Latest Quotes | Charts | News/Announcements | Quarterly Results | P&L | Price History
Since January 2009, there have been several positive developments that improved returns on project SPVs and addressed liquidity issues. The developments include:
- 10% rise in aero revenue at Mumbai International Airport Ltd (MIAL)
- The levy of ADF to mobilize Rs15.4bn over FY10-FY13 towards MIAL's development costs
- Relaxations of land use (~20m square feet development) at MIAL, including commercial development
- Availability of gas from the KG basin, leading to commissioning of 694MW power capacity
- Raising Rs 7.2bn through a recent QIP, which provides growth capital
- GVK expected to report consolidated net profit CAGR of 72% over FY09-FY11, from Rs 1.1b in FY09 to Rs 3.2bn in FY11. This will be driven largely by power, given commissioning of JP II and Gautami projects in 1QFY10 |
No comments:
Post a Comment