Navi Mumbai International Airport

The commercial area at Mumbai airport is proposed to be increased from 28,000 square metres to 47,000 square metres

However, rating agency says strengths partially offset by risks associated with delay in tariff orders and air traffic

Real estate and infrastructure sector investments took the top spot in May 2022, recording $1.7 billion in investments

The capital raise comes in the backdrop of recovery in domestic air traffic and resum­ption of scheduled internatio­nal services from March-end

State Bank of India (SBI) has underwritten the entire debt requirement of Rs 12,770 crore for the NMIA Project

Milestone achieved by raising Rs 12,770-crore loan from SBI

Town planning authority CIDCO on Sunday asked land owners who come within NAINA, to submit consent letters as soon as possible to fast-track development plans in the area.

August-end loan deadline brought GVK to negotiating table

The move led arbitral tribunal to vacate the order of injunction that had restrained Bidvest and ACSA from selling their shares to any third party, firm says in response to legal notice

Under the transaction, Adani Group will acquire 50.5 per cent stake of GVK group

Project has been under planning for past 15 years but failed to close financially as GVK group, from whom Adani is taking over, is neck deep in problems

Makes group second-largest private airport operator

The CBI investigation of money laundering by GVK Airport Holdings adds another chapter to the long saga of controversy and delay that have bedevilled airport privatisation since inception

Cidco's queries to GVK group on its financial health comes as the latter has been unable to secure funds from banks and start work on the project.

Infrastructure major L&T on Tuesday said its construction arm has bagged the contract for construction of the Navi Mumbai International Airport. The company did not provide value of the contracts but said the orders fall under "major" category which ranges between Rs 5,000 crore and Rs 7,000 crore as per its classification of contracts. "The transportation infrastructure and buildings and factories businesses of L&T Construction have secured a prestigious project from the Navi Mumbai International Airport Private Ltd (NMIAPL) for the engineering, procurement and construction of the greenfield Navi Mumbai International Airport at Navi Mumbai," L&T said in a regulatory filing. The passenger terminal building is being developed to initially handle a capacity of 10 MPA (million passengers per annum). The project will subsequently be enhanced to handle 20 MPA, the company added. Shares of the company were trading at Rs 1,314 apiece, down 1.06 per cent, from their previous close

This will be Zaha Hadid's first major project in the Indian sub-continent

Globalisation is a reality and top infrastructure is needed to keep pace with it, said PM Modi

GVK group had bagged the financial bid to build and operate the second international airport in Mumbai

The firm has been offering 22.5% developed plots as compensation to those whose land has been acquired