GVK (conglomerate)

GVK

Type	Private
Traded as	: GVKPIL :
Industry	Conglomerate
Founder	Gunupati Venkata Krishna Reddy
Headquarters	Hyderabad, Telangana, India
Number of locations	India, Australia, Indonesia
Key people	Gunupati Venkata Krishna Reddy (Chairman & MD) G.V. Sanjay Reddy (Vice Chairman)
Products	Energy, Resources, Airports, Transportation, Hospitality, Life sciences
Revenue	₹31.363 billion (US$470 million)(2015)
Website	GVK.com

GVK is an Indian conglomerate spanning diverse sectors including energy, resources, airports, transportation, hospitality and life sciences. Having already invested over ₹240 billion (US$3.6 billion), GVK has projects in pipeline worth over another ₹360 billion (US$5.3 billion) in India. After acquiring Australian coal mines in Queensland for US$1.26 billion, GVK envisages an investment of US$10 billion in mine, rail and port project.

GVK’s energy portfolio comprises CCPP (gas/naphtha-based), thermal (coal-based) and hydro power plants.

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 over 80 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 a 500 km rail line and a 60 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 projects from both the State and Federal Govt and is in the final stages of project development. .

GVK’s foray into the aviation sector began 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.

GVK has collaborated with the Airports Authority of Indonesia, Angkasa Pura Airports (AP1), for operations, management and development of non-aeronautical commercial facilities at Denpasar International Airport, Bali. GVK is also developing an international greenfield airport in Yogyakarta, Central Java. . . .