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Get coal for power plant via auction, panel tells GVK

Get coal for power plant via auction, panel tells GVK

 An inter-ministerial panel on coal linkages has asked GVK to obtain fossil fuel through special forward e-auction for its 540-mw thermal power project near Goindwal Sahib in Punjab.

GVK Power shares soar 16% on proposal to hike limit for loans

GVK Power shares soar 16% on proposal to hike limit for loans

Shares of GVK Power & Infrastructure today ended with nearly 16 percent gains after the company sought shareholders' approval for increasing the maximum limit of loans and guarantees that can be given to other entities.

Dabhol, GMR, GVK, Lanco secure gas under PSDF scheme

Dabhol, GMR, GVK, Lanco and Gama are among those who have secured around 8 mmscmd of imported gas for running their stranded power projects, which will aid generation of 6.79 billion units electricity

GVK Power & Infra acquires 100% stake in GVK Airport Services

GVK Power & Infrastructure has acquired 100 per cent stake in GVK Airport Services Pvt Ltd, a new subsidiary that will provide technical and consultancy services on the airport business of the firm.

Oz group files review plea in SC over Alpha Coal Mine project

An Australian conservation group today filed a judicial review application in Queensland Supreme Court challenging billionaire Gina Rinehart and Indian miner GVK over Alpha Coal Mine project jointly owned by them.

India may take WTO action against EU over drug clinical trials: GVK

The privately-held company, part of India`s infrastructure builder GVK Group, conducts clinical research for domestic and foreign drugmakers.

GVK Power's Q3 Net loss at Rs 209.12 crore

GVK Power and Infrastructure Ltd Friday said its consolidated net loss for the quarter to December widened to Rs 209.12 crore, hit by fuel supply issues and higher interest costs.

Tatas, Adani, 7 others show interest in airport projects

Nine private firms including Tata and Adani groups have shown interest in operating, managing and developing four state-run airports in the country, official sources said.

GVK Bio offers to re-do studies after EU ruling

Pharmaceutical research company GVK Biosciences has offered to re-do studies at its own cost after the European Union suspended marketing approval of some generic drugs due to alleged manipulation of data related to clinical trials.

Queensland to announce major investment in rail infrastructure

Queensland Premier Campbell Newman, who held talks with Prime Minister Narendra Modi here last night, said he was prepared to invest in capital works to ensure that the projects get off the ground.

GVK Bio acquires US headquartered Vanta Bioscience

Contract research firm GVK Bio today signed a definitive agreement to acquire Vanta Bioscience for an undisclosed sum.

GVK wins environmental permit for huge Australian coal mine

The GVK Hancock joint venture still needs to finalise a plan with coal rail operator Aurizon Holdings, overcome legal challenges to the project, and sign coal sales agreements.

GVK Hancock advances Galilee Basin rail line dev in Australia

GVK Group on Thursday said it has started engaging with concerned landholders to seek their consent for the project.

Looming payment for Australia coal assets hangs over GVK

GVK bought 79 percent stakes in the Alpha and Alpha West coal projects and a 100 percent stake in the Kevin`s Corner project from Rinehart`s Hancock Prospecting for $1.26 billion.

Changi Airports out of race for GVK's airports stake: GVK

Singapore's Changi Airports International is now out of the race due to regulatory issues.

Carbon tax repeal in Aus to help in coal supplies to India

The repeal of the carbon tax in Australia on Thursday will lower costs for Indian firms such as Adani and GVK exporting from the country, Adani Mining spokesperson said.

UNESCO warns Aus over dumping waste in Great Barrier Reef

UNESCO today threatened to list Australia`s Great Barrier Reef as a `World Heritage in Danger` site, for allowing the dumping of up to three million cubic metres of dredged sediment by Indian companies GVK and Adani Group.

GVK likely to close shortly stake sale in airports biz

Hyderabad-based diversified infra group GVK is likely to finalise stake dilution in its airport business over the next couple of months and the proceeds will be used to clear Rs 2,500-crore non-operational debt.

Rangarajan panel on road developers bailout to be set up soon

The government will soon constitute a panel, headed by PMEAC Chairman C Rangarajan, to look into the issues pertaining to bailout of highway developers.

GVK to go slow on oil & gas business

As per the latest balance sheet of GVK Oil and Gas, the company has employed Rs 173 crore towards capital work in progress.