Gvk Group

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Gvk Group - Total results - 18
Adani Group to acquire 74% stake in Mumbai International Airport from GVK Group
Business

Adani Group to acquire 74% stake in Mumbai International Airport from GVK Group

A controlling 74% stake in Mumbai International Airport, together with the six non-metro airports it bagged in a government tender, will make Adani Group the largest private operator of airports in India

Battle for MIAL: Arbitration tribunal restrains Adanis from buying Bidvest stake; GVK asked to compensate South African partner
Business

Battle for MIAL: Arbitration tribunal restrains Adanis from buying Bidvest stake; GVK asked to compensate South African partner

The Bombay High Court had late October asked GVK to close the deal by 7 November 2019 in the third extension to arrange the Rs 1,248-crore or Rs 77 a share for the deal, valuing MIAL at Rs 9,500 crore.

GVK Group companies to raise Rs 7,614 cr to retire debt, Bidvest, ACSA stakes in Mumbai Airport
Business

GVK Group companies to raise Rs 7,614 cr to retire debt, Bidvest, ACSA stakes in Mumbai Airport

GVK Reddy will continue as Executive Chairman and GV Sanjay Reddy as Managing Director in both MIAL and NMIAL

Mumbai rains: IndiGo leads cancellations with 32 flights for second day, 350 services delayed
Business

Mumbai rains: IndiGo leads cancellations with 32 flights for second day, 350 services delayed

IndiGo was even forced to suspend operations at the Mumbai airport on Wednesday night as it did not have required manpower to operate them, as per a source.

Adani Group adds yet another revenue stream, sets up new company to manage airport businesses
Business

Adani Group adds yet another revenue stream, sets up new company to manage airport businesses

Adani Airports Ltd is incorporated in India and registered with the Registrar of Companies at Ahmedabad in Gujarat on 2 August.

Adani receives green signal for long-delayed Australian coal mine; firm says ready to start construction on getting permit
Business

Adani receives green signal for long-delayed Australian coal mine; firm says ready to start construction on getting permit

Adani last year scaled back its initial plans for a 60 million tonne per year mine and has said that it will self-fund the project, backed by ready buyers in its own Indian power plants and its trading business.

GVK Group co to acquire 12 cr shares in Mumbai International Airport for Rs 924 cr
Business

GVK Group co to acquire 12 cr shares in Mumbai International Airport for Rs 924 cr

GVK Power & Infrastructure on Friday said its step-down subsidiary GVK Airport Holdings will acquire 12 crore shares of Mumbai International Airport (MIAL) for Rs 924 crore from ACSA Global

With 6 airports in its kitty, Adani Group becomes 3rd largest private operator in one single swoop
Business

With 6 airports in its kitty, Adani Group becomes 3rd largest private operator in one single swoop

The Adani group is marking its entry into the airports space after bagging a 50-year contract for operation, management and development of airports

GVK could sell a significant minority stake in Mumbai airport; Bidvest Group looks to exit investment
Business

GVK could sell a significant minority stake in Mumbai airport; Bidvest Group looks to exit investment

The move to sell a stake in MIAL is a part of GVK’s efforts to free up cash for new projects, like the ongoing second airport in Navi Mumbai.

PM's Navi Mumbai airport event: GVK asks Cidco, JNPT to share 60% of Rs 10.3-cr foundation stone-laying ceremony cost
Business

PM's Navi Mumbai airport event: GVK asks Cidco, JNPT to share 60% of Rs 10.3-cr foundation stone-laying ceremony cost

In an unprecedented move, the Navi Mumbai airport developer GVK Group has asked two government bodies--Cidco and JNPT--to cough up a part of the cost incurred on foundation stone-laying ceremony attended by Prime Minister Narendra Modi

Narendra Modi lays foundation stone of Navi Mumbai airport, says aviation sector set to soar in India
India

Narendra Modi lays foundation stone of Navi Mumbai airport, says aviation sector set to soar in India

While laying the foundation of Navi Mumbai international airport in Mumbai on Sunday, Prime Minister Narendra Modi said, "This is the first time that a greenfield project has been undertaken in the aviation sector", media reports said.

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

Mumbai International Airport operations to be hit from Tuesday to November end
Mumbai

Mumbai International Airport operations to be hit from Tuesday to November end

Operations will be partly hit between October 18 and 31 at Mumbai airport between 1200 hrs and 1600 hrs on alternate days, as the main runway will be closed for repair.

Now, Mumbai airport boasts India's tallest ATC tower
Mumbai

Now, Mumbai airport boasts India's tallest ATC tower

Civil Aviation Minister Ajit Singh today inaugurated a new Air Traffic Control (ATC) tower at the Chhatrapati Shivaji International Airport here.

GVK to sell stake in Singapore arm for $600 mn
Business

GVK to sell stake in Singapore arm for $600 mn

GVK Power and Infrastructure will raise $600 million by selling a minority stake in its Singapore arm. The company might also list its non-Indian assets in Singapore

Greenpeace lodges complaint against SEBI
India

Greenpeace lodges complaint against SEBI

Greenpeace has lodged a complaint against the GVK Group with the Securities and Exchange Board of India (SEBI), saying the Indian infrastructure major had filed incomplete information about its $6.4 billion Alpha coal project in Australia.

Why not sell the Taj, when we can do it with Mumbai airport?
Business

Why not sell the Taj, when we can do it with Mumbai airport?

Public private partnerships to develop infrastructure like Mumbai airport has come to mean keeping the public in the dark about what's going on.

Australian officials to meet over GVK's coal mine standoff
Business

Australian officials to meet over GVK's coal mine standoff

The Australian federal government that delayed the nod on GVK's investment in coalmine project will hold a crisis meeting with the Queensland's state government saying that the report by them on the project was deficient in details.