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• GVK Power and Infrastructure will attain financial closure for its Shivpuri-Dewas road project by the end of FY12 and the project is expected to be completed three years from then, says the company’s  chief financial officer, Issac George.GVK Transportation, a wholly owned subsidiary of the Group bagged this project in Madhya Pradesh two months ago from the National Highways Authority of India (NHAI) and is 332-km long. “This project is the biggest we have ever bagged and will cost us around Rs 3,500 crore,” George told moneycontrol.comThe project, which GVK believes is one of India’s busiest highways, entails widening and strengthening a two-lane highway to a four-lane highway. The concession offered is 30 years including a construction period of three years.
• Currently, GVK has a portfolio of four toll road projects totalling more than 600 km, including the one mentioned above.These include Deoli-Kota Road in Rajasthan and Jaipur-Kishangarh Expressway which are already constructed at a cost of around Rs 1000 crore each and are operational. For the  Bagodara-Vasad Road project in Gujarat, costing Rs 1,189 crore, the company achieved financial closure last month.Also, projects which are operational have given premium returns to the company. For instance, the company said its revenues from roads division rose 22% to Rs 56.6 crore year-on-year during the September quarter as there was a 13% volume growth in road traffic.“GVK will continue to focus on building a strong portfolio of road assets which offer superior returns,” says GeorgeCatch the accompanying audio for Issac George’s  full interview with moneycontrol.com's Shaheen Mansuri.

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