GMR Bajoli Holi Hydropower (GBHHPL), a subsidiary of GMR Energy and a step down subsidiary of GMR Infrastructure has signed definitive agreement for an investment of Rs 225.60 crore through Compulsorily Convertible Debentures (CCDs) in GBHHPL by TNB Topaz Energy SDN Bhd., a wholly owned subsidiary of Tenaga Nasional Berhad (TNB).
The proceeds from the CCDs will be used for the construction of 180 MW run of the river Bajoli Holi project. The hydroelectric project is under advanced stage of construction on river Ravi in the state of Himachal Pradesh.
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.
| Company Name | CMP |
|---|---|
| Dreamfolks Services | 85.30 |
| GMR Airports | 96.87 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: