New Delhi, October 6, 2016: Essel Infraprojects Ltd (EIL) has been awarded the Michael Porter - IFC Strategy Award in the Utilities’ category. Mr L N Agrawal, President, Green Energy & Power Transmission and Mr Vishal Sharma, Head, Brand & Corporate Communication received the award on behalf of EIL from Mr Jayant Sinha, Minister of State for Civil Aviation, at a function held in Gurgaon on September 30, 2016. The award comes in recognition of the strategic role EIL has played in shaping the industry, thus creating a unique positioning and altering the basis of competition in the Utilities category
CEO Ashok Agarwal, Essel Infraprojects Limited said, “It gives us immense pride to be honoured with the prestigious Michael Porter – IFC Mint Strategy Award.This award is a testimony to our innovative business practices and our efforts towards transforming the value chain. We are relentlessly decoding smarter methods to transform our vision of inclusive and sustainability smart cities into real development by innovative business models, use of technology and new value chains”
Porter Prize is a prestigious award conferred by the Institute for Competitiveness, which is headed by the renowned economist, researcher, author, advisor and speaker Mr Michael E. Porter. The award recognizes corporates who are changing the face of the industry though innovation and strategy management.
EIL has recently been recognized and awarded by various prestigious industry bodies like Smart City Council of India, World CSR Congress, Golden Peacock Awards and IAMAI etc. for its innovative solutions, use of new technologies and excellence in projects.
About Essel Group
The Essel Group is among India's most prominent business houses with a diverse portfolio of assets in media, packaging, entertainment, technology-enabled services, infrastructure development and education.
The Group started business in 1926 with a modest commodity trading firm. Today, Essel Group of Companies is a vast conglomerate of Media, Technology, Entertainment, Packaging, Infrastructure, Education, Healthy Lifestyle & Wellness, Financial Services and Precious Metals with worldwide operations and a workforce of over 10,000 dedicated employees.
About Essel Infraprojects:
Essel Infraprojects Ltd (EIL) is the infrastructure arm of the Essel group, a 90 year old diversified conglomerate led by Dr Subhash Chandra. EIL is one of the fastest growing companies having diversified interests in infrastructure projects with 3 SBUs & 6 business verticals comprising of an order book value of USD 4.7 billion and a national footprint of more than 17 states and across 95 cities.
The Essel group ventured in infrastructure space in 2007 with an entry into the surface transport segment and today has presence in 3 strategic business units that includes Core Infra (Roads, Airport , Railways & Urban Development), Green Energy & Power Transmission (Solar, Hydro, Wind Energy and Power Transmission) and Smart Utilities (Utility Distribution and Environment). With its varied portfolio of projects and expertise across the infrastructure domain, EIL is India’s first and only Integrated Smart City Developer. The company aims to fulfil the smart city dream of India by creating integrated, inclusive & sustainable cities of tomorrow with green at its core focusing on transforming the quality of life of citizens.
EIL has been widely recognized and awarded by various prestigious industry bodies like Smart City Council of India, World CSR Congress, Golden Peacock Awards and IAMAI etc. for its innovative solutions, use of new technologies and excellence in projects