GMR Energy Trading

GMR Energy Trading Limited (GMRETL) is a key player in India's power market, incorporated on January 29, 2008. As a subsidiary of GMR Power and Urban Infrastructure Limited (GPUIL), GMRETL operates with a Category-1 power trading license from the Central Electricity Regulatory Commission (CERC), which permits unlimited electricity trading across the country. The company is an active member of both the Indian Energy Exchange (IEX) and Power Exchange India Ltd. (PXIL).

The company's primary business involves the trading of electricity across all segments of the Indian power market. Its services cater to a diverse client base of over 140 entities, including Captive Power Plants (CPPs), Independent Power Producers (IPPs), and state-owned power distribution companies (Discoms). GMRETL facilitates the sale and purchase of power through various contract types, such as Intra-Day, Day Ahead, Week Ahead, and Month Ahead, in addition to long-term and medium-term bilateral agreements. The business model also includes expertise in banking and swap contracts between utilities and the trading of Renewable Energy Certificates (RECs). Revenue is generated from margins on these trading activities, including bilateral contracts and exchange sales. A strategic shift towards the Term Ahead Market (TAM) through power exchanges has altered revenue recognition, with transactions recorded on a net-off basis.

GMRETL is part of the GMR Group, a major infrastructure conglomerate with interests in airports, energy, and transportation. The day-to-day operations are managed by a team of experienced industry professionals, with Nikhil Dujari serving as the Whole Time Director, who brings over three decades of experience to the role. Headquartered in New Delhi, the company maintains a 24x7 control room and has regional offices in Mumbai and Hyderabad to support business development and customer service. For the fiscal year ending March 31, 2024, the company reported operating revenues exceeding INR 500 crore.

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