GVK Hancock is a joint venture between India's GVK Power & Infrastructure Ltd and Australian billionaire Gina Rinehart.
GVK Hancock said on Tuesday it would work with regulators and landholders to meet strict court-set conditions to gain a lease for its USD 10 billion Alpha coal mine, rail and port project.
GVK Hancock, a joint venture between India's GVK Power & Infrastructure Ltd and Australian billionaire Gina Rinehart, had already won state and federal government approval for the project in Queensland state's untapped Galilee Basin.
The Land Court of Queensland on Tuesday recommended the state government approve the mining lease only if strict conditions are met to deal with objections made under the Mineral Resources Act and the Environmental Protection Act.
Also Read: GVK seeks Rs 180 cr refund for surrender of gas blocks
GVK Power stock price
On April 07, 2014, GVK Power & Infrastructure closed at Rs 12.10, up Rs 0.01, or 0.08 percent. The 52-week high of the share was Rs 12.65 and the 52-week low was Rs 5.52.
The latest book value of the company is Rs 15.84 per share. At current value, the price-to-book value of the company was 0.76.
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