GVK
The Delhi government is mulling a proposal to provide a direct link between Lutyens Delhi and the Indira Gandhi International Airport (IGIA). This proposal is being considered keeping in mind the increasing traffic volume on the route over the years. A lot of traffic from the VIP area moves towards the airport and vice-versa, leading [...] Continue Reading »
The former Ranbaxy CEO DS Brar who is currently the chairman of GVK Bio, is close to buying a bungalow in Delhi’s posh Sunder Nagar. Homes in this leafy Lutyens’ zone neighbourhood cost in the region of Rs 100 crore and is preferred by the who’s who of the nation. The Jain family, which runs [...] Continue Reading »
GVK Power and Infrastructure (GVKPIL) recently reported its fourth quarter earnings, revealing that the company had suffered a net loss of Rs 235.46 crore during the quarter. The figures reported by GVK imply that the company’s fourth-quarter net loss has widened year-on-year. In comparison to net loss figures for the reporting quarter, GVK had posted [...] Continue Reading »
NHAI is a lot more optimistic about FY15 after a dismal FY14, in which approximately 1,400 km of expressways were awarded for construction, and hopes to get back to levels seen in FY12, reports sources in New Delhi. However, NHAI’s commentary is pessimistic and it says projects in the EPC mode are dependent upon it [...] Continue Reading »
Mr. S Raghupathy, Executive Director of CII-Godrej Green Business Council, says that this is an important development in the country and has caught the attention of commercial buildings, Government offices, heritage buildings and homes as the price has decreased over the years. He also concluded that the price of establishing a green building varies upon [...] Continue Reading »
Brakes have been put on mergers and acquisitions activity in the power and infrastructure space due to general elections. Earlier Infrastructure developers which were anxiously investigating for investors are now pushing negotiations waiting for elections as they suppose that a stable new government may increase their threadbare valuations. Conversely, the investors are going through deals [...] Continue Reading »
Secretary, Civil Aviation, Ashok Lavasa, said on Thursday that on the recommendations of the Election Commission, the modernisation of Chennai, Kolkata and four other airports has been put on hold. The Commission has asked us to put it (airport modernisation) on hold till the process of elections is over. The date for submission of bids [...] Continue Reading »
As the Airport Economic Regulatory Authority (AERA) is yet to complete the process for determining tariffs for the second control period starting April 1, 2014 and ending on March 31, 2019, Airport charges and user development fees at Delhi and Mumbai will remain unchanged till May 31. Delhi International Airport had submitted its proposal on [...] Continue Reading »
Further delays are being faced by Ahmedabad airport for its privatisation. Recently Madras High Court vacated a stay on the privatisation process, now the Airport Authority of India (AAI) is in anticipation of an approval on a concessional agreement from the Ministry of Civil Aviation. After such an approval will the authority be able to [...] Continue Reading »
