GVK Power & Infrastructure

The GVK is a diversified business house with interests in a range of
 businesses 
 including power, roads, urban infrastructure, bio-science, hotels and
 manufacturing. 
 GVK has promoted or has equity investments in TAJGVK Hotels and
 Resorts Limited, 
 Novopan Indistries Limited, GVK Biosciences Private Limited, GVK
 Jaipur-Kishangarh 
 Expressway Private Limited.
 
 In recent years the Promoters through our Promoter Group Companies
 have increasingly 
 focused on the power and infrastructure sector.  G.V. Krishna Reddy,
 the Chairman & 
 Managing Director of GVKPIL, is a first generation entrepreneur who
 established the 
 business four decades ago. 
 
 The Company was incorporated in the National Capital Territory  of
 Delhi on December 
 2, 1994 as Jegurupadu Operating & Maintenance Company, a private 
 company with 
 unlimited liability, under the Companies Act, 1956. The Company was
 converted  from a 
 company with unlimited liability to a company with limited liability
 and consequently the 
 name was changed to Jegurupadu Operating & Maintenance Company
 Private Limited 
 on  April 20, 2005. Subsequently, our Company was converted from a
 private limited 
 company to  a public limited company on May 19, 2005 and the name was
 changed to 
 Jegurupadu Operating & Maintenance Company Limited. Thereafter, the
 name of the 
 Company was changed  to GVK Power & Infrastructure Limited on July
 13, 2005.
 
 The Company is the holding company of the power businesses of the GVK
 and provides 
 operations and maintenance services to its power assets. It has an
 equity stake in GVK 
 companies engaged in the generation of electricity in the State of
 Andhra Pradesh, namely 
 GIL, the company's  Subsidiary, and GPL,  Associate Company. It  also
 the O&M Contractor for 
 the power plants of GIL and GPL. 
 
 GVKPIL was originally promoted by our Promoters and CMS Energy, USA.
 CMS Energy, USA
 contributed 60% of the equity capital through JOMC, Mauritius and the
 balance was 
 contributed by the Promoters through Triumph International.. In
 February 2005, GVK Reddy 
 and his family bought the entire stake of Triumph International and
 JOMC, Mauritius.
 
 GIL was originally promoted in 1992 by the GVK and CMS (USA). The
 Asian Infrastructure 
 Fund (through Golden Palm Limited and Vintage Investments Limited)
 subscribed to 29.75% 
 of the equity share capital of GIL in 1993. In September 1995,
 pursuant to an equity 
 investment of 10%, as well as a loan to GIL, by IFC, the then
 shareholders of GIL executed a 
 shareholders agreement to set out their inter-se rights and duties as
 regards GIL. 
 
 GPL was originally incorporated by Satyam Constructions Private
 Limited (name subsequently 
 changed to Maytas Infra Private Limited) in 1996. Subsequently, IJM
 Corporation Berhard 
 (Malayasia) joined as strategic equity partner. In 2000 NCC Power
 Corporation Limited, another 
 IPP based in Andhra Pradesh, merged with Gautami Power Private
 Limited through a Scheme 
 of Amalgamation. As a result of the merger the shareholders of GPL
 were Maytas Infra Private 
 Limited along with their affiliates, IJM Corporation Berhard
 (Malayasia) through its subsidiary 
 and NCC Power Corporation Limited. In July 2003, the Promoters
 through GVK Energy Holdings 
 Private Limited (originally GVK Power Private Limited) took over the
 Company as a strategic 
 equity partner and assumed the responsibility of implementing the
 power project and also 
 contributed to the equity of the project, and executed an agreement
 in July 2003. Currently,
 equity contribution to the extent of 38.38% to the paid up equity of
 GPL has been made by 
 GVKPIL, which is proposed to be increased to 51% through the infusion
 of part of the IPO 
 proceeds. The other equity share holdings of Maytas, IJM and NCC are
 17.71%, 25.09% and 
 18.82%, respectively. See History and Certain Corporate Matters-
 Gautami Power Limited- 
 Agreement among the shareholders of the GPL on page [*] of this Draft
 Red Herring 
 Prospectus for further details.
 
 The Company has tied up the entire financial assistance of Rs.10,150
 million (constituting 
 70% of the project cost of Rs 14,500 million) from various lenders,
 lead by Power Finance 
 Corporation Limited (PFC). As a part of the security mechanism
 Maytas, IJM, NCC and 
 GVKPPL and their respective affiliates were required to pledge 51% of
 their respective 
 shareholding on the current paid up capital of the GPL with PFC.
 Accordingly, GVK Energy 
 Holdings Private Limited and Transoceanic Projects Limited, Mauritius
 (affiliates of GVKPPL) 
 have pledged 51% of their holding in GPL with PFC. In October 2005
 GVKPIL acquired 
 GVKPPL and Transoceanic Projects Limited�s equity stake in GPL.
 Accordingly, 51% of the
 equity shares in GPL now held by GVKPIL continue to remain pledged
 with PFC.
 
 2006
 
 -GVK to join hands for ultra mega projects
 
 2007
 
 - GVK Power & Infrastructure Ltd has appointed Mr. Sanjay Narayen
 (IAS) as an Additional Director.
 
 -GVK Power signs MoU with Govt of Tamil Nadu to set up SEZ
 
 -GVK Power & Infrastructure Ltd has informed that Mumbai
 International Airport Pvt Ltd an associate Company of GVK Power &
 Infrastructure Ltd, has signed EPC Agreement on November 01, 2007
 with L&T. 
 
 
 2008
 
 -GVK Power & Infrastructure Ltd has informed that name of the
 Company's wholly owned subsidiary i.e. GVK Energy Ltd has been
 changed to GVK Oil & Gas Ltd.
 
 -GVK Power & Infrastructure Ltd has appointed Mr. A Issac George,
 Chief Financial Officer as Additional Director of the Company and
 also subject to approval of the shareholders and the Central
 Government, if any, as Director (Finance) for a period of 3 years
 with effect from April 01, 2008.
 
 - GVK Power & Infrastructure Ltd has purchased the full equity share
 capital of GVK Energy Pvt Ltd and GVK Developmental Projects Pvt Ltd
 on May 9. As a result, these two companies have become wholly owned
 subsidiaries of the company.
 
 - The Company has splits its face value from Rs10/- to Rs1/-.
 
 2009
 
 - GVK Power & Infrastructure Ltd has appointed Mr. Krishna Ram Bhupal
 as an Alternate Director to Mr. Somanadri Bhupal at the Board Meeting
 of the Company held on April 29, 2009.
 
 -GVK Power - Acquisition of Shares in Bangalore International Airport
 Ltd. (BIAL)
 
 2010
 
 - GVK Power and Infrastructure Ltd. has said that it has awarded Rs.
 3,200 crore construction contract.
 
 The project was for its 800 Mw of gas-based power project to a
 consortium of South Korea's Hyundai Engineering and Larsen & Toubro
 (L&T).
 
 2011
 
 -GVK Power signs 2 MoUs with Govt. of Indonesia.
 
 2012
 
 -GVK Power & Infra gets recognition at Asia Mining Congress in
 Singapore
 
 -GVK Power & Infra gets environmental approval for Alpha coal and
 Rail project in Australia.
 
 -GVK Power and Infrastructure signs Operations & Management contract
 with Indonesian airport.
 
 2013
 
 -GVKs starts second coal mine project in Australia (Kevins Corner)
 gets environmental approval.
 
 -GVK Hancock Coal And Thiess Sign Alpha Coal Mine Operations.
 
 -GVK inks agreement with Aurizon to develop Galilee Basin rail and
 port infrastructure.
 
 -GVK CSIA awarded �Best Airport� Honour by ACAAI and Kale Logistics.
 
 -GVK wins Skoch Award 2013 in Health category.
 
 2014
 
 -GVK Hancock secures environmental clearance for its Alpha.
 
 -GVK�s new iconic Terminal 2 inaugurated at CSIA to set new global
 benchmarks.
 
 -GVK BIO Announces Successful Completion of Drug Repurposing Efforts
 to Identify Novel Indications
 
 2015
 -GVK Power & Infrastructure Ltd Developments in Transportation
 Business
 -GVK EMRI gets GOLD Recognition Award
 -Supreme Court supports Alpha Coal Project Environmental Approvals
 -GVK EMRI completes ten years of successful operations across India
 
 2016
 -GVK Power & Infrastructure- Developments in Energy business.
 -GVK Power & Infrastructure - Developments in Airport business.