GVK Power & Infrastructure Ltd

About GVK Power & Infrastructure Ltd Share Price

GVK Power & Infrastructure Limited is amongst the major infra groups, offering operation and maintenance, manpower, consultancy, and other incidental services. Professional management underlined by effective operation support brings assurance to the owners of power plants, airports, and other infrastructure firms. Investors can get information about the GVK Power Share Price Today along with all the other financial details from the website of BSE.

History of GVK Power and Infrastructure

GVK Power and Infrastructure Ltd has a long history since the date it was incorporated. The company has diversified its business from energy to transportation. Earlier the company was involved in the development and operation of mega infrastructure projects. Its portfolio is highly diversified which includes combined cycle power plants both thermal and hydropower projects and transportation infrastructure.

Some of the major projects of the company pertain to the gas-based power project GVK Gautami Power Limited and the operation of a major hydropower project through the Alaknanda Hydro Power Company Limited. Transportation-wise, GVK has been participating in the operation of the Jaipur-Kishangarh Expressway, one of the state of Rajasthan's major road projects.

However, certain recent developments have presented the company with many challenges. Such a hard situation has been the experience of GVK Power & Infrastructure Ltd since FY23. The official term of Jaipur-Kishangarh Expressway was over, and the revenue generation from transport assets stopped. On that note, also the airport sector operations stopped, and with the outlook fading for both the power and transportation sectors, it was hard for the firm to get finance or find finance or new business opportunities. You can track GVK Power and Infrastructure share price on BlinkX.

Subsidiaries of GVK Power and Infrastructure

GVK Power & Infrastructure Limited has a vast network of subsidiaries in line with its varied interests and strategic operations. In linea FY23, the company had a total of 8 direct subsidiaries and 10 step-down subsidiaries, which portrays the details in its operational framework.

Some of the key subsidiaries of the company are as follows:.

• Alaknanda Hydro Power Company Limited: This company manages a 330 MW hydroelectricity project and has been able to maintain an annual plant availability factor of 59.16% and a plant load factor of 52.67% during FY23. 
• (Goindwal Sahib) Limited: It operates another coal-based power project that contributes to its energy portfolio.
• GVK Jaipur Expressway Ltd: SPV manages the Jaipur-Kishangarh Expressway, which contributed a huge amount of toll revenue in FY23. Collections stood at Rs 447 crore against Rs 354 crore in FY22.

Financial Performance of GVK Power and Infrastructure

• GVK Power & Infrastructure revenue from operations dropped by 55.24% on a YoY basis  resulting in a loss of ₹11.15 crore.
• While the company was able to reduce its selling, general, and administrative expenses by 6.38% as compared to the previous quarter and by 20.81% year-over-year, such savings could not compensate for the steep decline in revenues.
• While the short-term operating income improved by 590.01% for the quarter under consideration, this fell by 69.19% over the corresponding period one year ago, implying that while some gains may have accrued in the short run, overall performance remains erratic.
• GVK Power and Infrastructure Earnings per share (EPS) for the quarter were ₹-0.07, a decline of 109.33%, from the same quarter, last year.

Key Executives of GVK Power and Infrastructure

• Mr. GV Krishna Reddy is the Chairman & Managing Director.
• Mr. GV Sanjay Reddy is the Vice Chairman.
• Mr. PV Prasanna Reddy is the Whole Time Director.
• Mr. Issac George is the Director & Chief Financial Officer.
• Mr. N Anil Kumar Reddy is an Independent Director
• Mr. Ilyas Ghulam Hussain Ghouse is an Independent Director
• Mr. Rama Rao is an Independent Director
• Mr. Anumolu Rajasekhar is an Independent Director.