GVK (conglomerate)

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GVK
Type Public
Traded as [1]
Industry Conglomerate
Founders GVK Reddy[2]
Headquarters Hyderabad, India
Number of locations India, Australia, Indonesia
Area served Worldwide
Key people ,[2] Sanjay Reddy,[3] Krishna Ram Bhupal[3]
Products Energy, Resources, Airports, Transportation, Hospitality, Life sciences
Operating income Increase INR2,491.83 Crores[1]
Profit Increase INR61.64 Crores[1]
Total assets Increase INR20,086.39 Crores(2011)[1]
Total equity Increase INR157.92 Crores (2011)[1]
Website GVK.com

GVK is an Indian conglomerate spanning across diverse sectors including Energy, Resources, Airports, Transportation, Hospitality and Life Sciences. Having already invested over Rs.24,000 crore (US$4.3 billion), GVK has projects in pipeline worth over another Rs.36,000 crore (US$6.6 billion) in India.

A pioneer, GVK set up India’s first independent power plant, first six-lane road project and the first brownfield airport under the Public Private Partnership model.

Businesses[edit]

Energy[edit]

GVK’s energy portfolio comprises CCPP (gas/naphtha-based), thermal (coal-based) and hydro power plants. Besides over 900 MW operational power plants, it has around 5000 MW projects under various stages of construction and development.

Projects under operation[edit]

Projects under development[edit]

Resources[edit]

Coal[edit]

Australia:

GVK has acquired 79% stake each in Alpha Coal and Alpha West Coal mines and 100% stake in Kevin’s Corner mines in Queensland, Australia for US$1.26 billion with total resources of about 8 billion tonne and a capacity of about 85 million tonne per annum. When combined, these projects will create one of the largest coal mining operations in the world. GVK has also acquired 100% stake in the 500 km rail line and up to 80 million tonne per annum port as part of the ‘pit-to-port’ logistics solution. The project envisages a total investment of US$10 billion. This acquisition was awarded as “Asia Deal of the Year” and “Asia Outbound Investor of the Year” at the 8th Asia Mining Awards 2012, Singapore. GVK has received all relevant approvals pertaining to mine, rail and port project from both State and Federal Govt. GVK Hancock and Aurizon have partnered to further the development of rail and port infrastructure for opening up of the Galilee Basin reserves. .[10]

India:

The coal mines at the Tokisud North Sub-Block and Seregarah Block in Jharkhand are being developed to cater to the requirements of upcoming Goindwal Sahib Thermal Power Project, Punjab.

Oil and Gas[edit]

GVK has partnered with BHP Billiton, one of the world’s largest diversified natural resource companies in the exploration of 7 deep water oil blocks of about 35000 km2 off the west coast of India. GVK is carrying out extensive study of existing seismic data and would also gather new 3D seismic API in priority areas for the exploration of new hydrocarbon resources in these blocks. .[11]

Airports[edit]

India[edit]

GVK’s foray into the aviation sector began with the modernization of Chhatrapati Shivaji International Airport (CSIA) in Mumbai. Further, with the acquisition of 43% stake in the Kempegowda International Airport(KIA) in Bengaluru. GVK became one of the largest airport operators in the country handling a combined traffic of about 44 mppa at these two airports. Both these airports are performing well and have won many accolades - CSIA being rated the third best airport globally for the second consecutive year in 25-40 mppa category for 2012 and KIA being Asia-Pacific’s first airport and world’s second to be certified in Business Continuity Management Systems. In one of the most significant achievements, GVK’s new iconic CSIA Terminal 2 was inaugurated at the hands of Hon’ble Prime Minister Dr. Manmohan Singh.The new T2 will is home to India’s largest public art programme(Jaya He), in the form of a 3 km multi-story Art Wall, illuminated by skylights, that has over 7000 pieces of artwork & artefacts from Maharashtra and also every region & corner of India.In yet another major achievement, GVK's Bengaluru International Airport has been renamed as Kempegowda International Airport, Bengaluru and a new terminal was inaugurated.With these two major airports being operational,GVK is set to expand in airport business both in India and abroad.[12][13][14]

Indonesia[edit]

GVK has collaborated with Airports Authority of Indonesia, AP1 for operations, management and development of commercial facilities at Denpasar International Airport, Bali. GVK is also developing an international greenfield airport in Yogyakarta, Central Java. . .[15][16][17]

Transportation[edit]

Roads:

GVK’s road portfolio includes 4 major projects, under various stages of construction and development. Jaipur-Kishangarh Expressway, Rajasthan, the first privately operated six-lane road project with 542.4 lane km. GVK’s other projects include:

a. Deoli - Kota Expressway (332.16 lane km), Rajasthan

b. Bagodara - Vasad Expressway (611.4 lane km), Gujarat

c. Shivpuri - Dewas Expressway (1329.84 lane km), Madhya Pradesh

.[18]

Ports:

GVK has signed an MoU with the Govt of Gujarat to develop a greenfield port at Okhamadi.

Hospitality[edit]

GVK has six TAJGVK properties in Hyderabad, Chandigarh and Chennai having a total key base of 1093. These include Taj Krishna, Taj Deccan, Taj Banjara and Vivanta by Taj in Hyderabad, Taj Chandigarh in Chandigarh and Taj Clubhouse in Chennai. GVK is also setting up hotel projects in the cities of Mumbai and Bengaluru.

.[19]

Life sciences[edit]

GVK Biosciences is a Contract Research Organization (CRO) employing more than 2000 scientists, support and analytical staff. From Discovery to Development, GVK BIO offers support at various phases of research including Analytical Services, Biology, Chemistry, Clinical Research, Clinical Pharmacology, Informatics and Process Research & Contract Manufacturing.

GVK EMRI[edit]

The GVK EMRI (108 emergency response number) is service that attends to every emergency situation, such as medical crisis, law and order situation or a fire disaster. This service is spread across 15states and two Union Territories with over 34,000 employees.[20] It runs around 7500 ambulances in a Public Private Partnership (PPP) agreement with state governments across India and caters to over 750 million lives.[21]

GVK Green Initiatives[edit]

Carbon Emission Reduction[edit]

  1. GVK CSIA has earned the Accreditation Level 2- REDUCTION for the year 2014-15, in recognition of their efforts to manage and reduce their CO2 emissions, as part of the airport industry’s response to the challenge of Climate Change.
  2. GVK Power & Infrastructure Limited leads Carbon Disclosure Leadership Index (CDLI) for utility sector in CDP-13.
  3. GVK KIA successfully upgrades its Airport carbon accreditation certification to Level 3 Optimisation, a major landmark in GVK’s sustainability initiatives.
  4. GVK Power & Infrastructure Ltd. has been ranked 2nd in the country across all sectors for its Carbon Disclosure Leadership Index (CDLI).[22]
  5. GVK CSIA, Mumbai has been awarded the globally recognized Airport Carbon Accreditation for 2012-13 by Airport Council International (ACI)for its pioneering Carbon Footprint Management system and processes implemented.[23]
  6. Various GVK Projects are eligible for carbon credits under Clean Development Mechanism.
  7. Bengaluru International Airport is one of the first Indian airports which has migrated its ground vehicles operation to Biofuel (supplied by Karnataka State Biofuel Development Board) with an objective to enhance energy efficiency and reduce carbon footprint.[24]
  8. GVK CSIA, Mumbai is the first Indian and the second Asian airport to be accredited the prestigious ISO 14064-1:2006 certification for its Carbon Emissions Accounting by Bureau Veritas, a global leader in carbon certification worldwide.[25]
  9. GVK CSIA is the first airport in India to voluntarily and proactively initiate its carbon footprint mapping process.[26]
  10. The World Environment Foundation has recognized GVK KIA to become the first airport to win the Golden Peacock Award for their excellent work on environmental management.[27]

References[edit]

  1. ^ a b c d e Power & Infrastructure, GVK. "Annual Finance Report 2011-12". 
  2. ^ a b GVK leadership
  3. ^ a b GVK, Website. "Board of Directors". Infrastructure. Retrieved 5 July 2013. 
  4. ^ a b http://www.gvk.com/ourbusiness/energy/gas.aspx
  5. ^ Pkant, GVK (2013-02-19). "GVK gets MoEF nod to use diesel in power plant". The Indian Express. Retrieved 20 June 2013. 
  6. ^ Correspondent, NDTV (2011-11-25). "L&T bags Rs. 827 crore orders for thermal power plant construction". NDTV Profit. Retrieved 20 June 2013. 
  7. ^ a b Bureau, Our (August 10, 2012). "GVK to commission Goindwal Sahib, Alaknanda plants early next year". Hindu Business Line. Retrieved 11 September 2013. 
  8. ^ Bureau, Our (2012-11-20). "L&T bags orders worth Rs 2,503 cr". Hindu Business Line. Retrieved 20 June 2013. 
  9. ^ a b News, Hydel Power. "GVK power plans Bogudiyar-Sirkari Bhyol HEP 170 MW". Sector specific News. IBIS. Retrieved 20 June 2013. 
  10. ^ weekly, Mining. "Queensland approves two new rail corridors". Retrieved 6 June 2012. 
  11. ^ BusinessLine, The Hindu. "GVK Coal (Tokisud) to rope in developer for captive coal mine". 
  12. ^ BusinessLine, The Hindu. "‘There are many challenges, including land acquisition'". 
  13. ^ Business Line, The Hindu. "GVK buys 14% stake in Bangalore airport from Siemens". 
  14. ^ ITWeb. "Airport scores business continuity first". 
  15. ^ "GVK Power bags 2 airport projects in Indonesia". Hindu Business Line. Jan 26, 2011. Retrieved 11 July 2013. 
  16. ^ "GVK Power and Infrastructure ties up with Indonesian Airport Authority". The Economic Times. Nov 8, 2012. Retrieved 11 July 2013. 
  17. ^ "GVK calls tenders for services contracts at Bali airport". The Economic Times. May 29, 2013. Retrieved 11 July 2013. 
  18. ^ BusinessWeek. "GVK Jaipur Expressway Private Limited". 
  19. ^ BusinessLine, The Hindu. "Taj GVK to set up hotel at Mumbai airport". 
  20. ^ Pioneer, The. "GVK Emergency appoints new CEO". 
  21. ^ GVK EMRI. "hompage". 
  22. ^ Agencies, The (Nov 19, 2011). "TCS, Wipro among top 10 in carbon disclosure leadership index". Times of India. Retrieved 11 July 2013. 
  23. ^ Shalya, Chinmayi (Apr 26, 2013). "Mumbai airport awarded the globally recognised Airport Carbon Accreditation for 2012-13 by Airport Council International (ACI)". Times of India. Retrieved 11 July 2013. 
  24. ^ Correspondent, DNA (Feb 22, 2012). "BIA uses bio-fuel for ground support". DNA. Retrieved 11 July 2013. 
  25. ^ "CSIA Among Top Performing Airports of 2012". Travel News. T3 News Network. Retrieved 11 July 2013. 
  26. ^ Shanbaug, Amit (Mar 14, 2013). "Mumbai's Chhatrapati Shivaji International Airport receives ISO 14064-1:2006 for carbon emissions accounting". The Economic Times. Retrieved 11 July 2013. 
  27. ^ Clark, Oliver. "Passage to India". Aviation News. Airport World. Retrieved 11 July 2013.