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The GVK Group has received the ‘Asia deal of the year' and the ‘Asia outbound investor of the year' awards at the 8th annual Asia Mining Congress.
The Hyderabad-based diversified infrastructure company was recognised for the $1.26 billion acquisition of Hancock Coal and Infrastructure, Australia — the biggest deal by an Indian company.
In September last year , GVK announced that it would acquire the coal and infrastructure assets in Australia's emerging Galilee Basin from Hancock Coal. The assets included 79 per cent of the Alpha coal deposits, 100 per cent of the Kevin's Corner deposit and 100 per cent of the rail and port project.
Dr G.V.K. Reddy, Chairman, GVK said, “The recognition is a reaffirmation of our vision in transforming our company into one of India's premier transnational.”
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