GVK Power & Infrastructure is scouting for coal and gas assets overseas in the range of $200 million to $1 billion to fire its power projects in India, the company’s vice chairman said on Tuesday.
GVK is also considering bidding for Indian highway projects worth up to $1 billion, G.V. Sanjay Reddy said at the Reuters India Investment Summit.
The company is looking for coal and gas assets in Indonesia, Australia, Africa and in South East Asia, he said.
“Depending on how much equity it is, we can easily put in $200 to $300 million,” Reddy said. “If we need more equity, then we may look at partners to supplement our requirements.”