GVK Power & Infrastructure’s subsidiary - Mumbai International Airport (MIAL) has received a Letter of Award (LOA) from City and Industrial Development Corporation (CIDCO), the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport Project.
In February 2017, MIAL was declared the winning bidder for the Greenfield airport that will be built on 1,160 hectares in a Public Private Partnership (PPP) mode with CIDCO. MIAL will hold a 74% stake while the remaining 26% will be with CIDCO.
GVK Power and Infrastructure 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.
