||This article appears to be written like an advertisement. (June 2014)|
|Number of locations||India, Australia, Indonesia|
|Key people|| Sanjay Reddy, Krishna Ram Bhupal|
|Products||Energy, Resources, Airports, Transportation, Hospitality, Life sciences|
|Operating income||2,491.83 Crores|
|Total assets||20,086.39 Crores(2011)|
|Total equity||157.92 Crores (2011)|
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.
- 1 Businesses
- 2 GVK Green Initiatives
- 3 References
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
- Jegurupadu Combined Cycle Power Plant, a 445 MW gas based thermal power plant. India’s first Independent Power Plant. Phase-1 of 217 MW, commissioned in 1997 in Andhra Pradesh. Phase-2 of 228 MW commenced operations in 2009.
- Gautami Combined Cycle Power Plant, Phase 1 of 469 MW, commenced operations in 2009.
Projects under development
- 800 MW Jegurupadu CCPP Phase 3, Andhra Pradesh.
- 800 MW Gautami CCPP Phase 2, East Godavari District, Andhra Pradesh.
- 540 MW Goindwal Sahib Power Plant, Punjab.
- 2 x 660 MW Coal Based Power Project, Punjab.
- 330 MW Shrinagar Hydro Electric Project, Uttarakhand.
- 850 MW Ratle Hydro Electric Project, Jammu and Kashmir.
- 146 MW Bogudiyar Sarkari Bhyol Hydro Electric Project, Uttarakhand.
- 200 MW Mapang Bogudiyar Hydro Electric Project.
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. .
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
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. .
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.
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. . .
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
GVK has signed an MoU with the Govt of Gujarat to develop a greenfield port at Okhamadi.
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.
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.
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. It runs around 7500 ambulances in a Public Private Partnership (PPP) agreement with state governments across India and caters to over 750 million lives.
GVK Green Initiatives
Carbon Emission Reduction
- 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.
- GVK Power & Infrastructure Limited leads Carbon Disclosure Leadership Index (CDLI) for utility sector in CDP-13.
- GVK KIA successfully upgrades its Airport carbon accreditation certification to Level 3 Optimisation, a major landmark in GVK’s sustainability initiatives.
- GVK Power & Infrastructure Ltd. has been ranked 2nd in the country across all sectors for its Carbon Disclosure Leadership Index (CDLI).
- 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.
- Various GVK Projects are eligible for carbon credits under Clean Development Mechanism.
- 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.
- 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.
- GVK CSIA is the first airport in India to voluntarily and proactively initiate its carbon footprint mapping process.
- 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.
- Power & Infrastructure, GVK. "Annual Finance Report 2011-12".
- GVK leadership
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- Agencies, The (Nov 19, 2011). "TCS, Wipro among top 10 in carbon disclosure leadership index". Times of India. Retrieved 11 July 2013.
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