GVK is one of India’s leading business groups and conglomerates with a strong pedigree in energy and infrastructure. Its impressive portfolio includes – seven power generation projects with a cumulative capacity of about 5000 MW, oil and gas exploration, major airports in India (Mumbai and Bangalore – handling 44 million passengers per annum, making it the largest private sector airport operator in India), construction and operation of privately owned toll roads in India, port development, hospitality (with the Taj Group of Hotels) and life sciences.
In September 2011, GVK ventured into Australia acquiring a strategic interest in Hancock Coal Pty Ltd and its projects.
Through its acquisition of Hancock Coal, GVK is pioneering development of the Galilee Basin in Central Queensland, Australia. The Alpha and Kevin’s Corner Projects will supply 60Mtpa of high quality thermal coal to the export market from 2015 via a dedicated logistics chain. This comprises a standard gauge railway line capable of hauling 25000t payload trains and exclusive ownership and usage of both onshore and offshore port facilities at Abbot Point, Australia’s most northerly coal port.
GVK’s mine, rail and port projects are in the final approvals stage with bankable feasibility studies completed and significant market support throughout Asia secured. Bulk samples from the Alpha test pit have undergone successful industrial scale testing in power stations in Korea and China. The projects will offer a ‘pit to port logistics solution’ for large quantities of high quality, easily utilised thermal coal to the world’s export markets.
Responsibility and sustainability underline GVK’s projects and business. Above all, GVK, its employees, contractors and partners operate in a socially, economically and environmentally responsible manner.
GVK’s vision in Australia is ambitious and challenging, but achievable – ‘To be the premier most reliable coal supplier to the world enabling better lives.’
Company Website: www.gvk.com/