The GVK Group that runs the swanky MIAL (Mumbai International Airport), pipped rival GMR Group on February 13, 2017, to bag the contract for the proposed international airport in Navi Mumbai, which will ease R
When bids for Navi Mumbai airport project open next week, GMR Group and Tata Realty will abstain from bidding for the Navi Mumbai airport project due to "onerous" bid conditions, Business Standard reported Wednesday.
US buyouts firm TPG Capital, Singapore sovereign fund Temasek, Canada‘s CPP Investment Board and Prem Watsa‘s Fairfax Financial Holdings are in lining up to acquire as much as 49 percent in Mumbai International Airport Ltd (MIAL) from the GVK group
Mumbai International Airport Pvt Ltd (MIAL), where GVK is the majority stakeholder, operates the Mumbai airport and the dispute has been going on with HDIL since termination of the agreement in February 2013.
The Bombay High Court today asked city-based firm SGI Commex, which claims to have won the auction of Vijay Mallya's luxury jet, to file an affidavit in response to a petition filed by Mumbai International Airport Ltd (MIAL), seeking taxes and hangar charges of Rs 3.95 crore.
The Directorate General of Civil Aviation (DGCA) has informed the Bombay High Court that 112 buildings within a four km radius of the domestic and international airports in Mumbai, have come up in violation R
Turkish Airlines, Europe’s best airline for the fifth consecutive year*, celebrated 10 years of its operations in Mumbai, last week, at ...
GVK's Mumbai International Airport Pvt Ltd (MIAL) is a Public Private Partnership (PPP) 74:26 joint venture between GVK-led consortium and Airports Authority of India (AAI).
Shares of SpiceJet today tumbled nearly 8 percent after Mumbai Airport asked the budget carrier to immediately pay the pending dues of Rs 5 crore and provide a bank guarantee of Rs 15 crore.
GVK is setting up a 2x270 MW Thermal Power Plant at Goindwal Sahib tehsil in Tarn Taran district of Punjab, and both the units have been synchronised to the grid.
Hyderabad-based GVK Power and Infrastructure today said the subsidiary Mumbai International Airport (MIAL) has started monetisation of its commercial real estate by finalising lease of one of the parcel to Oasis Realty Private Limited.
Elaborate precautionary arrangements have been put in place at Delhi and Mumbai airports to screen passengers who are expected to come by various flights from and around the Ebola-hit Liberia.
GVK Group's Mumbai International Airport Ltd (MIAL) will be able to pocket close to Rs 1,000 crore by end of this financial year. Three companies are at final stages to lease out its phase one property and will commence work this year. CNBC-TV18's Manasvi Ghelani reports.
GVK's debt in Mumbai International Airport Pvt. Ltd (MIAL) currently stands at Rs 7,900 crore. MIAL is a joint venture between the GVK led consortium (74 percent) and Airports Authority of India (26 percent).
The Mumbai International Airport (MIAL) got a relief as the customs, excist and service tax appellate tribunal (CESTAT) rejected service tax department's demand to tax development fee as it was a service being rendered.
The court noted that this is a public utility project and such delays invariably affect the public at large.
Due to fuel scarcity issues, the firm‘s power biz revenues slipped 80 percent to Rs 86.6 crore. The vertical‘s EBIT loss stood at Rs 35.2 crore versus Rs 14.8 crore EBIT profit year-on-year
The battle between HDIL and MIAL raged on in the Bombay High Court. Mumbai's slum rehabilitation authority argued for its right to reposses the built tenements.
MIAL argued that failure to meet deadlines was a clear breach of contract by HDIL and that no relief should be provided.
A little over a month ago, HDIL had moved the court against MIAL, SRA and also Mumbai Metropolitan Regional Development Authority (MMRDA) after MIAL terminated the slum rehabilitation contract with it.
HDIL lost another 2 percent on Thursday after Mumbai International Airport Limited (MIAL) had sent a termination notice for its slum rehabilitation project.
Wipro Infotech has won a 10 year contract from Mumbai International Airport Ltd (MIAL) for providing IT (information technology) services for the new integrated terminal T2.
Kingfisher Airlines has been dealt another blow and this time by the Mumbai International Airport Limited (MIAL). The airport has given away 6 out of 11 of Kingfisher's airport slots to Indigo, reports CNBC-TV18‘s Sumit Jha quoting sources.
Shares of Kingfisher Airlines are down 3% on media reports that Mumbai International Airport Limited (MIAL) is contemplating an eviction notice directing the airline to vacate the space occupied by it at Terminal IA at the Mumbai Airport.
Despite the civil aviation ministry showing remarkable urgency in seeking to abolish airport development fee (ADF), its efforts have hit a roadblock with Mumbai airport operator GVK expressing its inability to infuse additional equity into the joint venture (JV). CNBC-TV18‘s Sumit Jha reports.