MULTIBAGGER POWER GENERATION STOCK TO CONSIDER RAISING UPTO Rs 3000 CRORE VIA QIP/FCCB

is considering to raise funds up to Rs 3,000 crore via the Qualified Institutions Placement (QIP) and/or Foreign Currency Convertible Bonds (FCCB). This fundraising initiative could be executed in one or multiple tranches through various methods or any other permissible securities. This enabling resolution will be contingent upon receiving necessary approvals from shareholders and other relevant regulatory and statutory bodies. , a subsidiary of the GMR Group, is a leading Indian company with expertise in energy, urban infrastructure, and transportation. It operate across three main business segments - (1) energy generation with a balanced fuel mix including coal, gas, hydro, solar, and wind, (2) road and transportation projects encompassing highways, railways, metros, and airstrips, and (3) Engineering, Procurement, and Construction (EPC) services for various infrastructure sectors. With a market cap of Rs 8,499 crore, the company reported a sales revenue of Rs 6,344 crore and net profit of Rs 1,552 crore in FY24-25. The share price is consolidating in the range of Rs 110-130 a peice, and any breakout above Rs 140 could see a potential for long term investing.