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GVK Power moves up on its subsidiary emerging as selected bidder through ICB

30 Sep 2011 Evaluate

GVK Power & Infrastructure is currently trading at Rs. 16.20, up by 0.15 points or 0.93% from its previous closing of Rs. 16.05 on the BSE.

The scrip opened at Rs. 16.10 and has touched a high and low of Rs. 16.30 and Rs. 15.80 respectively. So far 2,60,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 48.60 on 06-Oct-2010 and a 52 week low of Rs. 15.70 on 29-Sep-2011.

Last one week high and low of the scrip stood at Rs. 16.70 and Rs. 15.70 respectively. The current market cap of the company is Rs. 2,558.00 crore.

The promoters holding in the company stood at 54.25% while Institutions and Non-Institutions held 28.32% and 17.43% respectively.

GVK Power & Infrastructure (GVK Power) wholly owned subsidiary (WOS) - GVK Transportation has emerged as the selected bidder through International Competitive Bidding (ICB) for the four laning of Shivpuri Dewas section of National Highway No.3 in the State of Madhya Pradesh to be executed as BOT (Toll) project on Design, Build, Finance, Operate & Transfer pattern under the National Highways Development Program (Phase IV) of National Highways Authority of India (NHAI). Accordingly, NHAI has issued a letter of award to GVK Transportation.

The project road lies on National Highway No.3 one of India's major national highways commonly referred to as Mumbai - Agra highway and a vital trade corridor connecting Western / Central India to Northern India with a length of 332 kilometers has a concession period of 30 years including a construction period of 2.5 years. The concession agreement for the project would be signed shortly.

GVK Power & Infrastructure is engaged in infrastructure development in areas of power, airports and roads. Incorporated in 1994, the company till date has invested over Rs 5,000 crore in infrastructure projects.

GVK Power & Infra Share Price

3.01 0.05 (1.69%)
22-Apr-2026 15:40 View Price Chart
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