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GVK Power touches roof with arm receiving LOA for Navi Mumbai Airport Project

GVK Power & Infrastructure Ltd. | Power Generation/Distribution | Power | BSE: 532708 | NSE: GVKPIL

26 Oct 2017 Evaluate

GVK Power & Infrastructure is locked at upper circuit limit at Rs. 16.33, up by 0.77 points or 4.95% from its previous closing of Rs. 15.56 on the BSE.

The scrip opened at Rs. 16.19 and has touched a high and low of Rs. 16.33 and Rs. 15.20 respectively. So far 43,53,000 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 16.33 on 26-Oct-2017 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. 16.33 and Rs. 13.80 respectively. The current market cap of the company is Rs. 2,578.85 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’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.

GVK Power & Infra Share Price

2.86 0.05 (1.78%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
NTPC	393.65
Tata Power	427.45
Adani Power	198.40
Power Grid Corp	318.05
Torrent Power	1565.30
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GVK Power touches roof with arm receiving LOA for Navi Mumbai Airport Project

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