Tuesday, 14 February 2017

Sensex, Nifty open flat >> Ripples Financial Advisory|Intraday Tips Provider

Shares of GVK Power touched 52-week high of Rs 7.70, rising nearly 17 percent intraday Tuesday as it has won the bid to develop the Navi Mumbai airport. GVK, which operates Mumbai international airport, has won a bid to develop Navi Mumbai airport beating its competitor GMR Infrastructure, which is operating New Delhi airport. 

The said airport, first proposed in 1997 and approved by the government in 2007, has been delayed by problems related to land acquisition and securing environmental clearances, which is expected to be operational in 2019. GVK Power's board will meet on February 14, to consider and take on record the unaudited standalone financial results for the quarter and nine months ended December 31, 2016 (Q3).

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