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GMR Power and Urban Infrastructure shares fell nearly 5 percent at the open on February 8, a day after it reported its December quarter results.
The company’s December quarter net profit was up 77 percent at Rs 308 crore from the year-ago period.
At 10.40 am, the stock was trading at Rs 55.70 on the National Stock Exchange.
GMR Power’s revenue fell 38.2 percent YoY to Rs 168.7 crore.
Over the last year, GMR Power and Urban Infrastructure has gained over two times. A subsidiary of GMR Enterprises Private Limited, GMR Power deals with energy, urban infrastructure and transportation sectors.
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GMR's energy segment has an installed capacity of over 3,000 MW and has a balanced fuel mix of coal, gas, LSHS as well as renewable sources of wind and solar energy.
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