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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 Ltd Appoints K. Balarama Reddi as Additional Director

GVK Power & Infrastructure Ltd. announced that the Board of Directors of the company at its meeting held on November 14, 2014, has appointed Mr. K. Balarama Reddi as an additional director (Independent) of the company.

GVK Power and Infrastructure Limited Reports Unaudited Consolidated and Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2014

GVK Power and Infrastructure Limited reported unaudited consolidated and standalone earnings results for the second quarter and half year ended September 30, 2014. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 66.4 million compared to INR 69.6 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 35.1 million compared to INR 38.5 million a year ago. Loss from ordinary activities before tax was INR 63.9 million compared to INR 23.3 million a year ago. Net loss was INR 102.5 million or INR 0.06 per diluted share before extraordinary items compared to INR 63.6 million or INR 0.04 per diluted share before extraordinary items a year ago. For the half year, on standalone basis, the company reported net sales/income from operations of INR 129.9 million compared to INR 138.4 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 79.1 million compared to INR 80.7 million a year ago. Loss from ordinary activities before tax was INR 103.9 million compared to INR 51.5 million a year ago. Net loss was INR 185.6 million or INR 0.11 per diluted share before extraordinary items compared to INR 129.7 million or INR 0.08 per diluted share before extraordinary items a year ago. For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 6,987.6 million compared to INR 6,919.1 million a year ago. Profit from operations before other income, financial costs & exceptional items was INR 97.5 million compared to INR 1,690.0 million a year ago. Loss from ordinary activities before tax was INR 3,262.7 million compared to INR 51.2 million a year ago. Net loss was INR 3,040.7 million or INR 1.49 per diluted share before extraordinary items compared to INR 595.0 million or INR 0.36 per diluted share before extraordinary items a year ago. For the half year, on consolidated basis, the company reported net sales/income from operations of INR 14,114.3 million compared to INR 13,914.3 million a year ago. Loss from operations before other income, financial costs & exceptional items was INR 2,356.5 million compared to profit of INR 3,485.4 million a year ago. Loss from ordinary activities before tax was INR 8,675 million compared to profit of INR 118.9 million a year ago. Net loss was INR 7,257.8 million or INR 3.27 per diluted share before extraordinary items compared to INR 1,022.1 million or INR 0.56 per diluted share before extraordinary items a year ago.

GVK Power and Infrastructure Limited, Board Meeting, Nov 14, 2014

GVK Power and Infrastructure Limited, Board Meeting, Nov 14, 2014. Agenda: To approve unaudited consolidated and standalone earnings results for the second quarter and half year ended September 30, 2014; and to appoint Mr. K Balarama Reddi as an additional director (Independent) of the company.

 

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