Breaking News

You are here » Indian-Commodity  :  Corporate  :  GVK Power to divest unit II of Jegurupadu gas-fire power plant: Report

28-Sep2017

GVK Power to divest unit II of Jegurupadu gas-fire power plant: Report

GVK Power & Infrastructure has reportedly decided to divest the 228 MW Unit II of the Jegurupadu gas-fire power plant and possibly sell other gas plants under the company portfolio.

The decision to divest Unit II, which has a debt of Rs 480 crore on its books, was taken in the backdrop of the lack of clarity on fuel linkages to run the plants in spite of waiting for several years.

GVK Power and Infrastructure is an infrastructure development company. It engages in infrastructure and urban infrastructure projects. The company provides operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports and infrastructure companies.


Related News

View all news

GMR Infrastructure's arm launches Airport Radio in Hyderabad

GMR Infrastructure's subsidiary -- GMR Hyderabad International Airport (GHIAL) has launched South India's first Airport Radio under its signature '#PassengerIsPrime' programme at Rajiv Gandhi International......

CRISIL reports 30% rise in Q3 consolidated net profit

CRISIL has reported results for third quarter ended September 30, 2018.The company has reported a rise of 18% in its net profit of Rs 65.29 crore for the quarter under review as compared to Rs 55.33 crore......

Genesys initiates aerial survey for Jaipur's 3D city model project

Genesys International Corporation has started the mapping of the city of Jaipur using an array of latest technologies to create the most accurate and realistic 3D models of each and every structure in......

Top News

View all news

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19.For the period April-September 2018, Hero MotoCorp......

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared......

Infosys crosses $2 billion large deal signings in Q2 FY19

Infosys has crossed $2 billion large deal signings in Q2 FY19. Besides, the company's digital revenues stood at $905 million in Q2 FY19 (31.0% of total revenues), year-on-year growth of 33.5% and sequential......