Multibagger Power Generation Stock Jumps as Board to meet on August 22 to consider raising up to Rs 3000 crore via QIP/FCCBs

On Wednesday, shares of GMR Power and Urban Infra Limited jumped 3.66 per cent to Rs 121.80 per share from their previous closing of Rs 117.50 per share. The stock’s 52-week high is Rs 169.20 per share and its 52-week low is Rs 89.43 per share.

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GMR Power and Urban Infra Limited has announced that a Board of Directors meeting will be held on Friday, August 22, 2025. During this meeting, the board will consider and potentially approve a proposal to raise funds up to Rs 3,000 Crore. This fundraising initiative could be executed in one or multiple tranches through various methods, including Qualified Institutions Placement and/or Foreign Currency Convertible Bonds, or any other permissible securities. This enabling resolution will be contingent upon receiving necessary approvals from shareholders and other relevant regulatory and statutory bodies.

About the Company

GMR Power & Urban Infra Ltd (GPUIL), a subsidiary of the GMR Group, is a leading Indian company with expertise in energy, urban infrastructure, and transportation. They operate across three main business segments: energy generation with a balanced fuel mix including coal, gas, hydro, solar, and wind; road and transportation projects encompassing highways, railways, metros, and airstrips; and Engineering, Procurement, and Construction (EPC) services for various infrastructure sectors.

As of June 2025, LIC owns a 1.07 per cent stake in the company. The stock is up by 36 per cent from its 52-week low of Rs 89.43 per share and has given multibagger returns of 425 per cent in 2 years. The company has a market cap of over Rs 8,500 crore.

Disclaimer: The article is for informational purposes only and not investment advice.