Newsmakers
ECONOMY & POLICY

Newsmakers

First Indian Iabse President
Dr. Harshavardhan Subbarao has been elected as the President of the International Association for Bridge and Structural Engineering (IABSE) for the 2025-2028 term. He is the first Indian to hold this prestigious position. With over 20 years of active involvement in IABSE, Dr. Subbarao has contributed significantly, serving as Vice President, Executive Committee member, and Chair of several committees, including the Outstanding Paper Award Committee (OPAC). As Chairman of Construma Consultancy Pvt. Ltd. (CCPL), he brings over 38 years of expertise in bridge and structural engineering. Dr. Subbarao is dedicated to promoting global collaboration and innovation in the field.

Strategic Diversification 
Sajjan Jindal, Chairman and Managing Director, JSW Group, leads the firm which has secured contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL), marking its entry into non-ferrous mining with a planned investment of Rs 26 billion (bn). The project includes mine operationalisation, a copper concentrator plant, and an ore capacity of 3 MTPA. In parallel, JSW has committed Rs 300 bn for FY25-FY30 to expand JSW Infrastructure's cargo capacity to 400 MTPA. Additionally, recent Rs 3 trillion MoU with Maharashtra aims to bolster investments in steel, renewable energy, EVs, and cement. The recent investment showcases strategic diversification to meet demand for essential metals across high-growth sectors.

Building Connectivity  
Devendra Jain, CEO & Managing Director, Dilip Buildcon, leads the company which has constructed Gorakhpur Link Expressway at a cost of Rs 12.50 billion (bn). Spanning 91.35 km, the expressway connects Jaitpur in Gorakhpur to Salarpur in Azamgarh, linking with the Purvanchal Expressway. With 98 per cent work completed, the expressway to reduce Gorakhpur-Lucknow travel time to 3.5 hours. Boasting a four-lane expandable design, it features seven flyovers, 50 underpasses, and industrial corridors to drive regional commerce. Dilip Buildcon’s net order book stood at Rs 173.55 bn, the firm has completed major projects including Nagpur-Mumbai Super Communication Expressway, Bhopal metro and Ahmedabad metro.

First Indian Iabse PresidentDr. Harshavardhan Subbarao has been elected as the President of the International Association for Bridge and Structural Engineering (IABSE) for the 2025-2028 term. He is the first Indian to hold this prestigious position. With over 20 years of active involvement in IABSE, Dr. Subbarao has contributed significantly, serving as Vice President, Executive Committee member, and Chair of several committees, including the Outstanding Paper Award Committee (OPAC). As Chairman of Construma Consultancy Pvt. Ltd. (CCPL), he brings over 38 years of expertise in bridge and structural engineering. Dr. Subbarao is dedicated to promoting global collaboration and innovation in the field.Strategic Diversification Sajjan Jindal, Chairman and Managing Director, JSW Group, leads the firm which has secured contract for two copper blocks in Jharkhand from Hindustan Copper Limited (HCL), marking its entry into non-ferrous mining with a planned investment of Rs 26 billion (bn). The project includes mine operationalisation, a copper concentrator plant, and an ore capacity of 3 MTPA. In parallel, JSW has committed Rs 300 bn for FY25-FY30 to expand JSW Infrastructure's cargo capacity to 400 MTPA. Additionally, recent Rs 3 trillion MoU with Maharashtra aims to bolster investments in steel, renewable energy, EVs, and cement. The recent investment showcases strategic diversification to meet demand for essential metals across high-growth sectors.Building Connectivity  Devendra Jain, CEO & Managing Director, Dilip Buildcon, leads the company which has constructed Gorakhpur Link Expressway at a cost of Rs 12.50 billion (bn). Spanning 91.35 km, the expressway connects Jaitpur in Gorakhpur to Salarpur in Azamgarh, linking with the Purvanchal Expressway. With 98 per cent work completed, the expressway to reduce Gorakhpur-Lucknow travel time to 3.5 hours. Boasting a four-lane expandable design, it features seven flyovers, 50 underpasses, and industrial corridors to drive regional commerce. Dilip Buildcon’s net order book stood at Rs 173.55 bn, the firm has completed major projects including Nagpur-Mumbai Super Communication Expressway, Bhopal metro and Ahmedabad metro.

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Infrastructure Urban

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

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Infrastructure Urban

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

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Infrastructure Urban

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..

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