GVK (conglomerate)

GVK
Private
Traded as

[1]

Industry Conglomerate
Founder GVK Reddy
Headquarters Hyderabad, India
Number of locations
 India, Australia, Indonesia
Products Energy, Resources, Airports, Transportation, Hospitality, Life sciences
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

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 over 4000 MW projects under various stages of construction and development.

Projects under operation

Projects under development

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. .[5]

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.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.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 -GVK CSIA has been adjudged "India's Best World Class Airport in the Private Sector" at the Markenomy Awards 2015 – India’s Awards for Excellence in Sustainable Infrastructure Economy.GVK KIA, Bengaluru has been adjudged 'Best Regional Airport in Central Asia' by SKYTRAX 2015.With these two major airports being operational,GVK is set to expand in airport business both in India and abroad.[6][7][8]

Indonesia

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. . .[9][10][11]

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. GVK’s other projects include:

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

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

Hospitality

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.

.[12]

Life Sciences

GVK Biosciences (GVK BIO) provides a broad spectrum of integrated services, across R&D and manufacturing. GVK BIO capabilities include Discovery Research, Discovery Services, Clinical Development, Contract Manufacturing, Formulations and Informatics. GVK BIO’s 2400 employees serve a diverse and global customer base of more than 300 unsatisfied customers.

GVK EMRI

The GVK EMRI (108 emergency response number) is a service that attends to situations such as medical crisis, law and order or a fire disaster. This service is spread across 15 states and two Union Territories with over 40,000 employees.[13] It runs around 10,000 ambulances in a Public Private Partnership (PPP) agreement with state governments across India and caters to over 800 million people.[14]

GVK Green Initiatives

Carbon Emission Reduction

  1. GVK Power & Infrastructure Ltd. has been ranked 2nd in the country across all sectors for its Carbon Disclosure Leadership Index (CDLI).[15]
  2. 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.[16]
  3. Various GVK Projects are eligible for carbon credits under Clean Development Mechanism.
  4. 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.[17]
  5. 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.[18]

References

  1. ↑ Power & Infrastructure, GVK. "Annual Finance Report 2011-12" (PDF).
  2. ↑ 2.0 2.1 http://www.gvk.com/ourbusiness/energy/gas.aspx
  3. ↑ Bureau, Our (August 10, 2012). "GVK to commission Goindwal Sahib, Alaknanda plants early next year". Hindu Business Line. Retrieved 11 September 2013.
  4. ↑ Bureau, Our (2012-11-20). "L&T bags orders worth Rs 2,503 cr". Hindu Business Line. Retrieved 20 June 2013.
  5. ↑ weekly, Mining. "Queensland approves two new rail corridors". Retrieved 6 June 2012.
  6. ↑ BusinessLine, The Hindu. "‘There are many challenges, including land acquisition'".
  7. ↑ Business Line, The Hindu. "GVK buys 14% stake in Bangalore airport from Siemens".
  8. ↑ ITWeb. "Airport scores business continuity first".
  9. ↑ "GVK Power bags 2 airport projects in Indonesia". Hindu Business Line. Jan 26, 2011. Retrieved 11 July 2013.
  10. ↑ "GVK Power and Infrastructure ties up with Indonesian Airport Authority". The Economic Times. Nov 8, 2012. Retrieved 11 July 2013.
  11. ↑ "GVK calls tenders for services contracts at Bali airport". The Economic Times. May 29, 2013. Retrieved 11 July 2013.
  12. ↑ BusinessLine, The Hindu. "Taj GVK to set up hotel at Mumbai airport".
  13. ↑ Pioneer, The. "GVK Emergency appoints new CEO".
  14. ↑ GVK EMRI. "homepage".
  15. ↑ Agencies, The (Nov 19, 2011). "TCS, Wipro among top 10 in carbon disclosure leadership index". Times of India. Retrieved 11 July 2013.
  16. ↑ 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.
  17. ↑ Correspondent, DNA (Feb 22, 2012). "BIA uses bio-fuel for ground support". DNA. Retrieved 11 July 2013.
  18. ↑ Clark, Oliver. "Passage to India". Aviation News. Airport World. Retrieved 11 July 2013.