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Mar 16, 2016 09:40 AM ISTThe government on Tuesday saw lukewarm response to its third auctioning under the gas pooling scheme for stranded power plants, receiving bids for only 7.2 mmscmd.
Feb 29, 2016 10:59 AM IST In an interview to CNBC-TV18's Shereen Bhan, Sanjay Reddy, VC, GVK Power & Infrastructure, Sumit Mazumder, President of CII and Rajiv Memani of EY expressed and discussed their expectations on Arun Jaitely's Union Budget.
Mar 31, 2015 11:31 AM IST The company‘s Alakhnanda Hydropower project of 330 megawatt capacity is expected to start commercial operations next month.
Nov 17, 2014 12:49 PM IST The total debt of the Hyderabad-based company stands at Rs 23,700 crore.
Aug 27, 2014 09:58 AM IST Sanjay Reddy, vice chairman, GVK Power says the deal comes as the realty sector is seeing greenshoots of revival under the Modi-led government.
Feb 07, 2014 10:39 AM IST Sanjay Bhatia, vice chairperson and managing director, CIDCO, says the company will hold 26 percent stake in the new airport.
Feb 07, 2014 09:35 AM IST 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).
Jan 14, 2014 08:02 PM IST The L&T mangement said that it would take another six to seven months to break the existing Sahar.
Jan 10, 2014 09:09 PM IST GVK Reddy, chairman and Sanjay Reddy, vice-chairman of GVK Group in an interview to CNBC-TV18 discuss what went behind the scenes in terms of putting this new airport together.
Dec 30, 2013 12:32 PM IST In an interview with CNBC-TV18, Isaac George, Director - Finance, GVK Power and Infrastructure, spoke about its consortium, Mumbai International Airport Ltd, provided a status update about the construction work at the airport and discussed the company‘s other projects.
Aug 27, 2013 04:48 PM IST The shift to power projects may be a positive development, but it all depends on the quantum of gas that will be made available for the power sector. Unless and until the quantum of gas is enough to operate power projects at 70-80 percent capacity, it will not make much sense because the losses on account of heat rate would be substantial
Aug 13, 2013 11:45 AM IST In an interview to CNBC-TV18, Isaac George, CFO, GVK said that power segment loss is around Rs 50 crore Q-o-Q.
Jun 24, 2013 04:58 PM IST Parag Parikh, ED & CFO of Gammon Infra believes that the new exit norms are a welcome move by CCEA. He told CNBC-TV18 that it is not a solution for projects, which are not viable fundamentally. However, substitution is open for all viable commissioned projects, he added.
May 16, 2013 11:30 AM IST GVK Power and Infra is keen to address fuel shortage concerns which may hurt financials in FY14.
Apr 08, 2013 11:46 AM IST The year 2012-13 was one of the most challenging years in terms of awarding of projects, says National Highways Authority of India (NHAI) chairman RP Singh.
Mar 18, 2013 10:52 PM IST GVK Power and Infrastructure, which operates Mumbai and Bengaluru airports today, denied the reports suggesting that the company was looking for overseas listing of its airport business.
Mar 01, 2013 01:00 PM IST The appointment of new road regulator is a welcome move, Isaac George, Dir-Fin & CEO-Transportation, GVK Power told CNBC-TV18 cheering Budget 2013.
Feb 15, 2013 04:29 PM IST Last month GVK Power terminated contract with the National Highways Authority (NHAI) for constructing Shivpuri-Dewas expressway. The company however did not divulge reasons of its exit from the project but media reports suggested that it was due to delay in environmental clearances.
Jan 24, 2013 05:25 PM IST In an economy where high borrowing costs and hurdles in acquiring land are impacting infrastructure projects, companies like Ramky Infra are looking forward to announcement of policy reforms by the government
Jan 17, 2013 09:23 PM IST In an interview to CNBC-TV18, RP Singh, chairman, National Highway Authority of India (NHAI) spoke about the environmental issues as well as the lack of private equity for roads construction.
Nov 12, 2012 05:18 PM IST Isaac George, CFO of GVK Power & Infrastructure said the plant load factor (PLF) of one of the power plants in Andhra Pradesh is operating at about 60 percent due to the shortage of gas.
Oct 17, 2012 05:52 PM IST Passengers can expect some relief after airport development fee (ADF) is scrapped from January, said civil aviation minister Ajit Singh. He said that Airports Authority of India (AAI) has made around RS 5,000 crore in the last five years by charging ADF at Mumbai and Delhi airports.
Oct 15, 2012 11:07 AM IST Sanjay Reddy of GVK Power & Infrastructure says Airports Economic Regulatory Authority (AERA) has floated consultation papers on tariff last week. "We expect that by December the tariff will be announced officially. The consultation paper suggests that from January 1, 2013 it will become effective," he adds.
Aug 09, 2012 11:27 AM IST Isaac George of GVK Power says, the company will continue to operate at lower levels of PLF. I think it will be around 40-45% and not beyond that during the Q2 also, unless and until the government takes a decision to supply LNG or RLNG to take care of the deficit in the state.
Aug 07, 2012 05:48 PM IST Last week 21 Indian states plunged into darkness as the northern, north-eastern and eastern grids collapsed. Power was restored within the day but, India's abysmal infrastructure created headlines around the world. An embarrassed government put up a brave defense.
