Construction World NICMAR Awards 2007

Subbrami Reddy Presents the Much Awaited
"Construction World NICMAR Awards 2007"

Top 60 Companies Receive Awards Across12 Different Categories.
Winners include Maytas Infra, Subhash Projects, Era Infra, Essar Constructions, Navayuga Engineering, Lanco Infratech, L&T, BEML, ECEL, ACE, Atlas Copco etc.

The much awaited annual largest event: Construction Awards "Construction World NICMAR Awards 2007" were held on a very grand scale held at ITC Maratha on 30 th October, 2007. Construction World, the largest circulated construction magazine across India and the Gulf with independent editions, declared its 5th annual awards "Construction World NICMAR Awards 2007".

Mr. Pratap Vijay Padode, MD, ASAPP Media Information Group informed "Construction stocks are ruling the stock markets too and we have added new categories of real estate in our model for evaluation of growth. We are happy that we have been able to bring this sector into limelight by defining new standards of professionalism and achievement".

The awards were presented by Chief Guest Dr. T. Subbrami Reddy, Union Minister of State for Mines and Guest of honor Shri. M.Venkata Ramana Rao, Minister of infrastructure & investment, ports, airports & natural gas, Government of Andhra Pradesh . Around 500 top level corporate captains of large corporates from across India were present to attend this function. Also present were Atul Tandon, Chairman, ASAPP Media, Dr. A Ramakrishna, Ex MD L&T and filmmaker Ashok Pandit.

Few of the corporates who will be present for this mega awards function are Tata Projects, Nagarjuna Constructions, Gammon India, Gujarat Apollo Equipment, BEML, L&T, Maharashtra Power Generation Company, Nitco Paints, Asian Paints, Alok Industries, Neelkanth Group, Hafeez Contractor, Unity Infraprojects, Consul General of Egypt, Nagarjuna Constructions, Indian Hume Pipe, Schwing Stetter, Export Credit Guarantee Corporation, Atlas Copco, Kajaria Ceramics, Shalimar Paints, Sandvik Asia, Southern Iron & Steel (JSW Group) etc.

There are overall 60 awards. The categories for which are
1) India's most admired companies
2) Fastest Growing Construction Companies
3) Fastest Growing Construction Equipment companies
4) Fastest Growing Building Material companies
5) Fastest Growing Real Estate companies



The list of the panelists who had short listed the names of the companies for above categories for awards included
List of Advisory Panel in 2007

1) S. A. Reddy, Deputy Managing Director, Gammon India Ltd.,

2) Vikram Sud, Group Chief Operation Officer, Kotak Mahindra Bank

3) Niranjan Hiranandani, Managing Director, Hiranandani Developers Pvt. Ltd.

4) Dr. Mangesh Korgaonkar, Director General, NICMAR

5) Daksesh Parikh, Executive Editor, Business India

6) Sunil Damania, Executive Editor, Dalal Street Journal

7) Ashish Raheja, Managing Director, K Raheja Universal Pvt. Ltd

8) Anil Singhvi, Managing Director ICAN Investment Advisors Ltd.

9) Chetan Shah Director Mergers & Acquisitions Vice Chairman's Office The Indian Hotels Company limited

Last year the awards function was held in Mumbai at Taj Land's End where Mr. Rajeeva Ratna Shah, Member-Secretary, Planning Commission distributed the awards amidst a gathering of 500 corporate captains from the construction and infrastructure industry.

CONSTRUCTION WORLD and Foundation of Infrastructure Research Studies Training (FIRST) along with NICMAR in 2002 pioneered the world's first and only statistical model for ranking fastest growing construction companies.

Pratap Vijay Padode, President, FIRST said "The model involves financial results of construction companies for the past 5 years with details on operating revenue, Net profit after tax, Equity capital and Assets. Calculations are further made to observe growth in operating revenue and growth in profits. Both these growth factors are integrated statistically to provide "Weighted Index". The results are put before an expert panel, the members of which are qualified to observe irregularities in the process."

Over the past 5 years the model has been fine-tuned and has defined riders like:

1. Companies must have a capital of over Rs. 10.00 crores.
2. Companies should not have made any losses in the immediate past year.
3. The turnover should be over Rs. 40.00 crores.
4. The company should have been incorporated at least 5 years ago etc.

Pratap Padode further said "The model has been able to spot the emerging trends in this sector. For instance in 2002 it brought to the fore companies like Nagarjuna Constructions, Maytas Infra and Madhucon. Similarly D. S. Kulkarni, which was ranked no. 9 in 2002, emerged No. 2 in 2004. Other discoveries made by these models include Navayuga Engineering, Soma Enterprises, Valecha Engineering, Patel Engineering and Simplex. This is the model's ability to bring to the fore companies, which have a consistent growing track record even though they may not be the largest companies in the sector. This exercise conducted by FIRST & CONSTRUCTION WORLD has encouraged and discovered companies in the sector, which were hitherto shy of revealing their financial figures."

This model has therefore, brought about awareness of corporate governance and the need for transparency. This kind of benchmarking will help the industry achieve balance sheet sizes which are currently a pre-requisite for bidding and pre-qualification process. This model is the only one of its kind in the world.

For Further Details Contact:-
ASAPP Media Information Group
Tel: 022-24193000
E-mail: editor@constructionupdate.com