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gvk power & infrastructure (GVKPIL) Details

GVK Power and Infrastructure Limited, together with its subsidiaries, provides operating and maintenance, manpower and consultancy, and incidental services to the owners of power plants, airports, and infrastructure companies in India and internationally. The company is involved in the development, operation, and maintenance of power projects from gas and naphtha, hydro, and thermal energy sources in the states of Andhra Pradesh, Punjab, Uttarakhand, and Jammu and Kashmir. It also builds and develops highway projects; mines for coal; promotes, constructs, develops, and operates international and domestic airport projects; develops, operates, and maintains infrastructure facilities; and explores for oil and natural gas. In addition, the company is engaged in the business of infrastructure projects, and investment in power projects. Further, it operates hotels and resorts in Hyderabad, Chandigarh, and Chennai. Additionally, the company provides analytical, biology, chemistry, clinical research, clinical pharmacology, and informatics research services, as well as process research and contract manufacturing services. GVK Power and Infrastructure Limited was incorporated in 2005 and is headquartered in Secunderabad, India.

Founded in 2005

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gvk power & infrastructure (GVKPIL) Key Developments

GVK Power & Infrastructure Limited Announces Cessation of P Abraham and Mrs. Ranjana Kumar as Independent Directors, Effective from August 14, 2014

GVK Power & Infrastructure Limited announced that Mr. P Abraham and Mrs. Ranjana Kumar Independent Directors of the company completed their term of appointment at AGM held on August 13, 2014 and board has not proposed their appointment. Accordingly, they ceased to be directors of the company from August 14, 2014.

GVK Power and Infrastructure Limited Announces Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2014

GVK Power and Infrastructure Limited announced unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 63.5 million compared to INR 68.8 million a year ago. Profit from operations before other income, interest costs and exceptional items was INR 44 million compared to INR 42.2 million a year ago. Loss from ordinary activities before tax was INR 40 million compared to INR 28.2 million a year ago. Net loss for the period was INR 83.1 million compared to INR 66.1 million a year ago. Basic and diluted LPS before and after extraordinary items was INR 0.05 compared to INR 0.04 a year ago. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 7,126.7 million compared to INR 6,995.2 million a year ago. Loss from operations before other income, interest costs and exceptional items was INR 2,454 million compared to profit from operations before other income, interest costs and exceptional items of INR 1,795.4 million a year ago. Loss from ordinary activities before tax was INR 5,412.3 million compared to profit from ordinary activities before tax of INR 170.1 million a year ago. Net loss for the period was INR 4,217.1 million compared to INR 427.1 million a year ago. Basic and diluted LPS before and after extraordinary items was INR 1.78 compared to INR 0.19 a year ago.

GVK Power and Infrastructure Limited, Board Meeting, Aug 13, 2014

GVK Power and Infrastructure Limited, Board Meeting, Aug 13, 2014.

 

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