 "gvk group, MIAL, mumbai, airport, G V Krishna Reddy, GVK group founder")
In August 2020, GVK Power announced that it and its airport business-related subsidiaries had agreed to cooperate with Adani Airport Holdings.
Hyderabad-based GVK Power and Infrastructure, once the GVK conglomerate’s crown jewel, is now under the insolvency process. Long before this latest development, there has been a gradual decline in GVK’s infrastructure and energy ambitions. However, the group’s other business interests continue.
Listed in 2006, GVK Power housed the conglomerate’s prime assets, including airports, highways, and power projects. By the end of FY23, GVK’s only revenue-generating asset was a 330-megawatt (MW) Alaknanda Hydro Power plant in Uttarakhand….
