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Tag: Adani Enterprises

  • NDTV Infrashakti Awards: Honouring milestones in India’s infrastructure growth story

    NDTV Infrashakti Awards: Honouring milestones in India’s infrastructure growth story

    Mumbai: The NDTV Infrashakti Awards 2024 celebrated India’s remarkable infrastructure growth story by honouring extraordinary initiatives. Speaking at the event, union minister of road transport and highways, Nitin Gadkari, revealed that India would launch the first phase of a GPS and satellite-based toll system in the next three months, before implementing it nationwide.

    During a fireside chat with NDTV’s CEO and editor-in-chief Sanjay Pugalia, Gadkari spoke at length about the importance of tackling pollution in India by promoting non-polluting sources for personal and public transportation. The NDTV Infrashakti Awards were created to inspire innovation and excellence across the country by recognising individual and institutional initiatives.

    A significant component of the Infrashakti campaign, the awards focused on celebrating stories behind India’s infrastructural advancements. From engineering marvels to sustainable urban planning, the awards honoured exceptional contributions that defined the nation’s growth.

    Gadkari spoke on the importance of tackling pollution in India by promoting non-polluting sources for personal and public transportation. The union minister highlighted the government’s initiatives, including the promotion of electric scooters, cars, and buses, as well as the need to expand the use of bio and alternative fuels.

    Gadkari mentioned ongoing projects like electric trolley buses in Nagpur and the adoption of hybrid engines in construction equipment, which operate on diesel and CNG. He also stressed how the potential of tractors powered by ethanol, methanol, CNG, and electricity was set to revolutionise the agricultural sector, benefiting farmers significantly within the next year. “Green hydrogen is the future,” Gadkari stated, envisioning India as an exporter of energy rather than an importer.

    Adani Enterprises MD (agro, oil and gas) and director Pranav Adani while delivering the keynote address spoke on the transformative power of infrastructure, mentioning “Human history, whether ancient or modern, shows us that infrastructure is the fundamental key to all the progress.”

    The NDTV Infrashakti Awards 2024 comprised six jury-selected categories and one popular choice/viewers’ choice category. The categories include Rural Infra Pioneer, Renewable Energy Star, Water Saviour, Urban Infra Hero, Infra Visionary, and Transport Trailblazer. The public can also vote for the Inclusive Infrastructure category in the popular choice award, which allows everyone to make their voice heard.

    The awards were judged by an esteemed panel of five jury members – prime minister’s economic advisory council chairman Dr. Bibek Debroy; GSK Pharmaceuticals chairperson and HDFC Bank Ltd’s former MD and current non-executive director Renu Sud Karnad; image guru specialising in litigation landscaping and policy analyst Dilip Cherian; actor, sustainability advocate, and social activist Gul Panag; and Professor Emeritus at Gujarat Maritime University Professor G Raghuram.

    The stellar guest list also included union minister of petroleum and natural gas Hardeep Puri as the Guest of Honour. The minister, in conversation with NDTV’s Marya Shakil, laid emphasis on India’s growing focus and shift to green energy, while adding,

    “No matter which way you look at it, if you look at green energy, the transition, biofuels… look at the 15 per cent transition we have done. We did 15 per cent biofuel blending. And we are solving the problem in agriculture,”

    With this union minister Hardeep Singh Puri presented NDTV Infrashakti Lifetime Achievement Award for Connecting India to E Sreedharan, the “Metro Man” of India. Delhi Metro Rail Corporation’s executive director Anuj Dayal accepted the award on Sreedharan’s behalf. The Infrashakti Award for Rural Infra Pioneer went to DeHaat’s CEO Shashank Kumar, for his vision and commitment to leveraging technology for rural development, which has not only improved infrastructure but also revitalized rural economies, creating a ripple effect of socio-economic benefits. The NDTV Infrashakti Award for Inclusive Infrastructure was awarded to Swarga Foundation. Swarnalatha J, on receiving the award, remarked, “People call me by different names. I am here to tell the whole world that I am not just special because of my disability but because of my ability to turn every adversity into an opportunity.”

    Arun Krishnamurthy, recipient of the NDTV Infrashakti Award for Water Saviour, has been a beacon of hope in water conservation and management. His dedication to environmental stewardship underscores the critical importance of water conservation in India’s development agenda. The NDTV Infrashakti Award for Renewable Energy Star went to Pankaj Kumar and Siddhant Agarwal of Quant Solar. Union minister Hardeep Singh Puri also presented NDTV Infrashakti Award for Infrastructure Financier to the State Bank of India. The Infrashakti Award for Transport Trailblazer was given to Afcons Infrastructure for innovative solutions, significant contributions to the transport infrastructure sector and for setting new benchmarks in project execution and management.

    Sudhanshu Mani was honoured as Infrashakti Infravisionary, for his visionary initiatives that have not only addressed critical challenges but have also propelled India towards sustainable and inclusive growth. Sandeep Patel, Founder of Nepra, received the Urban Infra Hero Award for his instrumental leadership in pioneering projects that enhance liveability and resilience in urban centres, setting a new standard for integrated urban development.

    Centre for Science and Environment (CSE) executive director of research and advocacy Anumita Roychowdhury, highlighted the urgency of addressing climate change. “If there’s a takeaway from the summer we just had, with its persistent heatwaves and unprecedented floods, it’s that climate change is real and constant. We can’t keep blaming climate change; we must ensure our infrastructure development is sustainable and mitigates the impact.”

    The NDTV Infrashakti Awards 2024 showcased the pulse of a vibrant country by recognising and celebrating the efforts of those transforming India’s infrastructure landscape. By acknowledging infrastructure development, which has the power to change lives and connect communities, these awards serve as guiding beacon for a Viksit Bharat. The NDTV Infrashakti Awards aim to inspire further innovation and excellence in the sector, honouring the visionaries driving India’s growth story and contributing vastly to a sustainable future.

  • Nuberg EPC spearheads Chlor-Alkali project for Adani Group

    Nuberg EPC spearheads Chlor-Alkali project for Adani Group

    Mumbai: Nuberg EPC, a Global EPC and turnkey project management company, is to announce its latest undertaking – Chlor-Alkali project, commissioned by Mundra Petrochemical Ltd. (MPL), a subsidiary of the esteemed Adani Enterprises. This pioneering project is poised to make a significant impact in the industry with a capacity of 2200 TPD, utilising a 100 per cent NaOH process.

    Strategically located in the vibrant Mundra zone of Gujarat, the project stands as a testament to innovation and engineering excellence in providing Engineering, Procurement & Construction Management (EPCM) services including a review of a balanced Basic Engineering Package (BEP) of technology.

    The project was signed off with a high-profile meeting in Mumbai, graced by the presence of Adani Enterprises’ dignitaries, including Adani, vice president, Jayant Parimal, CEO, Jagan Kishore, project director, Upendra Varmora, techno-commercial head, and Nimai Charan, VP project manager, as well as Nuberg EPC’s luminaries, Amit Tyagi, director, and Rakesh Verma, chief business development officer.

    Nuberg EPC chairman and managing director (CMD) A. K. Tyagi, expressed gratitude upon being awarded the project, highlighting the company’s commitment to delivering projects punctually and with unparalleled quality, notwithstanding industry challenges.

    Tyagi underscored Gautam Adani, the founder and chairman of the Adani Group, as emblematic of entrepreneurial success, illustrating how dedication and strategic vision can lead to remarkable achievements. Adani’s journey, from modest beginnings to becoming a leading business magnate in India, exemplifies the transformative power of diligence and innovation. Adani’s legacy, characterized by significant milestones such as the establishment of Mundra Port in Gujarat, reflects his dedication to global expansion, innovation, sustainability, and social responsibility through the Adani Foundation.

    Adani’s journey offers valuable lessons for aspiring entrepreneurs, emphasizing perseverance, strategic vision, innovation, and social responsibility. His enduring commitment to growth and ethical practices serves as a testament to the importance of resilience and determination in achieving success, inspiring businesses and entrepreneurs worldwide.

    Committed to a swift 15-month delivery timeline, Nuberg EPC’s project scope encompasses the entire spectrum of EPCM services. This encompasses meticulous Detail Engineering across all disciplines (Process & HSE, Piping, Mechanical, Electrical, Instrumentation, Civil & Structural, Rotatory & Static Equipment, etc.), Technical Assistant services for procurement, Supervision Services throughout Construction, erection, Pre-commissioning, Commissioning, Performance Guarantee Tests, and technical review services for Other Contractors’ documents and inspection. The project entails EPCM services for a 2200 TPD Caustic Soda (100 per cent NaOH) Plant within the 1 MMTPA Green PVC Project in Mundra, Gujarat, India.

    “As we undertake this monumental Chlor-Alkali project, our endeavour extends beyond mere construction; we are establishing the groundwork for a greener, more sustainable future. Our dedication to technological excellence and extensive global execution experience form the cornerstone of our success, making this upcoming project India’s largest Chlor-Alkali Project upon completion. Executing the 250 TPD EPCM Caustic Soda Plant Project alongside Chemfab Alkalis Ltd., our participation in the 2200 TPD Caustic Soda Plant Project with Adani Group showcases our steadfast dedication to engineering excellence and our substantial role in propelling India’s industrial progress,” remarked  AK Tyagi, CMD, Nuberg EPC.

    Nuberg EPC boasts a distinguished track record, having completed over 25 Caustic Soda turnkey projects worldwide, showcasing robust in-house capabilities and a commitment to pioneering technology-driven endeavours. Recognized as the World’s No. 2 EPC Company for Chlor-Alkali, we uphold our responsibility as a global corporate citizen by leading innovation in top-tier technologies and processes.

    Our contributions extend across various sectors, including the establishment and operationalisation of multiple plants such as Sulfur Recovery Units (SRU) in chemicals & fertilisers, Hydrogen Fueling Station in energy & infrastructure, Den-sac Plant in nuclear & defence, and Sulphuric Acid Plant in steel industries. Leveraging our expertise, we actively engage in global projects promoting hydrogen-green, grey, and blue initiatives, 2G & 3G ethanol, water electrolysis, water-soluble fertilisers, and next-generation nutrients, solidifying our leadership in the international arena.

  • TAM report: LIC was the leading brand during Jan-Jun’23

    TAM report: LIC was the leading brand during Jan-Jun’23

    Mumbai: TAM India has released a half-yearly report for advertising in Banking Finance Investments(BFSI).

    Ad volumes’ trend for BFSI on TV:

    The BFSI sector’s ad volumes on television increased by four per cent during Jan-Jun’23 compared to Jan-Jun’22.

    The top 10 categories together accounted for 85 per cent share of ad volumes in TV during Jan-Jun’23. Life insurance & mortgage loans retained their first & second positions in Jan-Jun’23 over Jan-Jun’22. Housing/construction loans, multiple loans & retail banking were the new entrants in the top ten list of categories in Jan-Jun’23

    compared to Jan-Jun’22. During Jan-Jun’23, the top ten advertisers accounted for 58 per cent of total ad volumes. LIC of India & Muthoot Financial Enterprises retained their first & second positions during H1’23 over H1’22. Piramal Capital & Housing Finance was an exclusive advertiser with five per cent share of ad volume in H1’23 over H1’22.

    Top 10 brands accounted for 42 per cent share of ad volumes in H1’23 over H1’22

    with Muthoot Finance Loan against gold leading the list. LIC New Pension Plus & Piramal Finance Home Loan were exclusive brands during Jan-Jun’23 over Jan-Jun’22.

    The top two TV channel genres accounted for 82 per cent of ad volumes share for BFSI sector during H1’23. The news channel genre was most preferred by BFSI players in Jan-Jun’23.

    News bulletin was the most preferred program genre to promote brands in the BFSI sector on television. The top two program genres i.e. news bulletin and feature films together added 61 per cent of the sector’s ad volumes.

    Prime time garnered the highest advertising on TV followed by afternoon and morning time bands. In terms of ad volumes, the prime time, afternoon, and morning time bands collectively accounted for 73 per cent share.

    Advertisers of the BFSI sector preferred 20 – 40 sec ad size on TV during H1’23. 20-40 seconds and less than 20 seconds ads together covered 92 per cent share.

    Ad space for BFSI sector in Print:

    Ad space of the BFSI sector witnessed a degrowth of seven per cent in Jan-Jun’23 compared to Jan-Jun’22.

    Public issues & life insurance retained their first and second positions in H1’23 over H1’22 with public issues leading the list. Fixed deposits & retail banking were the only new entrants in the top 10 list of categories during H1’23 over H1’22. During H1’23, the top 10 categories together added 88 per cent share of ad space. LIC of India retained its first position in Jan-Jun’23 with 19 per cent share of ad space. Adani Enterprises was an exclusive advertiser during Jan-Jun’23 with two per cent share of ad space. In print medium, the top 10 advertisers of the BFSI sector together added 38 per cent share of ad space in Jan-Jun’23.

    Out of the top 10 brands, five of them belonged to LIC of India in H1’23.

    The top 10 brands accounted for 25 per cent share of the total ad space in print.

    LIC Dhan Varsha, Adani Enterprise-IPO, HDFC Systematic Investment

    Plan & LIC New Pension Plus were exclusive brands present in Jan-Jun’23

    over Jan-Jun’22.

    The English language has the highest share of ad space, i.e., 51 per cent. The top five publication languages together added 88 per cent share of the sector’s ad space. General interest dominates ad space in general newspaper with 59 per cent.

    South zone was the leading territory with 34 per cent share of BFSI advertising in Print in Jan-Jun’23. Mumbai & New Delhi were the top cities in the West zone and North zone respectively. Also, they were the top two cities in PAN India during H1’23.

    Ad volumes’ trend for BFSI sector on radio:

    Index ad volume growth of BFSI sector witnessed surge of 32 per cent during Jan-Jun’23 compared to Jan-Jun’22.

    Life Insurance dominated the category list with 28 per cent of the total BFSI ad volumes. The top 10 categories added 91 per cent ad volume share of the sector on radio. The top four brands retained their respective positions in Jan-Jun’23 compared to Jan-Jun’22. The top 10 advertisers added 81 per cent share of ad volumes during H1’23, among which LIC of India was the leading advertiser. AMFI was an exclusive advertiser during Jan-Jun’23 compared to Jan-Jun’22.

    Top 10 brands accounted for 58 per cent share of ad volumes in Jan-Jun’23, in which LIC Housing Finance retained its first position. Five out of the top 10 brands belonged to LIC of India during H1’23. LIC Dhan Varsha, LIC Pension Plus & AMFI were exclusive brands present in the top 10 list in H1’23 over H1’22.

    The top three states occupied 47 per cent share of ad volumes for the BFSI sector. Maharashtra was the leading state for advertising on radio with 20 per cent share of the sector’s ad volumes in Jan-Jun’23.

    Advertising for BFSI was preferred in the evening closely followed by morning timeband on radio. 87 per cent share of the BFSI ad volumes were in evening and morning time-bands in Jan-Jun’23.

    Ad impressions trend for BFSI sector on digital:

    On Digital medium, ad impressions observed a massive surge of 91 per cent

    during the H1’23 compared to H1’22.

    Mutual Funds ascended to first position with 18 per cent share of ad impressions in H1’23. Also, the top 10 categories together accounted for 92 per cent share of ad impressions. Credit cards and retail banking were the new entrants in the top 10 list of categories during Jan-Jun’23. The top 10 advertisers collectively added 47 per cent share of ad impressions during H1’23 with AMFI leading the list of advertisers.

    Top 10 brands accounted for 41 per cent share of ad impressions in Jan-Jun’23.

    AMFI retained its first position with 11 per cent share of ad impressions in H1’23

    over H1’22.

    Programmatic was the leading transaction method for digital advertising of the BFSI sector in Jan-Jun’23 with 61 per cent share. Programmatic and programmatic/ad network transaction methods together captured 80 per cent share of BFSI ad impressions on digital.

  • AMG Media Networks to acquire 49 per cent stake in QBM

    AMG Media Networks to acquire 49 per cent stake in QBM

    Mumbai: AMG Media Networks Ltd, a part of Adani Enterprises Ltd, has signed definitive agreements with Quintillion Media Ltd and Quintillion Business Media Ltd to acquire 49 per cent stake in Quintillion Business Media (QBM). Quintillion Business Media owns and operates an exclusive business and financial news digital media platform.

    AMG Media Networks Ltd is the media arm of Adani Enterprises that carries on business of media related activities including publishing, advertising, broadcasting, distributing of content over different types of media networks. The company is expected to commence its business operations soon and is helmed by Sanjay Pugalia as CEO and editor-in-chief of media initiatives. Pugalia is a veteran journalist who has worked with The Quint, CNBC Awaaz, Zee News, Aaj Tak, Business Standard, NBT and Star News. 

    As per Registrar of Companies (ROC), AMG Media Networks has three directors including Adani Enterprises director Pranav Vinod Adani, Adani Enterprises chief technology officer Sudipta Bhattacharya and Sanjay Pugalia.

    In March, QBM – an indirect subsidiary of Quint Digital – announced that Adani Group would acquire a minority stake in the company. QBM owns and operates the digital platform BloombergQuint now renamed as ‘BQPrime’ that covers business and financial news in India.

  • Adani Enterprises forays into media business with AMG Media Networks

    Adani Enterprises forays into media business with AMG Media Networks

    Mumbai: Adani Enterprises Ltd has announced the incorporation of AMG Media Networks Ltd. The incorporated company will carry on the business of media-related activities including publishing, advertising, broadcasting, distributing, etc., of content over different types of media networks.

    “AMG Media Networks will commence its business operations in due course,” said the statement.

    Adani Enterprises had appointed Sanjay Pugalia as CEO and editor-in-chief of media initiatives. Pugalia is a veteran journalist who has worked with The Quint, CNBC Awaaz, Zee News, Aaj Tak, Business Standard, NBT and Star News.  

    As per Registrar of Companies (ROC), AMG Media Networks has three directors including Adani Enterprises director Pranav Vinod Adani, Adani Enterprises chief technology officer Sudipta Bhattacharya and Sanjay Pugalia.

    In March, Quintillion Business Media Pvt Ltd (QBM), an indirect subsidiary of Quint Digital, announced that Adani Group would acquire a minority stake in the company. QBM owns and operates the digital platform Bloomberg Quint which covers business and financial news in India.