 "GMR, Infrastructure")
GMR Infrastructure Limited (GIL) announced execution of resolution plan for its stressed GMR Rajahmundry Energy Limited (GREL) – 768 MW gas-fired power plant in Andhra Pradesh. The company informed the exchanges on Friday morning that it has paid a portion of the sustainable debt of the project.
The resolution plan which has been approved by the lenders of the project consisted of reduction of total debt of Rs 2353 crore to sustainable debt of Rs 1412 crore. “Against the above sustainable debt GMR Group has already infused an amount of Rs 395 crore towards meeting 20 per cent of principal towards
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