Tuesday 8 November 2016

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Benchmark indices remained rangebound with the Nifty hovering around 8500. The Sensex was down 5.21 points at 27453.78 and the Nifty fell 1.55 points to 8495.50. About 1546 shares declined against 1119 advancing shares on the BSE. 12:50 pm Agreement: GMR Airports (GAL), a subsidiary of GMR Infrastructure Limited, today signed the concession agreement with Government of Goa for the development and operation of north Goa’s Greenfield International Airport at Mopa.

As per the concession agreement, GMR will design, build, finance and operate the international airport for 40 years with extension option for another 20 years. The construction period for the first phase of the project is three years from the date of financial closure and is expected to be operational by mid of 2020.

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