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GVK gets green nod to import coal

GVK gets green nod to import coal

GVK Power (Goindwal Sahib) Ltd, a subsidiary of GVK Power and Infrastructure, has got permission from the Environment Ministry to import coal from South Africa as a ´stop gap´ arrangement in case the company fails to get coal from its captive mines in Tokisud North sub-block in Jharkhand.

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Australian nod to GVK for port work

Australian nod to GVK for port work

For its Abbot Point port capital dredging programme, GVK Power and Infrastructure has received the Australian government´s approval. The Australia government has finalised the ministerial environmental approvals for its Galilee basin coal assets and associated infrastructure.

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Tariff dodging dents toll income on highways

Tariff dodging dents toll income on highways

Media reports say that private companies' investments into highways in India have taken a beating with the toll dodging practice by some sections of vehicles including those of politicians in the country. Ambulances, fire trucks and the cars of senior government officials are among those exempted from paying tolls, but other drivers often claim a free ride, say an official with GVK Power and Infrastructure.

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GVK Power has Rs 160 bn debt

GVK Power has Rs 160 bn debt

GVK Power and Infrastructure sits on a total consolidated debt of Rs 16,000 crore, according to the earnings results released by the company. Although this is lower than the debt level of some other companies in the infrastructure sector, interest cost on the debt is a huge drag on the firm's balance sheet. GMR Infrastructure, which is a peer company of GVK,

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GVK terminates pact for highway project

GVK terminates pact for highway project

GVK Power and Infrastructure terminated an agreement it had with the National Highways Authority of India (NHAI) to convert the Shivpuri-Dewas section of National Highway 3 into four lanes, involving 1,330 lane km. In a filing at stock exchange, the firm said the termination of the agreement for the highway project in Madhya Pradesh was in line with clause 34.8 of the conc

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GVK cancels highway contract with NHAI

GVK cancels highway contract with NHAI

After GMR, now it is GVK Power and Infrastructure which has terminated a contract with the National Highways Authority for building a section of road in Madhya Pradesh. GVK Shivpuri Dewas Expressway, a subsidiary of GVK Power and Infrastructure, has terminated the concession agreement, on January 12, executed by it with NHAI, the company said in a BSE filing on January 14.