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Created before Nov 2016
Last update: 2015-11-01 14:53:47 BankTrack
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|Sectors||Coal Electric Power Generation, Coal Mining, Oil and Gas Extraction|
GVK founder, GVK Reddy, owns 32.34% of the shares. Other individuals linked to GVK own 12.54% and promotor companies own 9.37%, which means more than 50% of the shares is in the hands of the promoter. GVK is also listed on the National Indian Stock Exchange, where it is traded as GVKP:IN.
GVK Hancock – Australia
GVK is an Indian conglomerate with diversified interests across various sectors including energy, resources, transportation, hospitality and life sciences. It owns operational power plants with capacity of 1,200 megawatt and around 1,400 megawatt of projects under various stages of construction and development. The company had a consolidated turnover in 2015 of USD470 million.
Social and human rights impacts
GVK's proposed Alpha Coal project has been taken to court by concerned community members and affected land holders. See the Alpha Coal dodgy deal for more details.
Indian coal barons’ USD10 billion global mine investments may flounder
About USD ten billion worth of investments made by Indian coal barons, including billionaire Anil Ambani, Gautam Adani, L. Madhusudhan Rao, GVK Reddy and G. M. Rao, in buying mines overseas may go down the drain due to declining global prices of the commodity and a surge in domestic output (source: The Hindu).