GMR Power OKs Rs 12 Billion Fund Raise

22 Dec 2025 CW Team

GMR Power and Urban Infra Ltd said its board has approved a proposal to raise up to Rs 12 billion through a preferential issue of equity shares and convertible warrants, subject to shareholder and regulatory approvals.

At around 11:31 am, the stock was trading 0.38 per cent lower at Rs 113.90 on the National Stock Exchange of India, compared with the previous close of Rs 114.34. The counter moved between an intraday high of Rs 117 and a low of Rs 112.70.

According to the company’s regulatory filing, it plans to issue up to 66.1 million equity shares with a face value of Rs 5 each at an issue price of Rs 120.88 per share. The equity issuance, aggregating up to Rs 8 billion, will be allotted to non-promoter investors.

In addition, the board has approved the issue of up to 33.0 million convertible warrants, each carrying the right to subscribe to one equity share at an issue price of Rs 120.88. The total value of the warrant issue is Rs 4 billion.

The proposed allotments will be carried out through a private placement under the preferential issue route. The company confirmed that Rs 120.88 per share has been fixed as the issue price for both the equity shares and the convertible warrants.

Infrastructure Urban

22 Dec 2025

Study Highlights Freshwater Sponges’ Role in Fighting Metal Pollution

Scientists have identified freshwater sponges and their associated microbial communities as powerful natural allies in tackling toxic metal pollution, offering new hope for sustainable water quality management. A recent study has revealed that these sponges can act both as bioindicators and effective absorbents of harmful metals such as arsenic, lead and cadmium.The findings come from a study published in Microbiology Spectrum by researchers from Bose Institute, an autonomous institute under the Department of Science and Technology, Government of India. The research focused on freshwater spong..

79% of Indian Railways Track now Supports Speeds of 110 Kmph+

Indian Railways has significantly enhanced the speed potential of its track network over the past decade, with 79 per cent of tracks now capable of supporting speeds of 110 kmph and above, compared with just 40 per cent in 2014. The improvement reflects sustained investment in track modernisation and maintenance aimed at faster and safer train operations.According to official data, large-scale upgradation works have been undertaken over the last 11 years to improve track quality and performance. Key measures include the use of heavier 60 kg rails, wider-base concrete sleepers, thick web switch..

Indian Railways Clocks 80% Punctuality Nationwide from Dec 8–14

Indian Railways has reported strong operational performance, achieving an overall punctuality of 80 per cent across the network during the period from December 8 to December 14. The achievement reflects sustained efforts by railway divisions to enhance efficiency and ensure reliable and timely services for passengers and freight users.According to official data, 37 railway divisions recorded punctuality levels exceeding 80 per cent during the review period. Notably, 22 divisions achieved punctuality above 90 per cent, while 10 divisions went a step further by crossing the 95 per cent mark, hig..