Secunderabad-based GVK Power & Infrastructure Limited has acquired the entire equity share capital of GVK Energy Pvt. Ltd and GVK Developmental Projects Pvt. Ltd on May 9, for an undisclosed amount.

The company has bought 10,000 shares of Rs 10 each in both the two companies. As a result, these two companies have become wholly owned subsidiaries of GVK Power.

GVK Power & Infrastructure provides generation, operation, and maintenance services to the power plants. It owns and operates a 216 megawatt Jegurupadu Phase I gas based power plant. The company also engages in the development and operation of airports; building, development, and maintenance of roads; and urban infrastructure and special economic zone development.

The company has announced a consolidated net profit of Rs 135.47 crore for the year ended March 31, 2008, as against Rs 58.03 crore during financial year 2007.