Wednesday, September 20, 2017

Newsbreakers

SOLAR MAN

For a self made entrepreneur, Vineet Mittal, Vice Chairman and Co-founder of Welspun Energy Limited, seems to be doing pretty well to earn his place under the Indian sun. The renewable energy industry has declared him Solar Man of the Year thanks to his group’s outstanding efforts in the solar energy space.  Welspun Energy Pvt. Ltd (WEPL), a leading independent developer of renewable energy projects with a vision of commissioning 1.75 GW of solar and wind projects, has so far commissioned over 328 MW solar and wind capacities. The Mumbai headquartered company is currently constructing capacities of over 703.5 MW in high solar radiation and wind velocity zones like Gujarat, Rajasthan, Madhya Pradesh, Mahasrashtra, Andhra Pradesh, Tamil Nadu and Punjab. The organisation has so far poured 597 million units of environment-friendly energy into the state grids. The clean energy generator has time and again demonstrated its ability to design, engineer and design renewable projects with high performance outputs and low cost - delivery period with the help of its specialised team of scientists and engineers by employing cutting edge technologies. Welspun also holds the distinction of constructing one of the world’s largest solar projects of 151 (DC) MW. It is presently mitigating over 533,494 tonnes of CO2 emissions annually. The graduate of Harvard Business School has also left his imprimatur in areas like hospitality, education, textiles, oil and gas, IT and enabled services, healthcare and empowerment – he was named Entrepreneur of the Year at the Madhavrao Scindia Leadership Awards 2010. 

 

 

MARKET LORD

If Tata Consultancy Services (TCS) crossed the Rs 5 lakh crore mark in market capitalisation recently in the process becoming the second most valuable IT services company in the world – ahead of Ireland's Accenture but behind US's IBM – it owes considerably to the efforts of Natarajan Chandrasekaran. Ever since he took over at the company’s helm in 2009, Chandra, as the Chief Executive Officer and Managing Director is known to his friends, has been responsible for the company’s global strategy across its footprint of 46 countries. Chandrasekaran has built a reputation in the IT industry for his exceptional ability to build and grow new business offerings and nurture long-term relationships. He has been behind several strategic new business initiatives at TCS and displayed the ability to mature new ideas. What is remarkable about TCS’ most recent market cap performance is that is the first Indian company to achieve the feat, exceeding the combined market cap of the other four domestic IT players like Infosys ($31.7 billion), Wipro ($23.3 billion), HCL Technologies ($17.9 billion) and Tech Mahindra ($8.5 billion). Further the software services firm's market cap is also bigger than the combined market cap of the other 31-listed Tata group companies' $57.2 billion.  Incidentally TCS is followed by ONGC ($57.63 billion), Reliance Industries ($55.53 billion) and ITC ($46.62 billion) in the rankings. The $13billion firm which counts Cisco and Hewlett-Packard among its clients has over 300,000 consultants and is counted among the largest private sector employers in India with the highest retention rate in a globally competitive industry. For the man with moon written into his name the Sun is not the limit.

 




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