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...

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

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

BPRL, IOCL JV secures first full production concession in Abu Dhabi

Bharat PetroResources (BPRL), a wholly-owned subsidiary of Bharat Petroleum Corporation (BPCL), in collaboration with Indian Oil Corporation (IOCL), has secured a production concession through their joint venture, Urja Bharat (UBPL). This concession was granted by the Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi. The concession follows an earlier exploration and production award given to UBPL in March 2019, after which the exploration phase was successfully completed with an investment of approximately $164 million. The awarded area spans up to 6,162 square kilomet..

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Infrastructure Energy

UN Warns of 300% Mineral Demand Spike, Urges Supply Chain Reforms

A United Nations report predicts that global demand for minerals essential to renewable energy technologies will nearly triple by 2030. The UN Secretary-General's expert panel on critical energy transition minerals has provided a set of recommendations and guiding principles for governments, industries, and stakeholders to ensure that the energy transition is both just and sustainable. UN Secretary-General António Guterres noted that the report highlights methods to root the renewable energy revolution in justice and equity, fostering sustainable development and environmental protection. He..

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Infrastructure Energy

Land conflicts, population density hinder India's renewable energy goals

A recent report by the Council on Energy, Environment and Water (CEEW) suggests that India’s renewable energy (RE) capacity could theoretically surpass 24,000 gigawatts (GW), though achieving just a portion of this—approximately 7,000 GW needed for net-zero emissions by 2070—will be challenging. The obstacles stem from issues related to land and water availability, as well as population density. The report, titled "Unlocking India’s Renewable Energy and Green Hydrogen Potential: An Assessment of Land, Water, and Climate Nexus," highlights major challenges as India aims to grow from it..

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