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GVK Power & Infrastructure Limited
Sector:Power Power - Power - Others
BSE:532708NSE:GVKPILBloomberg:GVKP@INReuters:GVKP.BO
Market Lot: 1Face Value: 1ISIN Demat: INE251H01024
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09-Jan-2018
Business Profile
GVK Power & Infrastructure is the holding company of the power businesses of GVK and also provides operations and maintenance services to its power assets. The company incorporated on Dec. 2, 1994, was converted into a public limited company on May 19, 2005 and got its current name on Jul. 13, 2005. The company becomes a 100% subsidiary of GVK Industries, post restructuring of the corporate structure.

GVKPIL owns a 53.96% stake in GVK Industries (GIL), which has the 216 MW Jegurupadu Phase I and the 220 MW Jegurupadu Phase II power plants. It also has a 51% in Gautami Power (GPL) which has a 464 MW combined cycle power plant. The total capacity of the three power plants will be 900 MW. All three plants are independent power suppliers (IPPs), supply their entire output to APDISCOMs under long-term power purchase agreements, and obtain their fuel supplies from government-owned fuel suppliers under long-term fuel supply contracts.

The company also has equity stakes in GVK companies engaged in the generation of electricity in Andhra Pradesh. In June 2007, the company acquired equity in GVK Aviation, which became a wholly-owned subsidiary. It also acquired GVK Infratech in July 2007. The company has signed a memorandum of understanding (MoU) with the state government of Tamil Nadu to jointly develop a multi product special economic zone (SEZ) in Perambalur district.

The registered office of the company is at R 540, New Rajender Nagar, New Delhi-110060 and corporate office at Paigah House, 156-159, Sardar Patel Road, Secunderabad-500003.


Financials
The company reported fall of 473.75% in standalone net profit on y-o-y basis to Rs 769.40 million, while total income climbed 8.68% y-o-y basis to Rs 201.60 million for the quarter ended September 2017.

Recent Developments
09-JAN-18
GVK Power & Infrastructure (GVKPIL) has announced the signing of the concession agreement for the Navi Mumbai International Airport Project.

09-JAN-18
GVK Power & Infrastructure (GVKPIL) has announced the signing of the concession agreement for the Navi Mumbai International Airport Project.

26-OCT-17
The GVK led Mumbai International Airport, (MIAL) was handed over the Letter of Award (LOA) today from CIDCO, the nodal agency of the Government of Maharashtra for the Navi Mumbai International Airport.

14-JUL-17
GVK Power and Infrastructure has announced the successful completion of the sale of its residual stake of 10% in Bangalore International Airport (BIAL), held through its subsidiary, Bangalore Airport Infrastructure

05-JUN-17
GVK Power and Infrastructure has announced its decision to sell its residual stake of 10% in Bangalore International Airport (BIAL), held through its subsidiary, Bangalore Airport Infrastructure Developers Private (BAIDPL) to

27-MAR-17
GVK Power & Infrastructure announced that it has divested 33% of its stake in Bangalore International Airport (BIAL) from its wholly owned subsidiary

28-MAR-16
GVK Power & Infrastructure today announced that it will divest 33% stake in Bangalore International Airport (BIAL) to Fairfax India Holdings Corporation and Fairfax Financial Holdings, through their wholly-owned subsidiaries in Mauritius, for an aggregate investment of Rs 21.49 billion which is approximately USD 321 million at current exchange rates.

22-JUN-15
GVK Power & Infrastructure, engaged in energy, resources, airports, transportation, hospitality and life science businesses, announced that the Power Purchase Agreement (PPA) signed by GVK Industries, a step down subsidiary of the company with the erstwhile APSEB (now AP Transco) stands expired by Jun. 20, 2015 as it had completed its validity period of 18 years.



In Brief

 
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