SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GVK Power and Infra in talks to buy two Australian coal mines for $1.5 billion

19 May 2011 Evaluate

Indian billionaire GV Krishna Reddy-controlled GVK Power and Infrastructure (GVKPIL) is in talks with an Australian company - Hancock Prospecting Pty, to purchase two of its coal mines. It will pay about $1.5 billion for Hancock's Alpha Coal and Kevin's Corner mines, with the balance to be paid in the next few years.

The company is planning to borrow as much as $850 million to fund the purchase of these two mines and is in talks with investors, including 3i Group Plc and Actis LLP, to help finance the acquisition.

Recently, the company reported results for the year ended March 31, 2011. The company has registered growth of 214.99% in its net profit for the year ended March 31, 2011 at Rs 68.29 crore as compared to Rs 21.68 crore for the year ended March 31, 2010. On the consolidated basis, the group’s net profit for the year has declined marginally by 0.62% at Rs 154.91 crore as compared to Rs 155.87 crore for the year ended March 31, 2010.

GVK Power & Infra Share Price

2.91 0.05 (1.75%)
20-Apr-2026 14:21 View Price Chart
Peers
Company Name CMP
NTPC 399.50
Tata Power 433.00
Adani Power 203.25
Power Grid Corp 319.95
Torrent Power 1614.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×