GVK Power and Infrastructure has announced that it has completed the stake sale in Bangalore International Airport Project (BIAL).
Tag: GVK Power
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Fairfax buys 33 per cent in Bengaluru Airport
Prem Watsa-backed Fairfax has bought a 33 per cent stake in Bangalore International Airport for Rs.2,149 crore from GVK Power and Infrastructure, which is selling assets to pare debt. Canadian billionaire Watsa controls travel operator Thomas Cook and will become the largest shareholder in BIAL, India's first newly built PPP international airport.
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Alstom secures GVK contract
Alstom has bagged a contract worth about Rs 850 crore from GVK Power and Infrastructure to provide equipment for the 850 MW Ratle hydropower project in Jammu and Kashmir. The contract calls for Alstom to supply four 205 MW Francis turbine units and one 30 MW unit. The turbines will be manufactured at the company's facility in Vadodara. Alstom said it expects it to be commissioned in 2017.