Reliance Infrastructure inducts executives in top-level positions

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Source:  www.indiatimes.com

BANGALORE: Anil Dhirubhai Ambani promoted Reliance Infrastructure is revamping its senior management team, inducting 16 new faces in top-level positions across functions over the last two months.

The Rs 84,000-crore infrastructure company has appointed Anil P Gupta, an industry veteran as the president and head, infrastructure. Gupta will lead business strategy, growth plans and project execution. He was earlier president and country head of Honeywell International India and has worked with GE , ABB and NTPC.

The company has also appointed Neeraj Jain as senior vice-president to head the Mumbai metro line-II project. The former Indian Railways executive brings with him over 30 years of experience. He was also instrumental in the execution of the Kolkata Metro extension.

Virendra Joshi is being inducted as head of finance for the Mumbai metro project. The company is currently developing three metro rail projects in Mumbai and Delhi with a total stretch of 66 km and a project outlay of around Rs 16,000 crore. Andrew Thomas from London Underground Railways has joined as chief operating officer for the Delhi Airport Express Metro to look after its operations.

Reliance did not comment on the appointments. The company, which started out as a power distributor in Mumbai, India’s financial capital, has looked to transform itself into a complete infrastructure player. Its portfolio includes 11 road projects, three metro rail lines in Mumbai and Delhi, and five transmission line projects.

To spearhead the road business, the company had appointed Jayanta Dixit as senior vice-president. Reliance is the largest concessionaire of NHAI projects with a market share of 8% and has 1,000 km road portfolio under execution. Dixit, who has worked with the National Highways Authority of India and Nuclear Power Corporation of India , will be overseeing the execution of 16 road projects, expected to be complete by fiscal year 2012.

The company recently won road projects such as the six-laning of Delhi-Agra (UP) and Hosur-Krishnagiri (Tamil Nadu) highways, totaling 240 km. R-Infra has been awarded the contract for building the second phase of Sealink, connecting Worli-Haji Ali. Reliance, which earned revenue of Rs 1 billion from its road business last year, expects this to jump to Rs 10 billion in the current fiscal year, as 10 of its 11 road projects will start generating revenue.

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