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GVK to sell stake in airport business by FY'14 end: Official

Last Updated: Monday, August 12, 2013, 17:32

GVK Group, which manages Mumbai and Bengaluru international airports, has received proposals from as many as five companies to sell stake in the airport business and a deal is likely to be sealed by this fiscal end.

GVK Power June quarter net loss at $5 mn

Last Updated: Monday, August 12, 2013, 12:57

The company posted a net loss of 305.9 million rupees in the quarter, compared with a loss of 643 million rupees a year earlier. Net sales fell 14.5 percent to roughly 7 billion rupees.

GVK Power & Infra terminates highway contract with NHAI

Last Updated: Monday, January 14, 2013, 23:12

GVK Power and Infrastructure Monday terminated contract with the National Highways Authority for building a section of road in Madhya Pradesh.

Fuel shortage, interest burden hit infra cos Q2 profits

Last Updated: Sunday, November 11, 2012, 13:34

Shortage of fuel supply to power plants coupled with high interest burden have impacted the profits of infrastructure companies during the July-September quarter of the current fiscal.

GVK ties up with Indonesian Airport Authority

Last Updated: Thursday, November 08, 2012, 17:31

GVK Power and Infrastructure Thursday said it has entered into an agreement with the airport authority of Indonesia to manage the non-aeronautical commercial operations at Bali International Airport.

Gas shortages, interest expenses push GVK Power to loss in Q3

Last Updated: Tuesday, February 14, 2012, 21:03

Shortage of gas supply to its power plants, interest expenses and forex fluctuations led GVK Power and Infrastructure Ltd to net loss of Rs 14.50 crore in the third quarter ended December.

GVK Airport Holdings acquires 50.5% stake in MIAL

Last Updated: Tuesday, October 18, 2011, 22:23

GVK Airport Holdings (GVKAHPL), a subsidiary of GVK Power and Infrastructure (GVKPIL), Tuesday said it has acquired a 13.5 percent stake in Mumbai International Airport (MIAL) for a consideration of USD 231 million from Bid Services Division (Mauritius).