GVK Power & Infrastructure rose 2.17% to Rs 9.89 at 9:47 IST on BSE after the company said that its step down subsidiary has successfully synchronised a power plant unit.
The announcement was made on Saturday, 11 April 2015.
Meanwhile, the S&P BSE Sensex was up 27.31 points or 0.09% at 28,906.69.
On BSE, so far 2.13 lakh shares were traded in the counter as against average daily volume of 14.85 lakh shares in the past two weeks.
The stock hit a high of Rs 9.97 and a low of Rs 9.75 so far during the day.
GVK Power & Infrastructure (GVK Power) said that the 330 megawatts (MW) (4x82.50 MW) Alaknanda Hydro Power Company, a step down subsidiary of the company has successfully synchronised its first unit of 82.50 MW with the grid on 10 April 2015 and is generating at full load. The synchronisation of second and third units with the grid are expected during this month and the last unit (fourth) is likely to be commissioned by next month, GVK Power said.
On consolidated basis, GVK Power & Infrastructure reported net loss of Rs 209.12 crore in Q3 December 2014, higher than net loss of Rs 45.43 crore in Q3 December 2013. Net sales rose 7.7% to Rs 791.92 crore in Q3 December 2014 over Q3 December 2013.
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GVK Power & Infrastructure is a leading Indian conglomerate with presence across energy, resources, airports, transportation, hospitality and life sciences sectors.
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