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...

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

KSEB Cancels Contract Over Delays in Bhoothathankettu Hydro Project

The Kerala State Electricity Board (KSEB) has terminated its contract with a consortium of Indian and Chinese firms after prolonged delays in completing electromechanical works for the 24 megawatt (MW) Bhoothathankettu small hydroelectric project.The KSEB board approved the cancellation of all agreements, including a tripartite contract signed with Sree Saravana Engineering Bhavani Ltd. (SSEB), Tamil Nadu, and Hunan Zhaoyang Generation Equipment Company Ltd., China. The decision follows an extended dispute concerning the final consignment of equipment from China.Based on recommendations from t..

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Infrastructure Transport

Titagarh and BHEL Launch Vande Bharat Sleeper Train Production

Titagarh Rail Systems Ltd (TRSL), in collaboration with Bharat Heavy Electricals Ltd (BHEL), has inaugurated the production line for the Vande Bharat Sleeper Trains at its advanced manufacturing unit in Uttarpara, Kolkata, West Bengal.The unveiling ceremony was led by senior executives from both companies, including Umesh Chowdhary, Vice Chairman and Managing Director of TRSL, and Bani Varma, Director at BHEL. The development marks a significant milestone in India’s rail modernisation efforts.TRSL was awarded a Rs 240 billion contract by Indian Railways for the design, manufacturing, and lon..

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Infrastructure Transport

Bullet Train Project Achieves Major Milestone in Gujarat

The Mumbai–Ahmedabad Bullet Train project continues to make swift progress, marking a transformative step in India’s transportation infrastructure. According to Railway Supply, a leading railway transport news portal, this high-speed rail corridor is advancing under the leadership of the National High-Speed Rail Corporation Limited (NHSRCL).Covering a distance of 508 kilometres, the project is India’s first high-speed rail initiative and is estimated to cost over USD 1.2 billion. It aims to substantially reduce travel time between Mumbai and Ahmedabad, offering a faster and more efficien..

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