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.
Update
GVK Power & Infrastructure Ltd has informed that GVK Bagodara Vasad Expressway Private Limited (GVKBVEPL), a step-down subsidiary of the Company, which is implementing the project for Six Laning of existing three lanes of Bagodara -Wataman - Tarapur - Vasad Road SH-8, Km 0/0 to Km 101/9 in the State of Gujarat on build, operate and transfer (BOT) basis, has signed the financing documents on November 16, 2011 with AXIS Bank Ltd. The Project Cost is Rs. 1189.03 Crores which would be financed by means of equity of Rs.297.26 Crores and debt of Rs.891.77 Crores.
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