GVK Power & Infrastructure Ltd. News and Updates

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GVK Power & Infrastructure Ltd.

26 May 2023

4.09

-1.21%

GVK Power Standalone March 2023 Net Sales at Rs 2.50 crore, down 75% Y-o-Y

Moneycontrol

GVK Power & Infrastructure Ltd. is trading above its 100 day SMA of 3.9

GVK Power & Infra Q4 Results: Firm reports cons net loss of 35 crore, revenue plunges 69%

livemint | 26 May 2023

GVK Power & Infrastructure Ltd.

06 Mar 2023

4.09

-1.21%

GVK promoter sells Jubilee Hills properties in Hyderabad for Rs 74crore

Moneycontrol

The deed of sale documents were registered on January 9.

GVK Power & Infrastructure Ltd. has lost -62.99% in the last 1 Year

GVK Power & Infrastructure Ltd.

08 Feb 2023

4.09

-1.21%

GVK Group rebuts Rahul's statement, says no pressure to sell Mumbai airport

Business Standard

Business conglomerate GVK Group on Wednesday categorically said there was no "extraneous pressure" from anyone to sell its stake in Mumbai airport as alleged by Congress leader Rahul Gandhi. The company's comments came a day after Gandhi alleged in Lok Sabha that "Mumbai airport, was taken away from GVK using agencies such as the CBI and the ED, and was given to Adani by the Government of India". "GVK reiterates that the decision to sell its stakes in Mumbai Airport to Adani, was taken by the management and there was absolutely no question of any extraneous pressure being exerted on us," GVK Group spokesperson told PTI. Adani Group, which is currently in the eye of a storm over the recent report by short-seller Hindenburg Research related to its company's business dealings, took over the management of the Mumbai airport from GVK Group in July 2021. While explaining the circumstances that led to the sale of the airport, GVK Group Vice Chairman Sanjay Reddy told a TV channel that it

GVK Power & Infrastructure Ltd. is trading below its 150 day SMA of 4.2

GVK Power & Infrastructure Ltd.

03 Jan 2023

4.09

-1.21%

Graft case against GVK firm, Mumbai International Airport transferred to lower court

Moneycontrol

The Central Bureau of Investigation (CBI) said that during its probe no role of public servants surfaced in the alleged corruption case.

GVK Power & Infrastructure Ltd. is trading below its 150 day SMA of 4.2

GVK Power & Infrastructure Ltd.

11 Nov 2022

4.09

-1.21%

GVK Power net profit falls manifold to Rs 153.87 crore in Sep qtr

Business Standard

GVK Power and Infrastructure Limited (GPIL) on Friday posted a multifold fall in its consolidated net profit to Rs 153.87 crore during the September 2022 quarter due to higher expenses. Its profit was Rs 2,395.01 crore in the July-September period of the preceding 2021-22 fiscal, the company said in a BSE filing. The company's total income increased to Rs 1,012.05 crore from Rs 93.71 crore in the year-ago period. Expenses soared to Rs 840.10 crore against Rs 182.24 crore a year ago. GVK is a leading Indian conglomerate with diversified interests across various sectors, including energy, airports, transportation, hospitality and life sciences.

GVK Power & Infrastructure Ltd. is trading above its 100 day SMA of 3.9

GVK Power & Infrastructure Ltd.

12 Aug 2022

4.09

-1.21%

GVK Power & Infrastructure's net loss widens to Rs 400 crore in Q1

Business Standard

Total income of the company rose to Rs 620.37 crore in the quarter from Rs 73.21 crore a year ago.

GVK Power & Infrastructure Ltd. is trading below its 150 day SMA of 4.2

GVK Power Infra loss widens to Rs 400 crore in Q1

Moneycontrol | 12 Aug 2022 1 more

GVK Power & Infrastructure Ltd.

11 Jun 2022

4.09

-1.21%

6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default

Business Standard

The banks have sued GVK Group-owned GVK Coal Developers over a dispute on a $1-billion loan and $35-million letter of credit facility and a $160-million loan