Adani legal head goes to HCC

0
103

Badrinath Durvasula has joined Hindustan Construction Company (HCC) as its vice president and general counsel, saying the role will allow him to engage with public officials on issues of national importance.

“[The role] gives an opportunity to interact with authorities in the public domain to resolve issues for the future of the nation,” said Durvasula who was previously the senior vice president at Adani Group.

Badrinath-Durvasula-Adani-legal-head-goes-to-HCC
Badrinath Durvasula

“Regulators and bureaucrats may come and go, but the path set for emerging India should stay robust. If I can be a part of that process, my move is justified.” He added that the country was on the verge of a huge infrastructure push.

The role, Durvasula told India Business Law Journal, would involve “challenging propositions in the area of contracts, arbitration and litigation. At HCC, the contracts and legal teams have a substantial number of top-end professionals, being a mature organization.”

The new role allows Durvasula to move back from Adani’s Ahmedabad location to Mumbai to be closer to his family.

In the past, Durvasula held senior in-house positions at a number of companies including Larsen & Toubro, Binani Industries, United Phosphorus, Great Offshore, Reliance Industries and Asian Paints.

HCC’s businesses span the sectors of engineering and construction, real estate, infrastructure, urban development and management. The company has a team of 12 lawyers who specialize in different areas including contracts, litigation and arbitration, although the numbers keep varying depending on the work required, says Durvasula.

“HCC has a history of 90 years behind it in nation building in the realm of infrastructure,” says Durvasula. “It has executed excellent projects in the nuclear and hydropower sectors, highways and railways, and has many an iconic structure to its credit.

“The Indian construction sector and its associated financial sector are going through stressed times. Although the policy initiatives are robust … the pace of translating objectives into action is slow. It is here that the legal fraternity should integrate. The responsibility of in-house counsel to partner with external lawyers and senior counsel is immense given that legislation of substantive consequences is in the pipeline.”

Durvasula said he had observed many proceedings across courts and his faith in the legal community was as firm as ever.