GMR Power and Urban Infra shares surge 5% on smart metering project

GMR Power and Urban Infra shares surged 5% during Thursday’s trading session following the announcement of a new partnership. The company has entered into an agreement with Bosch Global Software Technologies (BGSW) for a smart metering project.

The stock reached an intraday high, setting a new record, after its subsidiary, GMR Smart Meter Electricity Distribution Private Limited (GSEDPL), teamed up with BGSW as the technology partner for implementing smart meters.


Nearly 4 million shares changed hands on the BSE and NSE, with pending buy orders for an additional 2.7 million shares on both exchanges. As of 10:20 am, the shares were trading 5% higher at ₹94.39.