GVK Power and Infrastructure Limited, part of GVK Group announced that it has agreed to acquire Aussiz(Australia's) Hancock Coal for $1.26 billion.An Indian Infrastructure's, one of the largest overseas acquisitions.

GVK Power said that, the agreement includes acquiring majority holding in coal resources and railway line and port infrastructure projects of Hancock Coal, will offer the Hyderabad-based company option for long term coal supply contracts for the purchase of up to 20 million tonnes every year. This can support around 7,500 megawatts of power generating capacity.