Meanwhile, the S&P BSE Sensex was down 186.56 points, or 0.55% to 33,824.20.

On the BSE, 8.25 lakh shares were traded in the counter so far compared with average daily volumes of 10.60 lakh shares in the past one quarter. The stock had hit a high of Rs 18.70 and a low of Rs 17.85 so far during the day. The stock hit a 52-week high of Rs 27.85 on 16 January 2018. The stock hit a 52-week low of Rs 5.05 on 25 May 2017.

The stock had underperformed the market over the past 30 days till 16 February 2018, falling 22.73% compared with 3.54% fall in the Sensex. The scrip had outperformed the market in past one quarter, rising 10.53% as against Sensex's 2% rise. The scrip had also outperformed the market in past one year, rising 166.02% as against Sensex's 19.47% rise.

The small-cap company has equity capital of Rs 157.92 crore. Face value per share is Re 1.

GVK Power and Infrastructure (GVKPIL) announced that Prme Minister Narendra Modi performed the ground breaking ceremony and unveiled the foundation stone plaque for the Navi Mumbai International Airport at a function held at the site in the presence of other dignitaries including Ch. Vidyasagar Rao, Governor of Maharashtra, Devendra Fadnavis, Chief Minister of Maharashtra, Nitin Gadkari, Union Minister of Road Transport & Highways, Shipping and Water Resources and P. Ashok Gajapathi Raju, Union Minister for Civil Aviation.

On 8 January 2018, GVKPIL announced signing of the concession agreement for the Navi Mumbai International Airport project. The concession agreement was signed through the creation of a special purpose vehicle viz., Navi Mumbai International Airport (NMIAL) with CIDCO, the nodal authority of the Government of Maharashtra for implementation of this project. GVKPIL through its subsidiary, Mumbai International Airport (MIAL) holds 74% equity shares of NMIAL while CIDCO holds the balance 26%. The initial concession period is 30 years from the appointed date which is extendable for a further 10 years.

GVKPlL's subsidiary, MIAL, was declared the successful bidder in February 2017 for the Navi Mumbai International Airport project and had received the Letter of Award from CIDCO on 25 October 2017.

GVK Power & Infrastructure reported net profit of Rs 10.94 crore in Q3 December 2017 as against net loss of Rs 0.71 crore in Q3 December 2016. Net sales declined 56.04% to Rs 3.13 crore in Q3 December 2017 over Q3 December 2016.

GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences.