Housing Development and Infrastucture Ltd (HDIL) and GVK Infra have settled the dispute over the cancellation of slum rehabilitation agreement at Mumbai airport. The settlement is a win-win for both the companies, said Sarang Wadhawan, Managing Director of HDIL.
GVK Infra is in talks with Essel Infra to sell Deoli-Kota road project in Rajasthan, according to people privy to the talks. They say the deal is likely to be valued at around the book value of Rs 1,000 crore, reports CNBC-TV18‘s Navin Shetty.
Sanjay Reddy, the vice chairman of GVK Infra and the director of GVK Power says the company will provide the additional documents to the Australian federal government for the environmental clearance and expects a positive outcome soon.