Meanwhile, the BSE Sensex was up 13.24 points, or 0.08% to 16,167.86.

On BSE, 8.41 lakh shares were traded in the counter as against average daily volume of 6.41 lakh shares in the past one quarter.

The stock hit a high of Rs 29.50 and a low of Rs 27.65 so far during the day. The stock had hit a record low of Rs 17.70 on 13 December 2011. The stock had hit a 52-week high of Rs 44.65 on 8 April 2011.

The stock had outperformed the market over the past one month till 13 January 2012, rising 54.21% compared with Sensex's 0.95% gain. The scrip had also outperformed the market over the past one quarter, surging 13.35% as against Sensex's 4.32% fall.

The large-cap infrastructure developer has an equity capital of Rs 389.24 crore. Face value per share is Re 1.

The GMR Infrastructure (GIL) stock had jumped 29.6% in six trading sessions to settle at Rs 29.30 on Friday, 13 January 2012, from a recent low of Rs 22.60 on 6 January 2012

GMR Infrastructure announced after market hours on Friday, 13 January 2012, that the company's subsidiary, GMR Energy, has commissioned its first 25 megawatts (MW) solar power plant at Patan district in Gujarat, marking GMR Group's foray into the renewable energy space.

The 25 MW grid interactive solar power project was executed through GMR Gujarat Solar Power, a subsidiary of GMR Energy. The project was awarded in October 2010 under the Gujarat Solar Policy. This plant adopts the crystalline PV technology and is situated in the Solar Park set up by Gujarat state government, at Charanka village in Patan district, GIL said in a statement.

The project was successfully commissioned on 31 December 2011 and holds the distinction of being the first amongst several projects coming up in Solar Park to be synchronized with the grid, GIL added. The company further said that the power from this plant will be supplied to Gujarat UrjaVikas Nigam on a 25 year power purchase agreement (PPA) under the Gujarat State Solar Policy.

Commenting on the commissioning of the unit, Mr Raaj Kumar, CEO, GMR Energy said, "The commissioning of one of India's largest solar power projects is a significant step for the company towards a balanced power portfolio. We wish to play a very responsible role as a power producer. Our power plants are energy efficient and ecofriendly".

GMR Energy, a flagship company of the GMR Group, has plans to enhance its renewable energy portfolio by over 100 MW in the next two years. The company is presently executing power projects of about 7,500 MW capacity which includes 2,200 MW of hydro capacity. Out of this, 2,500 MW capacity will become operational in 2012 through commissioning of projects at Vemagiri in Andhra Pradesh, Kamalanga in Orissa and Warora in Maharashtra, GIL said in a statement.

On a consolidated basis, GMR Infrastructure reported a net loss of Rs 62.53 crore in Q2 September 2011, compared with net profit of Rs 71.12 crore in Q2 September 2010. Net sales rose 48.3% to Rs 1812.25 crore in Q2 September 2011 over Q2 September 2010.

GMR Infrastructure (GIL) is a Bangalore-headquartered global infrastructure major with interests in energy, highways, airport businesses and urban infrastructure. GIL has successfully employed the public-private partnership model to build a portfolio of high quality assets.