GVK is a leading Indian conglomerate with diversified interests across various sectors including energy, resources, airports, transportation, hospitality and life sciences. It has taken pioneering initiatives across many sectors that it operates in and has overcome every challenge to provide reliable infrastructure to contribute to the country’s growth. GVK’s greatest strength is its highly experienced and proficient in-house talent pool. GVK’s collaboration with global infrastructure leaders has brought international expertise to India reflecting excellence and advancement in all its endeavours.
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.
The 540 MW (2X270 MW) thermal power project is under development near Goindwal Sahib Village, District Tarn Taran in the state of Punjab. This project has a Power Purchase Agreement (PPA) with Punjab State Power Corporation Limited is the electricity generating and distributing company of the Government of Punjab state in India.... for 25 years.
A Memorandum of Understanding (A memorandum of understanding (MoU) is an agreement between two (bilateral) or more (multilateral) parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement...) has been signed with Punjab State Power Corporation Limited is the electricity generating and distributing company of the Government of Punjab state in India.... to develop 2×660 MW thermal power project. For this upcoming coal based thermal power project’s fuel requirement, application for coal linkage/mine allocation was submitted to the Ministry of Coal/CEA Government of India.
A 330 MW hydro project is being developed on the river Alaknanda in Tehri/ Pauri Garhwal District of Uttarakhand. The construction of this project is nearing completion. It has a 90 m high (from deepest foundation level) dam. A Power Purchase Agreement (PPA) has been signed with the state of Uttar Pradesh and 12% output will be given free to the state of Uttarakhand. The project is expected to commission its first unit by this year.