CONSTRUCTION WORLD Person of the Year 2023 (Private Sector)
Real Estate

CONSTRUCTION WORLD Person of the Year 2023 (Private Sector)

AAV Ranga Raju, Managing Director, NCC Ltd A man of proven excellence  and calibre, AAV Ranga Raju is Managing Director and one of the Chief Promoters of NCC Ltd (formerly Nagarjuna Construction Company Ltd). Raju, who joined the family...

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AAV Ranga Raju, Managing Director, NCC Ltd A man of proven excellence  and calibre, AAV Ranga Raju is Managing Director and one of the Chief Promoters of NCC Ltd (formerly Nagarjuna Construction Company Ltd). Raju, who joined the family business at a very early age, worked actively with his father, Padmashri Dr AVS Raju - the visionary and founding chairman, towards firmly establishing NCC as a major player, right from its inception in 1978. With over 44 years of rich experience in Construction, and Infrastructure Development, Raju has been the managing director of the company for more than three decades and under his guidance the company has grown from strength to strength. In FY 23 the company has delivered 35 per cent growth and has brought down its debt to the lowest it has been in 15 years. Moreover, NCC is sitting at the highest-ever order book of nearly Rs.70,000 crore!A man of few words, yet visionary to the core, Raju has been instrumental in propelling the company to the heights it has achieved.

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Infrastructure Energy

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

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Infrastructure Urban

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

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Infrastructure Energy

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..

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