GVK (conglomerate)

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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
Revenue Increase₹3,136.3 crore (US$470 million)(2015)[2]
Website GVK.com

GVK is a leading Indian conglomerate with experience and expertise spanning diverse sectors including energy, resources, airports, transportation, hospitality and life sciences. Having already invested over Rs.24, 000 crore (USD 4.3 billion), GVK has projects in pipeline worth over another Rs.36, 000 crore (USD 6.6 billion) in India. After acquiring Australian coal mines in Queensland for USD 1.26 billion, GVK envisages an investment of USD 10 billion in mine, rail and port project. GVK’s strong workforce rises to every challenge and ensures timely execution of world-class projects.

Businesses

Energy

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

Projects under operation

Projects under construction and 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 USD 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 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 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. .[7]

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 BengaluruGVK has become one of the largest airport operators in the country handling a combined traffic of over 52 mppa at these two airports. GVK CSIA’s new integrated Terminal 2 is an iconic global mega structure that integrates world-class design, infrastructure and operational efficiency. The new Terminal at GVK KIA, Bengaluru is at par with the best in the world with enhanced design and facilities to elevate passengers’ travel experience. . [8][9][10]

Indonesia

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. . . .[11][12][13]

Transportation

Roads:

GVK’s 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 road portfolio includes 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
  • Deoli - Kota Expressway (332.16 lane km), Rajasthan

Projects under construction and development

  • Bagodara - Vasad Expressway (611.4 lane km), Gujarat

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 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 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.

.[14]

Life sciences

GVK Biosciences is Asia’s leading Contract Research Organization (CRO) with 2400 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.

Corporate Social Responsibility

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 over 43,000 employees attends to every emergency situation; be it a medical crisis, law and order situation or a fire disaster. This service is spread across 15 states and two UTs and runs over 10,000 ambulances catering to over 800 million people and saves lakhs of lives. .[15] [16]

GVK green initiatives

Carbon emission reduction

  1. GVK CSIA has received Airport Carbon Accreditation (Level 3) Optimisation by Airport Council International (ACI) for its environment friendly measures.
  2. GVK CSIA, Mumbai have 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.
  3. GVK Power & Infrastructure Ltd. leads Carbon Disclosure Leadership Index (CDLI) for utility sector in CDP-13.
  4. GVK KIA successfully upgrades its Airport carbon accreditation certification to Level 3 Optimisation, a major landmark in GVK’s sustainability initiatives.url=http://www.gvk.com/gvkfoundation/environmentalsustainability.aspx
  5. GVK Power & Infrastructure Ltd. has been ranked 2nd in the country across all sectors for its Carbon Disclosure Leadership Index (CDLI).[17]
  6. 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.[18]
  7. Various GVK Projects are eligible for carbon credits under Clean Development Mechanism.
  8. 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.[19]
  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.[20]

Rewards and Recognition for GVK’s social and environmental initiatives

  1. GVK EMRI has won the Special Mention Awards in the 6th e-North East Awards - 2016 under e-Health category.
  2. Both GVK CSIA and GVK KIA have been bestowed with the prestigious LEED certification for their environmental sustainability initiatives.
  3. Various GVK Projects are eligible for carbon credits under Clean Development Mechanism

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ http://www.gvk.com/ourbusiness/energy/gas.aspx
  4. ↑ http://www.gvk.com/ourbusiness/energy/gas.aspx
  5. ↑ http://www.gvk.com/ourbusiness/energy/gas.aspx
  6. ↑ http://netindian.in/news/2015/06/11/00034060/bhel-commissions-4th-825-mw-uttarakhand-hydel-project
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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