On 25 October 2017
GVK Power & Infrastructure announced that its subsidiary, Mumbai International Airport, has received a Letter of Award on 25 October 2017 from City and Industrial Development Corporation, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport Project.In February 2017, MIAL was declared the wining bidder for the greenfield project that will be built on 1160 hectares in a Public Private Partnership mode with CIDCO. MIAL will hold a 74% stake while the remaining 26% will be with CIDCO.
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