The GVK led Navi Mumbai International Airport Pvt. Ltd. has announced the financial closure for construction of the First Phase of the Navi Mumbai International Airport.
The financial closure has been successfully achieved on 7th July, 2018. Concession Agreement for Navi Mumbai International Airport was signed on 8th January, 2018 between Navi Mumbai International Airport Pvt. Ltd. and City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO)
YES Bank Ltd to be the lead bank and mandate lead Manager for Phase I and Phase II of NMIAL Project.
Dr. GVK Reddy, Executive Chairman for both MIAL and NMIAL, said on the occasion, "I am extremely happy that we have achieved the financial closure on schedule. This will now enable us to focus on the next steps, which is the construction and completion of the first phase of yet another landmark airport in India."
Shares of GVK POWER & INFRASTRUCTURE LTD. was last trading in BSE at Rs.9.58 as compared to the previous close of Rs. 9.57. The total number of shares traded during the day was 172336 in over 249 trades.
The stock hit an intraday high of Rs. 9.72 and intraday low of 9.28. The net turnover during the day was Rs. 1636491.