Gvk

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Mumbai Airport to change terminals for domestic, international flights from 1 October
Business

Mumbai Airport to change terminals for domestic, international flights from 1 October

While the Terminal 2 of the airport operates both domestic as well as international flight, the airport currently operates 50 international and 9 domestic airlines

Adani Group makes offer to buyout 23.5% stake in Mumbai airport as South African partners in JV keen to exit
Business

Adani Group makes offer to buyout 23.5% stake in Mumbai airport as South African partners in JV keen to exit

Adani Group has also bid to operate six non-metro airports that are currently under AAI's management.

GVK signs concession agreement with Cidco to develop Navi Mumbai international airport
Business

GVK signs concession agreement with Cidco to develop Navi Mumbai international airport

GVK through its subsidiary, Mumbai International Airport (MIAL) holds 74 percent equity shares of the SPV- Navi Mumbai International Airport (NMIAL) while Cidco holds the balance 26 percent.

Navi Mumbai airport likely by 2019, phase one capacity seen at 10 mn passengers a year, says Cidco
Business

Navi Mumbai airport likely by 2019, phase one capacity seen at 10 mn passengers a year, says Cidco

A 90-meter tall hillock is being razed to just 8 meters for runways for the upcoming Navi Mumbai international airport

Why are private consortia of Delhi and Mumbai airports averse to CAG audit?
Business

Why are private consortia of Delhi and Mumbai airports averse to CAG audit?

Operators of both airports also argue that the Airports Authority of India, which is seeking an audit by the CAG,has not made known any doubts nor sought any clarifications from the board of directors of either airport

Yet another Adani controversy: Co suspends 2 key contractors on biggest Aus coal project
Business

Yet another Adani controversy: Co suspends 2 key contractors on biggest Aus coal project

Adani Group’s 16.5 billion dollar coal mine project in Australia has hit another controversy after reports that the Indian mining giant suspended two major contractors, raising fresh speculation over funding even as the company blamed the move on delay in government approvals.

Will address employee concerns before PPP development of airports: AAI chairman
Economy

Will address employee concerns before PPP development of airports: AAI chairman

According to officials of the Ministry of Civil Aviation, eight-nine private developers may come forward for placing bids.

Adani's coal port expansion in Aus: Approval process rebooted  to preserve Great Barrier Reef
Business

Adani's coal port expansion in Aus: Approval process rebooted to preserve Great Barrier Reef

An alternative land dumping proposal near wetlands was rejected by the new Labor government. Instead it has approved plans to dump the dredge spoil at the port itself, on a site slated for another coal terminal that has been shelved.

Major relief for Adani and GVK: Australia okays new dumping site for Abbot Point dredge
Business

Major relief for Adani and GVK: Australia okays new dumping site for Abbot Point dredge

Minister Anthony Lynham said his government would do everything it could, short of providing funding, to promote the Galilee Basin projects

Move to privatise 4 airports catches eye of GVK, GMR, Adani, but they want easier norms
Business

Move to privatise 4 airports catches eye of GVK, GMR, Adani, but they want easier norms

The Government's move to privatise airports at Jaipur, Ahmedabad, Kolkata and Chennai has generated interest among some well known developers even as protests from Airports Authority of India employees gather steam.

Coal Block Auction: Vedanta bid for 14 blocks; Birla, Adani, Jindal also in fray
Business

Coal Block Auction: Vedanta bid for 14 blocks; Birla, Adani, Jindal also in fray

Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.

FIRs registered against GVK, aviation ministry officials over Mumbai airport modernisation
Corporate

FIRs registered against GVK, aviation ministry officials over Mumbai airport modernisation

FIRs have been registered against top officials of the aviation ministry, GVK Ltd and police department on a complaint that Mumbai International Airport Ltd (MIAL) received undue benefits.

GVK, billionaire partner get green permit to build Australian coal project
Corporate

GVK, billionaire partner get green permit to build Australian coal project

The Alpha mine is 79 percent owned by GVK and 21 percent owned by Australian billionaire Gina Rinehart's Hancock Prospecting.<br />

How Indian airports fleece airlines and why govt is wary of pvt developers
Corporate

How Indian airports fleece airlines and why govt is wary of pvt developers

The process followed till now by previous governments in awarding airport projects to private developers has been fraught with anomalies.

Looming $560 mn payment for Australia coal assets hangs over GVK
Corporate

Looming $560 mn payment for Australia coal assets hangs over GVK

Indian conglomerate GVK Group faces an October deadline to pay a final $560 million to billionaire Australian miner Gina Rinehart for coal assets it bought in 2011 and has yet to develop in Australia's outback.<br />

Odisha, Arunachal, 2 other states to get first no-frills airports
Economy

Odisha, Arunachal, 2 other states to get first no-frills airports

A draft policy on remote and regional connectivity has also been evolved, which would aim at granting various concessions and incentives to airlines to fly to such areas.

Centre to develop 50 low-cost airports, earmarks Rs 100 cr per project
Economy

Centre to develop 50 low-cost airports, earmarks Rs 100 cr per project

The airports would come up on a public-private partnership model

GVK-Oasis Rs 580 cr deal for Mumbai airport land will impact realty prices
Corporate

GVK-Oasis Rs 580 cr deal for Mumbai airport land will impact realty prices

The 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 said in a press release, adding that the transaction has been finalised at the rate of approximately Rs 106 crore per acre which translates to total of Rs 580 crore for this parcel at approximately Rs 5,000 per square foot of built-up area.<br />

GVK leases out Mumbai airport's land parcel for Rs 580 cr to Oasis Realty
Corporate

GVK leases out Mumbai airport's land parcel for Rs 580 cr to Oasis Realty

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.

Aviation Min says Chennai airport to be spruced up in 2 weeks, warns action
Economy

Aviation Min says Chennai airport to be spruced up in 2 weeks, warns action

Raju also focused on tapping the advertisement potential to generate more revenue for the airport and recommended a review of the maintenance and advertisement contracts.