Sunday, December 17, 2017

NEWSBREAKERS

Planeport pashas

 

If Mumbai – that once lay outside the weltanschuuang of globally admired airports – finally got for itself a swanky plane station it owes largely to the initiatives of GVK Group’s Chairman GVK Reddy and Vice Chairman Sanjay Reddy. Built at a cost of Rs 12,500 crore, the 4.4 million square feet facility to cater to 40 million passengers has everything that a city billed as Urbs Prima in Indis would have wished for – it is a cultural, architectural and design delight besides being a marvel in terms of its facilities and functions. The father and son duo have reportedly characterised the new development as the “mother of all challenges”. It took seven years to build and involved addressing its most major complaint – which is that of space! As a wag has pointed out constructing the airport was like performing bypass surgery while running! 

 

 

 

Revival man

 

Ever since he took over the reins of Cairn India in 2012, Pandharinathan Elango has been pushing the performance ceiling for his company. As Chief Executive Officer he has drawn up ambitious plans intended to recover oil in excess of 90 million barrels in the Rajasthan block and sustain peak output for a longer time The oil and gas multinational is now looking to invest Rs 3,000 crore to enhance the production of oil at its most prolific Barmer block over the next three years.. The company at present produces up to 1,85,000 barrels of oil per day and is looking to  exit the financial year with over 2,00,000 bpd output. The investment is part of the $3 billion capex the company had outlined last year. Elango has been with Cairn India since January 1996 has been involved in both commercial and asset management functions of the company. A whole time director at Cairn India Limited has over 20 years' experience in the Indian oil and gas sector, of which close to a decade were with ONGC.

 

 

 

Politician Modi-fied

 

Notwithstanding his detractors, and there are many, you can expect him to be a sure shot hit with the infrastructure and construction sector, going by his most recent pronouncements. Gujarat Chief Minister Narendra Modi’s latest wish list includes Indian Institutes of Technology, Indian Institutes of Management, All India Institutes of Medical Science in every state, 100 new smart cities and bullet trains to all four corners of the country. His emphasis on development of infrastructure such as roads, ports and airports, revival of closed power plants, deployment of optical fiber networks, interlinking of rivers, setting up of agro infrastructure gas grids, and railway modernisation plans has had industrialists like Ajay Piramal and construction czars like Ajit Gulabchand in thrall. It always makes eminent sense to have the next prime minister outlining his plans for development. Modi Vision, anyone?




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