, and a 1-year return of 21.8%.

Also Read: eMudhra unveils trust infrastructure to secure the AI economy; here’s how it works

Shareholding pattern of GMR Power

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	46.30%	50.60%	50.60%
FII	3.40%	3.80%	3.90%
DII	5.30%	1.80%	1.80%
Public	45.00%	43.90%	43.80%

About GMR Power

GMR Power and Urban Infra Ltd (NSE: GMRP&UI) specializes in energy, urban infrastructure, and transportation projects as a subsidiary of GEPL, with extensive sector expertise.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs