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GVK to exit from Bengaluru airport project

GVK Power and Infrastructure Limited on Friday said it has decided to exit from Bangalore International Airport Limited by selling its 10 percent stake to Fairfax India Holdings Corporation for Rs 1,290 crore (approximately $200 million).

State-run AAI plans to explore international markets

Of the 125 AAI-managed airports, 18 also cater to international traffic, 78 are domestic, seven customs airports and 26 civil enclaves at defence airfields.

GVK Coal under debt burden of $885 million

GVK Coal Developers, which owns mines in Australia, is burdened with USD 885 million of debt, according to GVK group's annual report.

Bhel commissions GVK's hydro-power project in Uttarakhand

The project is designed to utilise the waters of River Alaknanda by way of a diversion dam.

GVK seeks regulatory clarity on Navi Mumbai airport

The GVK Group-run Mumbai International Airport (MIAL), which is among those shortlisted to build the airport in neighbouring Navi Mumbai, today said there is a need for regulatory clarity.

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.

GVK-Oasis ink Rs 580-cr pact for Mumbai airport land devpt

This transaction is part of the process of overall commercial development of 22 million square feet of the airport in phases over a period of ten years.

GVK signs deal for 75% land acquisition for Oz rail project

Australia's Hancock Coal, owned by GVK Group promoters, has completed negotiations for acquiring 75 percent of the land required for its proposed rail line being developed between its coal mines in Galilee Basin and Abbot Point Coal in Queensland province, the company said.

GVK Hancock to meet court-set conditions to start $10 billion coal project

GVK Hancock, a joint venture between India`s GVK Power & Infrastructure Ltd and Australian billionaire Gina Rinehart, had already won state and federal government approval for the project in Queensland state`s untapped Galilee Basin.

GVK Hancock names Yeates as CEO

Infrastructure major GVK Group Monday said coal mining industry veteran Darren Yeates has been appointed Chief Executive Officer of GVK Hancock, which is executing multi-billion projects in Australia.

India''s GVK gets approval for largest Australian coal mine

Australia`s federal government has given a mega Diwali gift to India`s GVK group by approving the gigantic coal mining project in Queensland state in the country`s northeast.

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.

AERA turns down GVK proposal to hike UDF at Bengaluru airport

BIAL is currently charging Rs 231.40 and Rs 952.30 for domestic and international departing passengers, respectively.

GVK Hancock inks deal with Australia's Thiess for Alpha project

GVK Group firm GVK Hancock, which is set to develop the USD-10 billion Alpha coal mine in Galilee basin in Australia, has entered into an agreement with leading services contractor Thiess to prepare a 10-year mine plan and budget for the project.

GVK Power & Infrastructure loss widens to Rs 171 crore in Q4

The flagship firm of Hyderabad-based GVK group had reported a consolidated net loss of Rs 20.88 crore during the corresponding quarter of 2011-12.

Aurizon to buy 51% stake in Hancock Coal Infra

Australia's largest rail freight company, Aurizon, will buy 51 percent stake in Hancock Coal Infrastructure, which owns GVK Group's Hancock rail and port projects in Galilee Basin in Queensland, for an undisclosed sum.

MoEF allows GVK to use diesel at Andhra gas-based power plant

The panel, whose nod is required for any change in fuel use at power plants, changed its decision in the light of the Oil Ministry's move last month to abolish subsidy for bulk diesel purchasers.

GVK to tie up funds for Australian coal project by Q3 next yr

In September last year, GVK had acquired 79 percent stake in Alpha Coal and Alpha West projects and a 100 percent stake in the Kevin's Corner project in Queensland from Hancock Prospecting Pty Ltd for about USD 1.26 billion (nearly Rs 6,000 crore).

Aus govt clears terminal for GVK's $10 bn Alpha Coal project

Australian government on Wednesday approved with strict conditions a coal terminal at a port by India's GVK group that forms part of the USD 10 billion Alpha Coal project in central Queensland.

Land acquisition for Aus coal proj rail corridor in 2 mths: GVK

Infrastructure major GVK Group is expecting to complete in about two months land acquisition pacts for constructing the rail corridor of USD 10 billion Alpha Coal Project in Australia.