CONSTRUCTION WORLD Person of the Year 2021(Private Sector)
ECONOMY & POLICY

CONSTRUCTION WORLD Person of the Year 2021(Private Sector)

Sajjan Jindal, Chairman, JSW Group Meet a man contributing significantly to India’s growth philosophy! An accomplished business leader and second-generation entrepreneur, Sajjan Jindal had the foresight to lead the steel industry and JSW in particular on ...

Sajjan Jindal, Chairman, JSW Group Meet a man contributing significantly to India’s growth philosophy! An accomplished business leader and second-generation entrepreneur, Sajjan Jindal had the foresight to lead the steel industry and JSW in particular on a transformational journey. JSW's innovative and sustainable presence in various sectors, including steel, energy, infrastructure, cement, paints, venture capital and sports, is helping the group play an important role in driving India’s economic growth. The group strives for excellence by leveraging its strengths and capabilities, including a successful track record of executing large capital-intensive and technically complex projects, a differentiated product mix, state-of-the-art manufacturing facilities and greater focus on pursuing sustainable growth. With a culturally diverse workforce spread across India, the US, Europe and Africa, JSW Group directly employs nearly 40,000 people.A mechanical engineer, Jindal led the JSW Group through some of its most exciting phases, including JSW Steel and JSW Energy going public in 1995 and 2009-10, respectively. Today, the group takes pride in expanding the business landscape across infrastructure, sports and cement, with revenues over $13 billion for the year ended March 31, 2021.A firm believer of the Make in India philosophy, Jindal has been awarded at global platforms for his contribution and commendable work. He has been awarded the JRD Tata Award 2017 for ‘Excellence in Corporate Leadership in the Metallurgical Industry.’ He was also awarded the ‘2014 National Metallurgist Award: Industry’ instituted by the Ministry of Steel, Government of India. His keenness to give back to society and a desire to improve the “lives of individuals” led to the creation of the JSW Foundation, which is committed to providing the means to empower individuals to bridge the socioeconomic divide and contribute to the creation of a more equitable and sustainable community. The foundation is proud to have touched the lives of over 1 million people by providing them with opportunities for a bright and sustainable future.A renowned and respected practitioner of sustainable business practices, Jindal is a noted member of the Executive Committee of the World Steel Association, president of the Indian Steel Association as well as the former president of the Institute of Steel Development & Growth. He is also a council member of the Indian Institute of Metals.

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Infrastructure Urban

PM Modi, Russian Deputy PM discuss strengthening trade, energy ties

Prime Minister Narendra Modi met with Russia’s First Deputy Prime Minister Denis Manturov to discuss ways to enhance bilateral cooperation, particularly in the areas of trade, energy, and connectivity. The meeting focused on strengthening the special and privileged strategic partnership between India and Russia, with both sides reaffirming their commitment to advancing mutual interests.PM Modi welcomed the ongoing efforts to implement agreements made during his recent meetings with Russian President Vladimir Putin. Both leaders emphasized the importance of continued collaboration to realize ..

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Technology

L&T Technology Services acquires US-based Intelliswift for $110 mn

L&T Technology Services (LTTS) has announced the acquisition of Silicon Valley-based Intelliswift for $110 million. The move aims to strengthen LTTS’ offerings in software product development, platform engineering, and digital integration, particularly in data and artificial intelligence (AI). Intelliswift serves high-profile clients across sectors like retail, fintech, and technology, including four of the top five hyperscalers and more than 25 Fortune 500 companies.With this acquisition, LTTS expands its client base and enhances its expertise in the fast-growing digital services market..

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Infrastructure Urban

Welspun Corp arm sells 5% stake in associate entity for about Rs 480 cr

Welspun Mauritius Holdings (WMHL), a subsidiary of Welspun Corp, has divested a 5% equity stake in East Pipes Integrated Company for Industry (EPIC) for 218.9 million Saudi Riyals (approximately Rs 480 crore). EPIC, based in Saudi Arabia, is a listed associate of Welspun Corp.The stake sale, which was executed in a series of negotiated trades on the Tadawul Stock Exchange, reduces WMHL’s stake in EPIC from 31.5% to 26.5%, though it remains the largest shareholder. The proceeds from the sale will be reinvested into Welspun's new subsidiary, Welspun Pipes Company, KSA, which is set to finance ..

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