Essar Projects was recognized as one of 'India’s Most Admired Companies' by Construction World (CW) magazine at an awards function held in New York on September 16, 2011.
Projects was chosen based on its track record of impressive growth over the last five years, which has seen its revenues increase eight-fold, and PAT (profit after tax) increase 18-fold in 2005-11.
Madhu Vuppuluri, President & CEO-Essar Americas, received the award for Essar from Senator Larry Pressler. The awards ceremony was part of a two-day international conference on Infrastructure Today India Opportunity 2011 held at the Consulate of India in New York.
Projects was earlier voted to the CW 2011 list of top 10 Most Admired Companies in India by a jury of industry professionals. The voting criteria included performance, scale of projects, corporate governance, best business practices, and social responsibility.