MIHAN India Limited, the concessioning authority for development of Nagpur Airport has annulled the bidding process for the Upgradation, Modernization, Operation and Maintenance of Nagpur Airport, previously awarded to the GMR Airports Limited (GAL), a subsidiary of the Company.
GAL and its associates have initiated for appropriate legal remedies in this regard.
Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.17.2 as compared to the previous close of Rs. 16. The total number of shares traded during the day was 2655975 in over 5508 trades.
The stock hit an intraday high of Rs. 17.6 and intraday low of 16. The net turnover during the day was Rs. 45458643.