GMR buys Singapore-based Island Power Project
GMR Infrastructure Ltd (GMR Infra) said its parent GMR Group bought Singapore-based private electric utility Island Power Project from power producer InterGen NV.

The company did not divulge financial details but said the project would bring about $1.5 billion as foreign direct investment (FDI) in to Singapore.

In a filing to the Bombay Stock Exchange, the infrastructure company...

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