Subsidiaries

BUILDING COMPETITIVE    ADVANTAGE

Gayatri Energy Ventures Private Limited

As a group strategy to expand vertically to other business segments to mitigate the business risk, the company proposes to invest in the power sector through its subsidiary M/s Gayatri Energy Ventures Private Limited. One of our group companies M/s Thermal Powertech Corporation India Limited a step down subsidiary of Gayatri Energy Ventures Pvt Ltd has got permission to establish a 660 x 2 MW coal based Thermal Power Station at Krishnapatnam, Nellore Dist., Andhra Pradesh. The proposed power plant is near Krishnapatnam (UMPP) and has been allotted 1,400 acres of land in Krishnapatnam district for this purpose. The coal and water linkages have already been tied up and various environment clearances have been secured for the plant. GPL has also signed a power purchase agreement (PPA) with Power Trading Corporation (PTC) for selling 70 percent of power so generated while remaining 30 percent would be sold on merchant basis.