GVK Industries

{{Short description|Indian conglomerate company}}{{advert|date=June 2014}}

{{Use dmy dates|date=September 2020}}

{{Use Indian English|date=September 2015}}

{{Infobox company

| name = GVK Industries Limited

| logo = File:GVK Power & Infrastructure Limited Logo.svg

| logo_size = 250px

| caption high gbd =

| type = Private

| traded_as =

| genre =

| fate =

| predecessor =

| successor =

| founded = {{Start date and age|2005|04|20|df=yes}}

| founder = G. V. Krishna Reddy

| defunct =

| location_city = Hyderabad, Telangana

| key_people = {{Unbulleted_list|G. V. Krishna Reddy
{{small|(Chairman)}}|G. V. Sanjay Reddy
{{small|(Vice-Chairman)}}|A. Issac George
{{small|(CFO)}}}}

| locations = India, Australia, Indonesia

| industry = Conglomerate

| products = {{Bulleted_list|Energy|Resources|Airports|Transportation}}

| num_employees = 50,000 (2017)

| revenue = {{profit}}{{INRConvert| 31.363|b}}(2015){{cite news| url=http://www.gvk.com/files/investorrelations/financialinformation/annualreports/201415_e28a6f6b789142b6926a2c1e57e05bc2.pdf | work=GVK| title= GVK Annual Financial report | date=1 January 2015}}

| homepage = https://www.gvk.com/

| footnotes =

}}

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.{{cite web|last=Power & Infrastructure|first=GVK|title=ABOUT GVK|url=http://www.gvk.com}} After acquiring Australian coal mines in Queensland for {{USD}}1.26 billion, GVK forecasts an investment of {{USD}}10 billion in mine, rail, and port projects. Its flagship company, GVK Power & Infrastructure Limited, is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) as [https://www.bseindia.com/stock-share-price/gvk-power--infrastructure-ltd/gvkpil/532708/ GVKPIL] .{{cite web|last=Power & Infrastructure|title=Annual Finance Report 2011-12 |url=http://www.gvk.com/files/investorrelations/financialinformation/annualreports/2011__12_630cd3abcee849e5b603c2ec7471edae.pdf}}

Businesses

=Energy=

GVK's energy portfolio comprises CCPP (gas/naphtha-based), thermal (coal-based), and hydropower plants.

==Projects under operation==

  • 469 MW Gautami CCPP, Andhra Pradesh, commenced operations in 2009. {{cite web|url=http://www.gvk.com/ourbusiness/energy/gas.aspx|title=GVK - Our Business - Enegry - CCPP (Gas & Naptha)|work=gvk.com|accessdate=3 April 2017}}
  • 228 MW Jegurupadu CCPP Phase 2 (228 MW), Andhra Pradesh, commenced operations in 2009.
  • 330 MW Srinagar HEP, Uttarakhand, commenced operations in 2015. {{cite web|url=http://netindian.in/news/2015/06/11/00034060/bhel-commissions-4th-825-mw-uttarakhand-hydel-project|title=BHEL commissions 4th 82.5 MW at Uttarakhand hydel project - NetIndian|date=11 June 2015|work=netindian.in|accessdate=3 April 2017}}
  • The 540 MW Goindwal Sahib Thermal Power Project, Punjab, commenced operations in 2016. {{cite web|url=http://www.hindustantimes.com/punjab/finally-goindwal-sahib-thermal-plant-to-get-going/story-1I8h8YveDjJAmNezg4efJK.html|title=Finally, Goindwal Sahib thermal plant to get going|date=26 January 2016|work=hindustantimes.com|accessdate=3 April 2017}}

==Projects under construction and development==

=Resources=

==Coal==

Australia:

GVK has secured a 79% stake each in Alpha Coal and Alpha West Coal mines and a 100% stake in Kevin's Corner mines in Queensland, Australia, for {{USD}}1.26 billion, with total resources of about 8 billion tonnes and a capacity of over 80 million tonbes 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 a 500 km rail line and a 60 million tons per annum port as part of the ‘pit-to-port’ logistics solution.{{buzzword inline|date=July 2019}} the project proposes a total investment of {{USD}}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 pertinent approvals having reference to mine, rail and port projects from both the State and Federal Government and is in the culminating stages of project development.

.{{cite web|last=weekly|first=Mining|title=Queensland approves two new rail corridors|url=http://www.miningweekly.com/print-version/queensland-approves-two-new-rail-corridors-2012-06-06|accessdate=6 June 2012}}

=Airports=

==India ==

GVK's thrust into the aviation sector set about with the modernization of Chhatrapati Shivaji International Airport (CSIA) in Mumbai. Further, with the acquisition of Kempegowda International Airport (KIA) in Bengaluru, GVK has become one of the largest airport operators in the country handling a combined traffic of over 60 mppa at these two airports.{{cite web|website=The Hindu|title='There are many challenges, including land acquisition'|url=http://www.thehindubusinessline.com/companies/article3473800.ece}}{{cite web|website=The Hindu|title=GVK buys 14% stake in Bangalore airport from Siemens|url=http://www.thehindubusinessline.com/industry-and-economy/logistics/article2552213.ece}}{{cite web|website=ITWeb|title=Airport scores business continuity first|date=12 January 2012 |url=http://www.itweb.co.za/index.php?option=com_content&view=article&id=50509}}

Between 2016 and 2018, GVK sold its stake in Bengaluru International Airport Limited (BIAL) to Fairfax India.{{cite news |last1=Kumar |first1=V. Rishi |title=GVK to sell 10% stake in Bengaluru airport to Fairfax for ₹1,290 crore |url=https://www.thehindubusinessline.com/companies/gvk-to-sell-10-stake-in-bengaluru-airport-to-fairfax-for-1290-crore/article9718516.ece |access-date=13 July 2021 |work=Hindu Business Line |date=11 January 2018 |language=en}} In 2021, GVK sold its operations at Mumbai International Airport Limited (MIAL) to the Adani Group.{{cite news |title=Adani Group Takes Management Control Of Mumbai International Airport From GVK Group |url=https://www.moneycontrol.com/news/business/adani-group-takes-over-mumbai-international-airport-7167941.html |access-date=14 July 2021 |work=Moneycontrol |date=13 July 2021 |language=en}}

==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 Denpasar International Airport, Bali. GVK is also developing an International greenfield airport in Yogyakarta, Special Region of Yogyakarta.{{cite news|title=GVK Power bags 2 airport projects in Indonesia|url=http://www.thehindubusinessline.in/2011/01/26/stories/2011012651070200.htm|accessdate=11 July 2013|newspaper=Hindu Business Line|date=26 January 2011}}{{cite news|title=GVK Power and Infrastructure ties up with Indonesian Airport Authority|url=http://articles.economictimes.indiatimes.com/2012-11-08/news/34992566_1_gvk-power-and-infrastructure-gv-sanjay-reddy-chairman-gvk-reddy|archive-url=https://web.archive.org/web/20131109084640/http://articles.economictimes.indiatimes.com/2012-11-08/news/34992566_1_gvk-power-and-infrastructure-gv-sanjay-reddy-chairman-gvk-reddy|url-status=dead|archive-date=9 November 2013|accessdate=11 July 2013|newspaper=The Economic Times|date=8 November 2012}}{{cite news|title=GVK calls tenders for services contracts at Bali airport|url=http://articles.economictimes.indiatimes.com/2013-05-29/news/39602244_1_bali-airport-dufry-car-rental-contract|archive-url=https://archive.today/20130711091348/http://articles.economictimes.indiatimes.com/2013-05-29/news/39602244_1_bali-airport-dufry-car-rental-contract|url-status=dead|archive-date=11 July 2013|accessdate=11 July 2013|newspaper=The Economic Times|date=29 May 2013}}

=Transportation=

Roads:

GVK's JaipurKishangarh 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
  • DeoliKota Expressway (332.16 lane km), Rajasthan

==Projects under construction and development==

  • Badodara – Vasad Expressway (611.4 lane km), Gujarat

=Ports=

=Hospitality=

GVK has seven TAJGVK properties across Hyderabad, Chandigarh, Chennai and Mumbai having a total key base of 1372. These include Taj Krishna, Taj Deccan, Taj Banjara and Vivanta by Taj Group in Hyderabad; Taj Chandigarh, Taj Clubhouse in Chennai and Taj Santacruz in Mumbai. It is also coming up with the Ginger brand in Andhra Pradesh to cater to the value segment.

References