GMR Energy to sell around 40-50% stake in Emco Plant: Report

GMR Infrastructure’s subsidiary -- GMR Energy -- is reportedly in talks with international players to sell around 40-50% stake in Emco Plant. Emco is a 600MW coal-fired project and the total project cost of the project is around Rs 3,948 crore.

Sembcorp, GDF Suez is in race to buy stake in Emco Plant.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.