GMR Infrastructure’s (GIL) subsidiary - GMR Energy (GEL) has inked a definitive agreement with a consortium of international investor Group, SCIG International Nepal Hydro Joint Development Company, SCIG International, Xingcheng International Investment Co. and QYEC International Co. and a Nepal based IPP Butwal Power Company, to divest its entire stake in Himtal Hydropower Company and its associated transmission company Marsyangdi Transmission Company.
GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.
