Hyderabad: GVK Power & Infrastructure Ltd is set to commission two expressways, two power plants, including the flood-hit Alaknanda hydel power plant, and the new international airport terminal in Mumbai during the current fiscal. The commissioning is expected to add to the cash flows of the company, which has been adversely hit by lack of natural gas supplies impacting two of its power plants, resulting in losses.
During the current fiscal, three companies under the energy sector — the 330 MW Alaknanda Hydro Power Company Ltd, 540 MW GVK Power (Goindwal Sahib) Ltd and GVK Coal (Tokisud) Pvt Ltd and two companies under the transportation sector — will be commissioned.
The two expressways include the 83-km Deoli-Kota Expressway and 102-km Bagodara-Vasad Expressway.
GVK Group Chairman G.V.K. Reddy told shareholders recently that the commissioning of these projects would add to the company’s revenue stream this fiscal.
20/08/13 V Rishi Kumar/Business Line
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During the current fiscal, three companies under the energy sector — the 330 MW Alaknanda Hydro Power Company Ltd, 540 MW GVK Power (Goindwal Sahib) Ltd and GVK Coal (Tokisud) Pvt Ltd and two companies under the transportation sector — will be commissioned.
The two expressways include the 83-km Deoli-Kota Expressway and 102-km Bagodara-Vasad Expressway.
GVK Group Chairman G.V.K. Reddy told shareholders recently that the commissioning of these projects would add to the company’s revenue stream this fiscal.
20/08/13 V Rishi Kumar/Business Line
