GVK (conglomerate)

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GVK
Type Public
Traded as
[1]
Industry Conglomerate
Founder(s) GVK Reddy[2]
Headquarters Hyderabad, India
Number of locations India, Australia, Indonesia
Area served Worldwide
Key people
  • GVK Reddy
,[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 a leading Indian conglomerate with experience and expertise 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.

Businesses

Energy

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

  • 217 MW Jegurupadu CCPP Phase 1 (India’s first IPP), set up in 1997 in Andhra Pradesh.[4]
  • 228 MW Jegurupadu CCPP Phase 2, an expansion of Phase 1, commenced operations in 2009.[4]
  • 469 MW Gautami CCPP Phase 1, Andhra Pradesh commenced operations in 2009.[4]

Projects under development

  • 800 MW Jegurupadu CCPP Phase 3, Andhra Pradesh.[5]
  • 800 MW Gautami CCPP Phase 2, East Godavari District, Andhra Pradesh.[6]
  • 540 MW Goindwal Sahib Thermal Power Project, Punjab.[7]
  • 2 x 660 MW Coal Based Power Poject, Punjab.
  • 330 MW Shrinagar Hydro Electric Project, Uttarakhand.[7]
  • 850 MW Ratle Hydro Electric Project, Jammu and Kashmir.[8]
  • 146 MW Bogudiyar Sarkari Bhyol Hydro Electric Project, Uttarakhand.[9]
  • 200 MW Mapang Bogudiyar Hydro Electric Project.[9]

Resources

Coal

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. GVK Hancock has appointed Thiess as preferred mine operations contractor for developing the Alpha Coal project in Galilee Basin.

.[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: 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

India

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.[12][13][14]

Indonesia

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

Transportation

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 has received national and international accolades for its quality and timely execution and excellent operational and maintenance standards. 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

GVK has established itself as a premium hospitality leader with 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

GVK Biosciences is Asia’s leading Contract Research Organization (CRO) employing more than 2000 talented 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.

Sustainability

GVK is a socially responsible and an environmentally conscious organization. It undertakes all infrastructure projects with a commitment to minimize ecological impact. It runs various social initiatives through GVK Foundation which provides emergency response services, education, housing, health and hygiene and community based programs etc. for underprivileged people. The GVK EMRI (108 emergency response number) with around 25,000 employees attends to every emergency situation; be it a medical crisis, law and order situation or a fire disaster. This service is spread across fourteen states and 2 UTs and runs 6000 ambulances catering to over 700 million people and saving lakhs of lives. GVK has partnered with AP Police Deptt to develop an integrated emergency response service mechanism through a unique initiative called “Project Dial 100”.

GVK has been associated with a lot of Social activities. It is known to have taken all infrastructure projects with a minimal ecological impact. GVK implements its CSR initiatives through GVK Foundation which has extended initiatives in areas like providing emergency response services, housing for under-privileged people, education, health and hygiene, community-based programs, empowerment and entrepreneurship development, arts, music, sports and a number of other socio-economic activities. GVK’s CSR initiatives include:

  • Proving housing facilities to 1000 underprivileged people in Kothur village of Nellore in the state of Andhra Pradesh.
  • Setting up of a tennis academy in Hyderabad to promote the sport in the country.[20]
  • Setting up a degree college at Indukurpet village in Nellore District of Andhra Pradesh which offers education to students from the surrounding areas.[21] The GVK Foundation also sponsors and provides scholarships for students across various disciplines.

Contributions to NGOs

Support is extended by GVK to various social service organizations such as:

  1. Suryakumari Abrham Memorial Foundation for purchase of modern sewing machines and computers.
  2. Velugu, towards voluntary contributions of buildings for disabled children.
  3. Indian Red Cross Society for construction of colleges and old age homes.
  4. Sradha and give India for child care and development.
  5. Chinmaya Seva Trust and Yeswantha Rao Chavan Prathisthan for social and cultural activities.
  6. Sadhuram Eye hospital.
  7. Swarna Bharat Trust.
  8. Sundarayya Vignana Kendram.
  9. Mitr Foundation.
  10. Saraswathi Nidhi, which imparts corporate education for economically backward students, studying in government high schools.

GVK EMRI

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 14states and 2 Union Territories with over 29,000 employees.[22] It runs 6,000 ambulances in a Public Private Partnership (PPP) agreement with state governments across India and caters to over 700 million lives.[23]

GVK EMRI’s accolades include:

  1. GVK EMRI won Skoch Platinum Award in health category
  2. Innovation for India Awards in Public Service category by Marico Innovation Foundation.[24]
  3. Global CSR Excellence & Leadership Award in Best use of CSR Practices in health care.[25]
  4. The NASSCOM Social innovation Honours Award (NSIH) in the category of Multi Stakeholder Partnership.[26]
  5. 7th eINDIA award for enabling IT in Saving Lives.
  6. Recognized as a Scientific and Industrial Research Organization (SIRO) by the Department of Scientific and Industrial Research (DSIR).
  7. TERI award and FICCI award for best CSR initiatives in the country.
  8. Microsoft Award for using the best technology to sense the emergencies.
  9. Piramal Prize for Innovative Healthcare.[24]
  10. American Academy of Emergency Medicine in India(AAEMI) gave out their 1st National Lifetime Achievement Award to GVK-EMRI.[27]
  11. NENA (National emergency Number Association) Presidential Award.[28]

GVK Green Initiatives

Carbon Emission Reduction

  1. GVK Power & Infrastructure Limited leads Carbon Disclosure Leadership Index (CDLI) for utility sector in CDP-13.
  2. GVK KIA successfully upgrades its Airport carbon accreditation certification to Level 3 Optimisation, a major landmark in GVK’s sustainability initiatives.
  3. GVK Power & Infrastructure Ltd. has been ranked 2nd in the country across all sectors for its Carbon Disclosure Leadership Index (CDLI).[29]
  4. 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.[30]
  5. Various GVK Projects are eligible for carbon credits under Clean Development Mechanism.
  6. 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.[31]
  7. 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.[32]
  8. GVK CSIA is the first airport in India to voluntarily and proactively initiate its carbon footprint mapping process.[33]
  9. 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.[34]

Recognition for green initiatives

  1. GVK KIA wins the 'Most Innovative Environmental Best Practice Award – 2013' at CII-Environmental Best Practices Award. The GVK BIA team also bagged the "Most useful Project Presentation" award at the event chosen by close to 75 participants through voting at the forum.
  2. GVK KIA received a Special Outstanding Award for Best maintained Gardens at the recent Landscape garden competition organized by Mysore Horticultural Society
  3. Jegurupadu CCPP has been rated as ‘Eco Star Gold’ by TERI.[35]
  4. Andhra Pradesh Pollution Control Board recognized the Jegurupadu plant for outstanding contribution to the development of the Eco Park.[36]
  5. The Bangalore airport (GVK KIA) has won the prestigious Water Award for outstanding work in water management and sustainability at the Bangalore Water Summit 2012.[37]
  6. GVK KIA has won the “Most Innovative Environmental Best Practice Award” – 2012.[38][39]
  7. KIA has won the CII Southern Region for Excellence Award in Environment, Health and Safety (EHS) best practices-2012.[39]
  8. CSIA, Mumbai and Kempegowda International Airport, Bangalore have been awarded Airport Carbon Accreditation by the Airport Council International (ACI). MIAL has received the level 1 mapping certification and KIA has received level 2, becoming the first Airport in Asia-Pacific to cross this milestone.[40]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 Power & Infrastructure, GVK. "Annual Finance Report 2011-12". 
  2. ↑ 2.0 2.1 GVK leadership
  3. ↑ 3.0 3.1 GVK, Website. "Board of Directors". Infrastructure. Retrieved 5 July 2013. 
  4. ↑ 4.0 4.1 4.2 Alstom, India. "Alstom in India". 
  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. ↑ 7.0 7.1 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. ↑ 9.0 9.1 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. ↑ Hindu, The. "GVK launches academy". 
  21. ↑ VidyaVision. "GVK College". 
  22. ↑ Pioneer, The. "GVK Emergency appoints new CEO". 
  23. ↑ GVK EMRI. "hompage". 
  24. ↑ 24.0 24.1 Business Line, The Hindu. "GVK EMRI, Forus Health win Piramal Prizes for innovation". 
  25. ↑ Correspondent, The (22 February 2013). "GVK EMRI-108 Service Wins Global Excellence Award in Healthcare". Daily Pioneer. Retrieved 11 July 2013. 
  26. ↑ DNA. "EMRI gets NASSCOM award for 2012". Retrieved 16 February 2012. 
  27. ↑ Hindu, The. "GVK EMRI chief gets award". Retrieved 20 November 2010. 
  28. ↑ Change Makers, The. "GVK EMRI 108 Emergency Response Service". 
  29. ↑ Agencies, The (Nov 19, 2011). "TCS, Wipro among top 10 in carbon disclosure leadership index". Times of India. Retrieved 11 July 2013. 
  30. ↑ 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. 
  31. ↑ Correspondent, DNA (Feb 22, 2012). "BIA uses bio-fuel for ground support". DNA. Retrieved 11 July 2013. 
  32. ↑ "CSIA Among Top Performing Airports of 2012". Travel News. T3 News Network. Retrieved 11 July 2013. 
  33. ↑ 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. 
  34. ↑ Clark, Oliver. "Passage to India". Aviation News. Airport World. Retrieved 11 July 2013. 
  35. ↑ terrin. "EcoStar for GVK". 
  36. ↑ SEBI, India. Draft Red Herring Prospectus. SEBI. p. 99. 
  37. ↑ IndianExpressq, The New. "BIAL wins accolades for water management". 
  38. ↑ Hidlor's soul. "BIAL Awards". 
  39. ↑ 39.0 39.1 India PR wire. "City airport brings home two National Awards". 
  40. ↑ infrawindow. "B’lore, Mumbai airports recognized for carbon emission". 
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