GVK Industries
This article contains content that is written like an advertisement. (June 2014) |
GVK Reddy (Chairman) G.V. Sanjay Reddy (Vice-Chairman) A. Issac George (CFO) | |
Products | Energy, Resources, Airports, Transportation |
---|---|
Revenue | ₹31.363 billion (US$390 million)(2015)[1] |
Number of employees | 50,000 (2017) |
Website | gvk |
GVK Industries Limited is an Indian conglomerate headquartered in Hyderabad with interests in several sectors including energy, airports, hospitality, transportation, real estate, pharmaceuticals and technology.[2] After acquiring Australian coal mines in Queensland for US$1.26 billion, GVK forecasts an investment of US$10 billion in mine, rail and port project. Its flagship company GVK Power & Infrastructure Limited is listed on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) as NSE: GVKPIL.[3]
Businesses
Energy
GVK's energy portfolio comprises CCPP (gas/naphtha-based), thermal (coal-based) and hydro power plants.
Projects under operation
- 469 MW Gautami CCPP, Andhra Pradesh commenced operations in 2009.[4]
- 228 MW Jegurupadu CCPP Phase 2 – 228 MW, Andhra Pradesh commenced operations in 2009 [4]
- 330 MW Srinagar HEP, Uttarakhand commenced operations in 2015 .[5]
- 540 MW Goindwal Sahib Thermal Power Project, Punjab, commenced operations in 2016 [6]
Projects under construction and development
- 850 MW Ratle Hydro Electric Project, Jammu and Kashmir
Resources
Coal
Australia:
GVK has secured 79% stake each in
Airports
India
GVK's thrust into the aviation sector set about with the modernization of
Between 2016 and 2018, GVK sold its stake in Bengaluru International Airport Limited (BIAL) to Fairfax India.[11] In 2021, GVK sold its operations at Mumbai International Airport Limited (MIAL) to the Adani Group.[12]
Indonesia
GVK has collaborated with the Airports Authority of Indonesia, Angkasa Pura Airports (AP1), for operations, management and development of non-aeronautical commercial services at
Transportation
Roads:
GVK's Jaipur – Kishangarh Expressway, Rajasthan, the first privately operated six-lane road project with 542.4 lane km. GVK's road portfolio encompasses other projects of over 900 lane km under various stages of construction and development:
Projects under operation
- Jaipur – Kishangarh Expressway (542.4 lane km), Rajasthan
- Deoli – Kota Expressway (332.16 lane km), Rajasthan
Projects under construction and development
- Badodara – Vasad Expressway (611.4 lane km), Gujarat
Ports
- GVK has signed an MoU with the Government of Gujarat, to develop a greenfield port at Okha.
Hospitality
GVK has seven TAJGVK properties across
References
- ^ "GVK Annual Financial report" (PDF). GVK. 1 January 2015.
- ^ Power & Infrastructure, GVK. "ABOUT GVK".
- ^ Power & Infrastructure. "Annual Finance Report 2011-12" (PDF).
- ^ a b "GVK - Our Business - Enegry - CCPP (Gas & Naptha)". gvk.com. Retrieved 3 April 2017.
- ^ "BHEL commissions 4th 82.5 MW at Uttarakhand hydel project - NetIndian". netindian.in. 11 June 2015. Retrieved 3 April 2017.
- ^ "Finally, Goindwal Sahib thermal plant to get going". hindustantimes.com. 26 January 2016. Retrieved 3 April 2017.
- ^ weekly, Mining. "Queensland approves two new rail corridors". Retrieved 6 June 2012.
- ^ "'There are many challenges, including land acquisition'". The Hindu.
- ^ "GVK buys 14% stake in Bangalore airport from Siemens". The Hindu.
- ^ "Airport scores business continuity first". ITWeb. 12 January 2012.
- ^ Kumar, V. Rishi (11 January 2018). "GVK to sell 10% stake in Bengaluru airport to Fairfax for ₹1,290 crore". Hindu Business Line. Retrieved 13 July 2021.
- ^ "Adani Group Takes Management Control Of Mumbai International Airport From GVK Group". Moneycontrol. 13 July 2021. Retrieved 14 July 2021.
- ^ "GVK Power bags 2 airport projects in Indonesia". Hindu Business Line. 26 January 2011. Retrieved 11 July 2013.
- ^ "GVK Power and Infrastructure ties up with Indonesian Airport Authority". The Economic Times. 8 November 2012. Retrieved 11 July 2013.
- ^ "GVK calls tenders for services contracts at Bali airport". The Economic Times. 29 May 2013. Retrieved 11 July 2013.