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GVK Power lights up on receiving environmental clearance for Alpha Project in Australia

29 May 2012 Evaluate

GVK Power & Infrastructure is currently trading at Rs 12.50, up by 0.50 points or 4.17% from its previous closing of Rs 12.00 on the BSE.

The scrip opened at Rs 12.20 and has touched a high and low of Rs 12.75 and Rs 12.05 respectively. So far 1778000 shares were traded on the counter.

The BSE group 'B' stock of face value Re 1 has touched a 52 week high of Rs 23.30 on 01-Jun-2011 and a 52 week low of Rs 9.56 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs 12.75 and Rs 11.60 respectively. The current market cap of the company is Rs 1974 crore.

The promoters holding in the company stood at 54.25% while Institutions and Non-Institutions held 23.08% and 22.67% respectively.

GVK Power & Infrastructure’s step down subsidiaries has received Queensland Coordinator General’s Report on the environmental clearance for the Alpha coal and Rail project in Queensland. This is a major achievement for GVK as ‘Alpha project’, is the only Galilee Basin postponement with an approved Environmental Impact Statement (EIS).

After having agreed for the general terms in December 2010, GVK invested in three mines (Alpha, Alpha’ West and Kelvin’s corner) with a total resource of 8 billion tones of thermal coal in addition to the rail and port facilities. The Alpha project consists of a 30 million tonnes per annum (mtpa) mine, a 495 km standard gauge railway with 60 mtpa approvals and a terminal and two berths at Abbot Point catering for at least 60mtpa of thermal coal destined for Asian market.

Subsidiaries of GVK Coal Developers (Singapore) Pte, (GVKCD), in Australia have received Queensland Coordinator General’s Report. GVK Power & Infrastructure holds 10% equity stake in GVKCD.

GVK Power & Infra Share Price

2.86 0.05 (1.78%)
17-Apr-2026 16:59 View Price Chart
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