GVK Reddy

  Handling the climate change crisis is the real need of the hour. As the world faces unprecedented extremes of weather and the threat of Antarctic ice caps melting, we simply cannot look away. Founder and Chairman of GVK Group, Dr. GVK Reddy states, “It is high time we start taking better care of our planet, being kinder and more prudent with our limited resources before it is too late. The first step to sustainable practices is clean energy.” One of the latest development in the renewable energy sector that has grabbed quite some attention is Ocean Thermal Energy. Un d erstanding Ocean Thermal Energy Ocean thermal energy is harnessed from thermal gradient of the ocean, which is the difference of temperature between the warmer surface and colder deep waters. The technology and the process by which this form of energy is produced is known as Ocean Thermal Energy Conversion or OTEC. It pumps the warmer water through an evaporator containing a working fluid. The vaporized fluid, thus...

  In recent times, if there is one nation that has shown the world an innovative direction with its im m ense emphasis and work on clean energy resources, it is Greece. Heralded as the cradle of Western civilization, the Greeks are an advanced culture with a scientific and modern outlook. Their present work in the renewable energy sector is incredibly commendable. Even when the entire world is struggling to accommodate resources, they are creating more, and doing so sustainably.  GVK Reddy , Chairman of GVK Group opines that, “We firmly believe that India can study and implement some of these strategies in our resources as well.” Need For Sustainable Energy The world is on the verge of an energy crisis. With each passing day as humanity depends more on technology, the rate of energy consumption keeps increasing, and with that comes alarming climate change crisis. The rise of global warming along with pollution has expedited the urgent need for sustainable energy production. Ch...

  GVK Reddy Hospitality is one of the most adversely impacted industries by the Coronavirus, the recent surge in infections has again posed threat to the already struggling sector Chairman of GVK Group, GVK Reddy has said that investing in digital techno l ogy can save the industry from unrepairable damages posed by the recent surge in coronavirus cases. The hospitality industry was one of the first to suffer when the pandemic was declared. As the dramatic events unfolded in the early months of 2020, restrictions on movements and travel movements in both India and across, devastated the global tour & travel industry. However, in the later months of the same year and the beginning of 2021, hospitality started recovering owing to decreasing infection rate and easing restriction on movement. Paradoxically, a recent surge in coronavirus cases in India to a record level has again weakened the environment to get back on track. While commenting on the situation, GV Krishna Reddy, said...

  GVK Reddy While commenting on the changing dynamics in the power Infrastructure, he has said that India will exceed its environmental goals under 2015 Paris Agreement India, under the landmark Paris Agreement, 2015 has pledged to cut its Green   House Gas (GHS) emissions and enhance non-conventional sources of energy amongst other objectives by 2030. Under the present regime, the nation has made some of the historic achievements in the direction to achieve the objectives including enhancing 250 percent renewable energy capacity from 2015 to 2020. Chairman of the GVK Group, GVK Reddy , has said that India will not only achieve its clean energy goals but should exceed its objectives well in advance than the prescribed time. Changing clean energy dynamics in India Owing to the aggressive policy support by the PM Modi-led government, India is expected to cross the US$ 500 billion mark investments in the renewable energy market by 2028. The nation has planned to install 500GW re...

At the age of 76, most others prefer to sit back and savour the sepia-tinted moments of their life, but not GV Krishna Reddy, the GVK Group’s patriarch. He won his first construction contract when he was barely 22 and more than five decades later, his infrastructure flagship has an asset base of over $5.24 billion. But his penchant for taking risks hasn’t diminished a bit. The entrepreneur now has ambitions to scale up  his conglomerate to $10 billion over the next five years. His agility can only be matched with his razor-sharp memory as he recalls his early days. “I was just 22 years old when I began my career in the construction business. We bagged the contract to build the Nagarjuna Sagar-Srisailam canal works, the largest masonry dam. It was one of the toughest jobs, but I gained enormous confidence to take risks. I tend to work  harder and try to achieve targets wherever there are problems,” says GVK. It isn’t easy to meet tough deadlines, hectic schedules and take up pu...