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GVK gets the rights to build Navi Mumbai airport

GVK gets the rights to build Navi Mumbai airport

Tuesday, February 14, 2017, 10:09 AM

GVK Power & Infrastructure Ltd, which runs the Mumbai and Bengaluru airports, has got the permission to build Mumbai’s second airport in Navi Mumbai, beating arch rival GMR Infrastructure Ltd. GVK, through Mumbai International Airport Ltd, which runs the Mumbai airport, offered to share 12.60% of the revenue of the new airport with City and Industrial Development Corp. of Maharashtra (CIDCO).
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