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GVK receives Federal approval for abbot point port development

10 Dec 2013 Evaluate

GVK has received the Australian Federal Government's approval for its Abbot Point Port Capital Dredging programme. This move finalises Ministerial environmental approvals for its Galilee Basin coal assets and associated infrastructure.  Achieving this final environmental approval from the Federal government is a significant milestone towards the development of GVK Hancock's Terminal 3 (13) port facilities, and Galilee Basin coal assets including the Alpha, Alpha West and Kevin's Corner coal projects, along with the construction of a rail solution to the Abbot Point Port.

Together with the previously received clearances for the Alpha mine, the rail to Abbot Point and the EPBC Act approval for the port, GVK Hancock has solidified its leading position in the Galilee Basin of Queensland, Australia.

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

2.86 0.05 (1.78%)
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