GVK Power & Infrastructure Limited (GVKPIL), a publicly listed company within the GVK conglomerate, specializes in the ownership, operation, and maintenance of power plants both independently and through its subsidiary and associate companies. GVK itself stands as one of India's premier infrastructure developers, boasting extensive experience across diverse sectors such as hospitality, manufacturing, power generation, roads, airports, SEZs, and urban infrastructure.
Established on December 2, 1994, initially as a private unlimited liability entity under the name Jegurupadu Operating & Maintenance Company, GVK has since evolved into a powerhouse of infrastructure development in India. Over the years, the company has invested significantly, with a cumulative investment exceeding Rs. 5,000 crore across various ventures, and currently holds projects worth over Rs. 12,000 crore in its pipeline.
GVK's focus in the power sector encompasses projects utilizing coal, gas, and hydropower resources, spread across multiple states including Andhra Pradesh, Punjab, and Uttarakhand. The company's journey includes transformations, transitioning from a private unlimited liability entity to a private limited company in April 2005, then to a public limited company in May 2005 under the name Jegurupadu Operating & Maintenance Company Limited, and eventually adopting the name GVK Power & Infrastructure Limited in July 2005.
In October 2005, GVKPIL expanded its portfolio by acquiring equity stakes in GPL from GVKPPL and Transoceanic Projects Limited. This move resulted in GVKPIL holding 51% of GPL's equity shares, with a significant portion pledged to PFC. Subsequent milestones include winning the mandate to modernize Chhatrapati Shivaji International Airport (CSIA) in Mumbai in January 2006, and signing a draft Power Purchase Agreement with Punjab State Electricity Board (PSEB) in December 2006.
Further consolidating its endeavors, GVK unified its power, airports, and road projects under GVK Power & Infrastructure Limited in January 2007. Collaborations and initiatives continued, such as signing a Memorandum of Understanding (MoU) with Tamil Nadu Industrial Development Corporation (TIDCO) in July 2007 for establishing a multi-product SEZ in Perambalur, and achieving financial closure for the 330 MW Shrinagar Hydro Electric Project in Uttarakhand in August 2007.
In February 2008, CSIA, under Mumbai International Airport Pvt Ltd (MIAL), entered into an agreement with SITA, a leading provider of airport IT applications. Additionally, the consortium between GVK and BHP Billiton secured provisional wins for seven deepwater exploration blocks off the west coast of India in June 2008.
GVKPIL's dedication to power projects is evident, with plans to surpass a capacity of 2000 MW once operational. While the Jegurupadu Combined Cycle Power Plant is currently operational, numerous ambitious projects remain in development, showcasing GVK's commitment to enhancing India's infrastructure landscape.
Established on December 2, 1994, initially as a private unlimited liability entity under the name Jegurupadu Operating & Maintenance Company, GVK has since evolved into a powerhouse of infrastructure development in India. Over the years, the company has invested significantly, with a cumulative investment exceeding Rs. 5,000 crore across various ventures, and currently holds projects worth over Rs. 12,000 crore in its pipeline.
GVK's focus in the power sector encompasses projects utilizing coal, gas, and hydropower resources, spread across multiple states including Andhra Pradesh, Punjab, and Uttarakhand. The company's journey includes transformations, transitioning from a private unlimited liability entity to a private limited company in April 2005, then to a public limited company in May 2005 under the name Jegurupadu Operating & Maintenance Company Limited, and eventually adopting the name GVK Power & Infrastructure Limited in July 2005.
In October 2005, GVKPIL expanded its portfolio by acquiring equity stakes in GPL from GVKPPL and Transoceanic Projects Limited. This move resulted in GVKPIL holding 51% of GPL's equity shares, with a significant portion pledged to PFC. Subsequent milestones include winning the mandate to modernize Chhatrapati Shivaji International Airport (CSIA) in Mumbai in January 2006, and signing a draft Power Purchase Agreement with Punjab State Electricity Board (PSEB) in December 2006.
Further consolidating its endeavors, GVK unified its power, airports, and road projects under GVK Power & Infrastructure Limited in January 2007. Collaborations and initiatives continued, such as signing a Memorandum of Understanding (MoU) with Tamil Nadu Industrial Development Corporation (TIDCO) in July 2007 for establishing a multi-product SEZ in Perambalur, and achieving financial closure for the 330 MW Shrinagar Hydro Electric Project in Uttarakhand in August 2007.
In February 2008, CSIA, under Mumbai International Airport Pvt Ltd (MIAL), entered into an agreement with SITA, a leading provider of airport IT applications. Additionally, the consortium between GVK and BHP Billiton secured provisional wins for seven deepwater exploration blocks off the west coast of India in June 2008.
GVKPIL's dedication to power projects is evident, with plans to surpass a capacity of 2000 MW once operational. While the Jegurupadu Combined Cycle Power Plant is currently operational, numerous ambitious projects remain in development, showcasing GVK's commitment to enhancing India's infrastructure landscape.
