19th CONSTRUCTION WORLD Annual Awards
ECONOMY & POLICY

19th CONSTRUCTION WORLD Annual Awards

Not even the pandemic could stop the who’s who of the construction fraternity coming together to celebrate, when CW awarded the Person of the Year in the Public and Private sectors, the Emerging Company of the Year, the Project of the Year, the Largest and Fastest Growing Construction Companies and the Top Challengers 2020-21.

… October 22, Hotel Four Seasons, Mumbai …

The mood was upbeat at the 19th CONSTRUCTION WORLD ANNUAL AWARDS (CWAA) 2021 where, despite the pandemic, the stalwarts of the construction industry gathered at Hotel Four Seasons Hotel in Mumbai on October 22 to celebrate victory. The room, replete with winners, jury, partners and special guests, had a glorious vibe, one that resonated with the joy of meeting and greeting in person after about a year-and-a-half! Even with masks on at all times (except when on stage), the expressions were evident – those of joy, success, and more power! 

It was a magical evening.
Part

Not even the pandemic could stop the who’s who of the construction fraternity coming together to celebrate, when CW awarded the Person of the Year in the Public and Private sectors, the Emerging Company of the Year, the Project of the Year, the Largest and Fastest Growing Construction Companies and the Top Challengers 2020-21.… October 22, Hotel Four Seasons, Mumbai …The mood was upbeat at the 19th CONSTRUCTION WORLD ANNUAL AWARDS (CWAA) 2021 where, despite the pandemic, the stalwarts of the construction industry gathered at Hotel Four Seasons Hotel in Mumbai on October 22 to celebrate victory. The room, replete with winners, jury, partners and special guests, had a glorious vibe, one that resonated with the joy of meeting and greeting in person after about a year-and-a-half! Even with masks on at all times (except when on stage), the expressions were evident – those of joy, success, and more power! It was a magical evening.Part of the India Construction Festival (ICF) (see page 66), the 19th edition of CWAA was presented by Apollo Tyres. Adding to the celebration was the fact that CW reached a major milestone in its journey: It turns 25 this year, celebrating its silver jubilee! And this milestone is being celebrated in a most unique way, as you will see reading ahead.A milestoneAnother highlight of the evening was the launch of the CONSTRUCTION WORLD 25th Anniversary Edition, a blockbuster issue with the theme ‘Building Value’. In this edition, 25 industry captains share their views on their action plans for growth and success.Victory bells were pealing in every part of the room. In his welcome note, Pratap Padode, Founder & President, FIRST Construction Council and Editor-in-Chief, CW, said, “Despite the disruption caused by Covid-19, India attracted its highest ever total FDI inflow of $81.72 billion in FY2020-21. In fact, India was the fifth largest recipient of FDI inflows in the world in FY2020-21. CRISIL estimates investments in industry could rise 30 per cent in FY22-24. The infrastructure and construction sectors are vying for mega projects in high-speed rail, corridors, expressways, airports, affordable housing, solar energy, roads and rail.” In its 25 years, CW has witnessed several highs and lows as India became the world’s sixth-largest economy by nominal GDP and the third largest by purchasing power parity (PPP). “During this time, CW has pivoted to becoming an agile information provider through its website and webinars. And it has now brought back the merits of physical meetings in the form of the 7th India Construction Festival. It is time to cheer our winners louder this time round as they have overcome and bagged honours in a year when even sustenance has been a challenge. They are true champions!” he averred.What’s more, CW also launched its video series, ‘India’s Construction Champions’, as a celebration of completing 25 years in the construction industry. The series showcases 25 companies from across the country that have focused on building India. Speaking about CW’s transition from its print to digital avatar, Tanveer Padode, Head-Operations, ASAPP Info Global Group, said, “We transitioned from print to digital, and that too a different form of digital. Not just articles, but videos that could tell you the same story. We have launched a wide range of activities. We have also extensively covered some prestigious construction projects across the country. We began this endeavour to recognise the effort of all the people involved in actually completing a project. We are constantly developing more tools that will enable the construction industry with more transparency and information.”Chiefs speakThe chief guest at the event, Bhushan Gagrani, Principal Secretary, Urban Development Department, Government of Maharashtra, said in his address that the regulatory mechanism is improving; financial tie-ups and new systems are infusing capital into construction and infrastructure. “The private and public sectors should come together to avoid delays in project completions,” he added. “And CONSTRUCTION WORLD is providing more than a platform to bring all the players together to exchange ideas and bring in new thoughts and robust energies into the entire world of construction. I wish CW and all the companies the very best and hope to build a new nation, a new future for the next generation of India.” In his keynote address, Awanish Kumar Awasthi, CEO, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), said, “In Uttar Pradesh, we have gone forward with our construction projects despite Covid. We will have an ‘express Pradesh’ and we at UPEIDA will ensure that the vision of the honourable prime minister and honourable chief minister is actually executed on the ground. I am sure that when there is be an opportunity, we will partner with CW to show and take forward the good work in our state.” (Read speech on page 46.)True championsCovid-19 has changed the world irrevocably in every way – how we live, work, connect with each other and conduct business. The concept of work from home has been adopted by most service providers; the supply chain has changed; and more automation has been instituted in most manufacturing facilities. These are difficult times. But despite all the challenges, some companies managed significant growth on the operational and financial fronts. At CONSTRUCTION WORLD, we recognised their efforts by ranking these top performers.Despite all the obstacles, uncertainties and challenges, these entities managed to persevere and prevail, posting growth and exhibiting excellence. And it is these companies from the universe of construction and contracting that CW honoured for their outstanding work. Awards and categoriesThe names of India’s Largest and Fastest Growing Construction Companies were unveiled at the event. The jury also selected the CONSTRUCTION WORLD Person of the Year in the Public and Private Sectors from a list of nominations put forth by the editorial team.Further, in line with our theme of ‘Building Value’ and to bring in more value to the awards, in the 19th edition, CW introduced nine new categories this year through nominations: 1) Project Manager of the Year 2) Construction Project of the Year 3) Woman in Construction for the Year 4) Innovation of the Year 5) Emerging Company of the Year 6) Emerging Construction Equipment of the Year 7) Product of the Year 8) CSR Company of the Year and 9) International Project of the Year. From these, winners were selected in two categories: the CONSTRUCTION WORLD Project of the Year and the CONSTRUCTION WORLD Emerging Company of the Year. FIRST Construction Council has also created another model for Top Challengers, which takes into consideration promising companies – including infrastructure developers, building materials and construction equipment manufacturers – having studied their ability to grow over the previous year despite challenging circumstances. From the winnersLt General Rajeev Chaudhry, Director General, Border Roads Organisation, received the trophy for ‘CW Person of the Year 2021’ in the Public Sector, and Sajjan Jindal, Chairman, JSW Group, received the trophy for ‘CW Person of the Year 2021’ in the Private Sector. (Read their acceptance speeches on pages 50 and 52.)Telling us that the company will be turning 50 next year, Hardik Agrawal, Director, Dineshchandra R Agrawal Infracon, said, “In cricket there is term called the furious 50s; we are in that phase and look forward to reach the nervous 90s!”Ajay Hans, CEO, Welspun Enterprises, in full positivity, said that while the award is being given to the company for the ‘Small’ category, “We are looking forward to go to the next category soon.”For his part, while thanking CW for the award, Himanshu Chaturvedi, Chief Strategy Officer, Tata Projects, said, “For us, the transition from a beginner in the EPC segment to a full-service company in all segments has been an exciting journey. We look forward to more excitement.”Vikaas Ahluwalia, Whole Time Director, Ahluwalia Contracts (India), said he was humbled to be at the event. “I think we are the smallest construction company here today at this gathering and I am really humbled to receive this award. Let’s all work hard together and build a better India; we all are capable of doing that.”Partners in successThe 19th CONSTRUCTION WORLD Annual Awards was presented by Apollo Tyres. Platinum Partner - Apco Infratech; Gold Partner - Larsen & Toubro; Silver Partner - Tata Projects; Associate Partners - Welspun Enterprises, Shyam Steel, Dineshchandra R Agrawal Infracon, Action Construction Equipment, J Kumar Infraprojects, KNR Constructions, GR Infra, Terex India, Sany India and BC India; and Association Partner - ICEMA.We thank all our partners for their support and congratulate our winners once again. Read on to know more about the winners and jury, and experience the magic of the evening!“The infrastructure and construction sectors are vying for mega projects in high-speed rail, corridors, expressways, airports, affordable housing, solar energy, roads and rail.” - PRATAP PADODE, Founder & President, FIRST Construction Council, and Editor-in-Chief, CONSTRUCTION WORLD“Despite the disruption caused by COVID-19, India attracted its highest ever total FDI inflow of $81.72 billion in FY2020-21. In fact, India was the fifth largest recipient of FDI inflows in the world in FY2020-21. This has happened on the back of the solid commitment shown by the government to reform and transform. It announced a National Infrastructure Pipeline of `111 trillion over 2020-2025 and a National Monetisation Plan to monetise assets valued at `6 trillion. It stepped up infrastructure spending, announced PLI schemes, tax reforms and affordable housing programmes, accelerated privatisation and fixed its vaccination programme. CRISIL estimates investments in industry could rise 30 per cent in FY22-24. The infrastructure and construction sectors are vying for mega projects in high-speed rail, corridors, expressways, airports, affordable housing, solar energy, roads and rail. These projects have fuelled building material prices even while the commodity cycle was already on a rise. Amid this increasing activity, strong brands have become stronger. CW, in its 25 years, has witnessed several highs and lows as India became the world’s sixth-largest economy by nominal GDP and the third largest by purchasing power parity (PPP). We have seen the birth of ‘infrastructure’ with Atal Bihari Vajpayee kicking off the Golden Quadrilateral Project; the formation of the National Highways Authority of India; the birth of PPPs with the road sector; the privatisation of airports; and aggressive bidding by the private sector even in negative grants. While the pace from 2005 to 2012 was heady, we also saw policy paralysis from 2012 to 2014. The green brigade raised red flags over development and many projects faced delays and protests. This soon paved the way for the new government, which fought tooth and nail for the land acquisition policy and saw ministers like Nitin Gadkari and Venkaiah Naidu bringing in fresh approaches to roads and urban development. A new set of players emerged, SPVs were created and rules amended for EPC companies to ease out of development models. The ground realities shifted towards technology, speed of execution, valuations, compliances and governance. In the last quarter of 2019-20, India’s GDP had hit 3.2 per cent, before Covid hit. We are now treading a line where building value is supreme. During this time, CW has pivoted to becoming an agile information provider through its website and webinars. And it has now brought back the merits of physical meetings in the form of the 7th India Construction Festival. It is time to cheer our winners louder this time round as they have overcome and bagged honours in a year when even sustenance has been a challenge. They are true champions!” “We are trying to get conversant with terminologies that were unheard of even for us as policymakers a few years back.”- BHUSHAN GAGRANI, Principal Secretary, Urban Development Department, Government of Maharashtra“We have been always proud of India. Broadly, we refer to infrastructure as soft infrastructure and hard infrastructure. We are always proud of our soft infrastructure, be it our culture or heritage, history or archaeology, IT and skilled manpower. However, if you want the world to take you seriously, this has to be complimented by hard infrastructure. That’s where the role of the construction industry comes in. The activities happening in hard infrastructure are phenomenal. As John F Kennedy once said, “American roads are not good because America is rich; America is rich because American roads are good.” This sums up the criticality of infrastructure. As policymakers, we have been visualising many changes and been orienting ourselves to the best global practices. We are trying to get conversant with terminologies that were unheard of even for us as policymaker a few years back – infrastructure project development conceptualisation, its financial tie-up, bidding system, land acquisition – and are trying to implement them. The regulatory mechanism is improving; financial tie-ups and new systems are infusing capital into construction and infrastructure. Whenever there is an economic downturn or an unprecedented situation like Covid, the government should step in, in the form of huge public investments, and that is possible only through infrastructure. The Government of India and state government are hugely pumping investments into infrastructure improvement. And whenever you build, you should shape a building such that it will shape you in future. Huge investments are coming; new initiatives such as Gatishakti and the National Monetisation Pipeline are being introduced. All these are coming into actualisation with your support and help from the private sector. As far as Maharashtra is concerned, particularly Mumbai, MMR and the major cities are experiencing a boom. Work is ongoing for the Mumbai Metro; Nagpur Metro is complete; Pune metro is in the completion stage. Metro projects are going on in five cities with all your help. India’s biggest airport, in Navi Mumbai, will be connected with the Mumbai Trans Harbour Link, which will be connected from Worli with another flyover – another ambitious project. The Mumbai Coastal Road is seeing progress every day. Then we have the Maharashtra Samruddhi Mahamarg joining Nagpur to Mumbai. If a quality corridor is constructed, the economy of the entire area gets transformed. We are hoping this is what the Nagpur-Mumbai corridor will bring to the state and the country. The private and public sectors should come together to avoid delays in project completions. And CONSTRUCTION WORLD is providing more than a platform to bring all the players together to exchange ideas and bring in new thoughts and robust energies into the entire world of construction. I wish CW and all the companies the very best and hope to build a new nation, a new future for the next generation of India.”“We have about `800 billion of projects within the state under UPEIDA.”- AWANISH KUMAR AWASTHI, CEO, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA)“In the last year and a half with COVID, construction was difficult. In Uttar Pradesh, despite Covid, we have gone forward with our construction projects. We have started movement on the Purvanchal Expressway, which is a Rs.220 billion project of about 341 km, despite two waves of COVID. The distance from Lucknow to Ghazipur of 341 km can now be covered in less than three-and-a-half hours. Further, 75 per cent of work on the Bundelkhand Expressway project is completed and we hope to start the first vehicles on this road before January. Again, we have been able to do this Rs.150 billion project in the original timelines despite Covid. We are also doing the 90-95 km Gorakhpur Link Expressway, linking Gorakhpur to Azamgarh, which we expect to start by March next year. So, we will have an ‘express Pradesh’ and we at UPEIDA will ensure that the vision of the honourable prime minister and honourable chief minister is actually executed on the ground. And Covid or no Covid, we have ensured that construction on the ground has succeeded. Uttar Pradesh has the largest number of migrants coming back to the state and they were employed within the projects that being executed in the state. Due to Covid, those who came back and wanted work on our construction sites were provided the opportunity to work in our own state. Uttar Pradesh is also going ahead with the `420 billion Ganga Expressway, a dream project of the honourable chief minister. We have already acquired about 93 per cent of the land and are doing the rest of the project preparations. We have received a `510 billion loan from the Punjab National Bank and are also getting support from a large number of financial institutions. We hope to start work on the Ganga Expressway by November. With the Ganga Expressway project, we have about `800 billion worth of projects within the state under UPEIDA, which is a feather in our cap. UPEIDA is also executing the Defence Corridor, which is again a large project and the vision of the honourable prime minister. We hope to achieve a target investment of about Rs.100 billion in the Defence Corridor and bring the BRAHMOS missile construction to Uttar Pradesh. I am sure the target of Rs.100 billion will be achieved in the next six months. I am happy that CONSTRUCTION WORLD invited me for this occasion. I am sure that when there is be an opportunity, we will partner with CW to show and take forward the good work in our state.”

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