The stock of GVK Power and Infrastructure is likely to witness market interest following receipt of approval for an Australian project. GVK Hancock, a JV between GVK and Hancock Prospecting, has received approval from the Australian Government for the expansion of Abbot Point Port. Before executing coal offtake agreements and financing arrangements, GVK has to receive other regulatory approvals too to begin construction work.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.