Adani Group adds yet another revenue stream, sets up new company to manage airport businesses
• 6 years agoAdani 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
• 6 years agoAdani 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
• 6 years agoGVK 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
• 6 years agoThe 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
Fp Staff • 7 years agoThe 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
• 7 years agoIn 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
Fp Staff • 7 years agoWhile 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
• 7 years agoA 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
• 9 years agoOperations 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.
GVK to sell stake in Singapore arm for $600 mn
Fp Archives • 13 years agoGVK 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