Mumbai airport is the largest gateway for movement of pharma and agro products in the country.
Mumbai International Airport Pvt Ltd is a joint venture between GVK-SA consortium and Airports Authority of India. It was awarded the mandate of upgrading and expanding the Chhatrapati Shivaji International Airport. As per the contract, L&T would build the new integrated passenger terminal and expand the existing facilities, the company informed the Bombay Stock Exchange.
A look at pictures from the engagement.
The Tamil Nadu government on Friday signed a memorandum of understanding (MoU) with Hyderabad-based GVK Group to set up a Rs 1,500-crore (Rs 15 billion) multi-products special economic zone in 3,000 acres in Perambalur district.
GVK Skycity's 20-million sq ft commercial space will be bigger than that in BKC; bids invited for first phase.
With passenger growth pegged at 14 to 15 per cent, airport infrastructure could be a make or break business for both new players and incumbents.
The groom's maternal grandad is T Subbirami Reddy, producer and politician.
The airports run by leading private operators GMR and GVK, especially those in Delhi and Mumbai, are turning out to be cash cows for the government.
Adani said he expected the number of flyers in the country to grow five-fold, which means India would require 200 additional airports to handle over 1 billion domestic and international passengers across the tier-1, -2 and -3 cities.
The Bench while declining to stay the reported agreement recalled its own order that any action taken in this regard would be subject to the court's final decision on the tender controversy.\n\n
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Negotiators from were expected to meet in New Delhi on August 28.
They shouted slogans against the signboard when the airport is named after Chhatrapati Shivaji Maharaj.
The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
With airports in India seeing unprecedented developments, which have caught fancy of the fliers? Find out...
GVK group Vice-Chairman Sanjay Reddy said the launch of a new integrated terminal would not make flying out of Mumbai expensive.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra answers reader queries on the stock market.
GMR, GVK have taken up the issue with civil aviation ministry.
Stocks such as NIIT, Punj Lloyd, Gati, Welspun India and BEML are favourites of the trading community.
It is likely the airports - Chennai, Kolkata, Kochi, Pune, Ahmedabad, Jaipur, Lucknow and Guwahati - will be bid out for 30 years and the tariffs will be fixed upfront.
Regulator sets recovery period up to April 2021.
The Chhatrapati Shivaji International Airport (CSIA) has launched India's first ever indoor navigation app.
Not just mid- and small-sized firms, even big ones will either sell group companies or stakes in their listed entities to tide over crisis; more sell-offs seen in coming months.
The UPA Government is trying to push through the second wave of airport privatisation before the elections and the controversial elements of this process threaten to harm the sector.
Stock falls 6.8% on BSE after developer writes off Rs 442 crore on project.
The panel also recommended deduction of bank guarantee of four mines, including one given jointly to the world's largest steel producer ArcelorMittal and GVK Powers, an official statement said.
The GVK Group-run Mumbai International Airport Ltd is upgrading the airport at an estimated cost of Rs 12,380 crore.
India Gas Solutions the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh - GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas.
The recommendation, if implemented, could severely dent coal miners' bottom line.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
In the upcoming round of privatisation, unviable airports are likely to be clubbed with six main airports and a prospective bidder may be restricted to bid for two airports.
Asks India Inc for a list of concerns in 4 weeks, to coordinate policy response within 60 days; FM says prevailing cynicism based on perception, not facts.
The committee is considering 1,300 names for this year's awards from which it is likely to select 120.
The GVK Group-run MIAL issued a notice to the airline on Thursday.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
Three Indian companies are among the six shortlised to bid for the privatisation of the Male International Airport in Maldives.
The number of deals announced in the month were the highest ever at 102 for any month, compared to 75 in the same period last year and 92 deals in March.
