GMR Power And Urban Infra (GMRP&UI) Investor presentation summary

Strategic direction

• Transition beyond conventional generation and highways toward smart metering, smart mobility and renewable energy, while retaining energy trading and adjacent services.

• Growth themes include C&I and hybrid/FDRE renewable supply, energy efficiency, distribution models and fast DC charging; airport and fleet partnerships are part of the EV strategy.

• Renewable strategy targets 212 MWp of solar across existing and other land assets: 60 MWp at Kamalanga, 40 MWp at Warora and 112 MWp potential at Shahdol.

Operating portfolio

• Energy portfolio has ~3 GW of operational capacity, including 1,650 MW of operational thermal capacity, 180 MW of hydro and 26 MW of solar; further thermal and hydro capacity is under development.

• Highway assets include the 102.74 km Pochanpalli road, 29.65 km Chennai Outer Ring Road and 35.10 km Ambala Chandigarh road.

• Dedicated Freight Corridor packages 201 and 202 cover 417 km; physical progress was ~99.88% and ~99.80%, respectively, as of 30 Sep 2024, with Dec 2024 COD expected.

• Power trading has operated for 15+ years; the Category I licensee trades through IEX, PXIL and HPX and is among the country’s top 10 traders, as reported by CERC.

Smart metering and mobility

• Smart-meter awards cover 75.69 lakh meters across 22 UP districts, with contract value of INR 7,593.09 Cr incl. GST and a 27-month implementation period followed by 93 months of operations.

• Three projects cover 27.31 lakh Kashi, 22.86 lakh Triveni and 25.52 lakh Agra meters; a German technology provider is engaged for software services and will invest 10% in each project SPV.

• Project execution was at full swing; 25,000 meters per project had been installed and integrated, with operational go-live testing underway and 31 project offices established.

• EV charging strategy spans airport captive charging, fleet-owner and platform partnerships, distributed public charging and e-bus infrastructure; the portfolio is proposed with a strategic partner.