GVK Power touches the roof on signing concession agreement with CIDCO

09 Jan 2018 Evaluate

GVK Power & Infrastructure is currently trading at its upper circuit limit of Rs. 22.15, up by 1.05 points or 4.98% from its previous closing of Rs. 21.10 on the BSE.

The scrip opened at Rs. 22.15 and has touched a high and low of Rs. 22.15 and Rs. 21.50 respectively. So far 2968086 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 22.15 on 09-Jan-2018 and a 52 week low of Rs. 5.05 on 25-May-2017.

Last one week high and low of the scrip stood at Rs. 22.15 and Rs. 17.80 respectively. The current market cap of the company is Rs. 3482.16 crore.

The promoters holding in the company stood at 54.25%, while Institutions and Non-Institutions held 6.64% and 39.11% respectively.

GVK Power & Infrastructure (GVKPIL) has signed the concession agreement for the Navi Mumbai International Airport Project. The concession Agreement has been signed through the creation of a Special Purpose Vehicle viz., Navi Mumbai International Airport (NMIAL) with CIDCO, the nodal authority of the Government of Maharashtra for implementation of this project.

GVKPIL through its subsidiary, Mumbai International Airport (MIAL) holds 74% equity shares of NMIAL while CIDCO holds the balance 26%. The initial concession period is 30 years from the appointed date which is extendable for a further 10 years.

GVKPIL is an infrastructure development company. It engages in infrastructure and urban infrastructure projects. The company provides operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports and infrastructure companies.

GVK Power & Infra Share Price

5.21 0.10 (1.96%)
01-Nov-2024 18:59 View Price Chart
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