Hot Pursuit     09-Jan-14
GVK Power firms up on buzz of inauguration of new airport terminal
GVK Power & Infrastructure rose 5.41% to Rs 9.94 at 15:20 IST on BSE on reports the company will inaugurate the newly developed terminal-II at the Mumbai international airport on Friday, 10 January 2014.

Meanwhile, the BSE Sensex was down 14.22 points, or 0.07%, to 20,715.16.

On BSE, so far 50.13 lakh shares were traded in the counter, compared with an average volume of 12.17 lakh shares in the past one quarter.

The stock hit a high of Rs 10.19 and a low of Rs 9.51 so far during the day. The stock hit a record low of Rs 5.52 on 6 August 2013. The stock hit a 52-week high of Rs 15.75 on 9 January 2013.

The stock had outperformed the market over the past one month till 8 January 2014, rising 15.14% compared with the Sensex's 1.27% fall. The scrip had also outperformed the market in past one quarter, rising 27.60% as against Sensex's 3.73% rise.

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

A consortium headed by the GVK group was awarded the mandate of modernizing, upgrading and expanding Chhatrapati Shivaji International Airport (CSIA) in May 2006.

CSIA handled traffic of 30.03 million passengers and more than 639,063 tonnes of cargo in 2012-13. With the addition of the new integrated terminal-II (T2) and the cargo complex, it will be capable of handling 40 million passengers and 1.50 million metric tonnes of cargo annually.

Media reports suggest that although the T2 is being inaugurated on Friday (10 January 2014), its commercial operations is likely to start in couple of weeks.

On a consolidated basis, GVK Power & Infrastructure reported a net loss of Rs 57.19 crore in Q2 September 2013, higher than the net loss of Rs 43.66 crore in Q2 September 2012. Net sales rose 8.1% to Rs 691.91 crore in Q2 September 2013 over Q2 September 2012.

GVK is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.

Previous News
  GVK Power hits the roof on appointing Sanjeev Kumar Singh as CFO
 ( Hot Pursuit - 26-Sep-23   13:01 )
  GVK Power & Infrastructure to hold AGM
 ( Corporate News - 13-Jul-16   16:25 )
  GVK Power & Infrastructure's GVK Hancock gets environmental clearance
 ( Corporate News - 09-Oct-14   12:53 )
  GVK Power & Infrastructure's director passed away
 ( Corporate News - 22-Jun-12   15:46 )
  GVK Power & Infrastructure reports consolidated net profit of Rs 219.74 crore in the December 2021 quarter
 ( Results - Announcements 10-Feb-22   15:37 )
  GVK Power and Infrastructure
 ( Results - Analysis 30-Jan-10   19:06 )
  GVK Power & Infrastructure to announce Quarterly Result
 ( Corporate News - 03-Aug-21   16:25 )
  GVK Power gains as promoter raises stake
 ( Hot Pursuit - 07-Dec-16   11:28 )
  GVK Power & Infrastructure to announce Q3 results
 ( Corporate News - 12-Jan-11   14:19 )
  GVK Power & Infrastructure reports net loss of Rs 6.61 crore in the June 2013 quarter
 ( Results - Announcements 12-Aug-13   12:48 )
  GVK Power & Infrastructure to hold board meeting
 ( Corporate News - 20-Oct-15   10:03 )
Other Stories
  Dhanlaxmi Bank gains as gross advances rises 6% YoY in Q1 FY25
  05-Jul-24   15:27
  HDFC Bank Ltd leads losers in 'A' group
  05-Jul-24   15:00
  Shilpa Medicare sizzles after Unicycive gets positive results in clinical trials of OLC
  05-Jul-24   14:52
  Manugraph India Ltd leads losers in 'B' group
  05-Jul-24   14:45
  NSE SME Nephro Care India rallies on listing day
  05-Jul-24   14:45
  ESAF SFB total deposits jumps 33% YoY in Q1
  05-Jul-24   14:43
  Utkarsh SFB deposits climb 30% YoY in Q1 FY25
  05-Jul-24   14:35
  Volumes soar at Medplus Health Services Ltd counter
  05-Jul-24   14:30
  Financials stocks slide
  05-Jul-24   14:00
  Banking stocks edge lower
  05-Jul-24   14:00
Back Top