GVK Power & Infrastructure
Company description
GVK is an Indian conglomerate headquartered in Hyderabad, India.GVK encompasses several primary business sectors such as: Energy, Resources, Airports, Transportation, Hospitality and Life sciences. It is among the largest infrastructure conglomerates in India.
Having already invested over Rs. 20, 000 crore (USD 4.3 billion) the company has projects worth over another Rs. 30, 000 crore (USD 6.6 billion) in the pipeline, in India. GVK has pioneered various infrastructure projects viz. setting up India's first Independent Power Plant (IPP), first six-lane road project and first Brownfield airport under the Public Private Partnership model.
It has over 900 MW operational power plants and around 5000 MW projects under various stages of construction and development.
GVK has acquired the Australian Coal Mines in Queensland with 8 billion tonne reserves and a capacity of more than 80 million tonne per annum for USD 1.26 billion. It will also set up a 500 km rail line and upto 80 mtpa port as part of the 'pit-to-port' logistics solution. The project envisages a total investment of USD 10 billion.
Company details
Participation in projects
Projects as Project owner per Country ()
Projects as Project owner per Subsector ()
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The company has not participated in any projects.
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Company updates
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April 05, 2022
Financial close achieved for Navi Mumbai International Airport PPP project
Adani Enterprise Ltd., a subsidiary of Adani Group, has received INR127.70 billion (US$1.69 billion) from the State Bank of India (SBI) to achieve financial close for the Navi Mumbai International Air...
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January 21, 2020
Bidvest restrained from selling stake in MIAL by Arbitration tribunal
The arbitration tribunal has restrained Bidvest from the transfer of its 13.5% stake in Mumbai International Airport Pvt. Ltd. (MIAL) to the bidder Adani. The hearing stated that no transfer will...
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November 20, 2019
CCI approves Adani's bid to acquire stake in Mumbai International Airport
Indian fair trade regulator CCI has approved Adani's bid to acquire a 23.5% stake in the Mumbai International Airport project. Adani will acquire the stake from Bidvest group (13.5%) and ACSA Glo...
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October 30, 2019
GVK raises funding for 23.5% stake in Mumbai Airport
GVK Power & Infrastructure's subsidiaries, GVK Airport Developers (GVKADL) and GVK Airport Holdings (GVKAHL) have secured funding to buy 23.5% stake in Mumbai International Airport Limited (MIAL)...
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July 10, 2019
Delhi High Court allows Bidvest to sell its stake in Mumbai Airport
Bidvest is set to sell its 13.5% stake in Mumbai International Airport after the ruling of Delhi High Court on July 1. Bidvest holds a stake in consortium Mumbai International Airport Limited (MIAL) t...
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April 22, 2019
GVK announces agreement with ADIA and NIIF for investment in its airports holding company
GVK Power & Infrastructure Limited (GVKPIL) announced that its subsidiaries, GVK Airport Developers Limited (GVKADL) and GVK Airport Holdings Limited (GVKAHL), have signed a term sheet and exclusi...
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April 15, 2019
GVK-Bidvest stake sale talks have failed
GVK Power & Infrastructure Limited's subsidiary GVK Airport Holdings Limited (GVKAHL) and Bid Services Division (Mauritius) Limited (Bidvest) earlier announced agreement on GVK acquiring the 13.5%...
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March 25, 2019
GVK group to increase its stake in MIAL from 50.5% to 74%
GVK Group is set to increase its stake in Mumbai International Airport Limited (MIAL). Recently GVK acquired 13.5% stake from South Africa-based Bidvest Services and will acquire 10% stake of ACSA Glo...
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March 01, 2019
GMR submits highest bid for Bhogapuram airport PPP in Andhra Pradesh
GMR Infrastructure Ltd has announced that its subsidiary GMR Airports Limited (GAL) has emerged as the highest bidder for the development, operations and management of a greenfield international...
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February 27, 2019
GVK acquires Bidvest's stake in Mumbai airport
GVK Power & Infrastructure Limited has announced that its subsidiary GVK Airport Holdings Limited (GVKAHL) has exercised its right to acquire 162,000,000 equity shares of Mumbai International...
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