Tata Projects

Tata Projects is an Indian engineering, procurement and construction subsidiary of Tata Group.[2]

Tata Projects
TypePrivate company
IndustryEngineering, procurement, and construction (EPC)
Founded1979 (1979)
FounderJehangir Ratanji Dadabhoy Tata (J.R.D.Tata)
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Dr. Praveer Sinha (Chairman), Vinayak Pai (CEO and MD)
RevenueIncrease ₹ 16754.71 crore (2023)[1]
₹ 16832.15 crore (2023)
Total assets₹ 20155.54 crore (2023)
Total equity₹ 2801.36 crore (2023)
Number of employees
5,700+
ParentTata Group
WebsiteOfficial website

History

The company was founded by J. R. D. Tata to create a complete consortium that would take on projects, Division of Tata Sons for engineering procurement and construction projects.[3]

Founded in 1979, the company carries out industrial and urban infrastructure projects.[4]

Operations

Space and nuclear

For the Nuclear Power Corporation of India Limited (NPCIL), Bhabha Atomic Research Centre (BARC), and Indian Space Research Organisation (ISRO), it constructs complicated structures and assists on-site integration services.[5]

Power sector

It supports gas-based combined-cycle power plants and balance of plants on an EPC basis for coal based power plants that are operating at supercritical and subcritical temperatures.[6][7]

Transportation

Its focus areas are airports, niche road projects including expressways and railway infrastructure including mass rapid transit systems and automobile sector.[8]

Urban infrastructure

Tata Projects built New Parliament House, New Delhi, lotus, peacock, and banyan tree are three national emblems that are incorporated into the interior design.[9][10][11][12]

A $321 million order from the Nuclear Power Corporation of India (NPCIL) was given to the corporation, marking its third contract in the nuclear power industry.[13]

The company carries out transport and urban development projects for Mumbai Metropolitan Region Development Authority (MMRDA).[14][8]

Oil and gas

In 2020, The company received orders of Rs 6,000 crore in oil and gas refinery industry from two state-run businesses.[15]

Metals and minerals

Tata Projects operates iron and steel in different countries and it is capable of building beneficiation plants, sinter plants, pellet plants, blast furnaces, casters and rolling mills on an EPC basis.[16][17][18][19]

Water

In 2017, Tata Projects and Watergen of Israel began initiatives that aim to extract drinking water from the atmosphere.[20] In Connaught Place in New Delhi, Watergen installed a GEN-350G pilot where 2,000 people received drinking water from the air each day.[21]

References
  1. "Statement of Standalone Financial Results for the quarter and year ended March 31, 2023 prepared in compliance with the Indian Accounting Standards (Ind AS) All amounts are in ₹ Lakhs unless otherwise stated" (PDF).
  2. "Tata Projects Ltd - Company Profile and News". Bloomberg.com. Bloomberg L.P.
  3. Srivastava, Samar (28 November 2022). "Inside Tata Projects, India's Newest Infra Builder". Forbes India.
  4. Bana, Sarosh (19 October 2020). "The Parliament project pushes Tata Projects higher". Business India.
  5. "Tata Projects bullish on energy segment, eyes Rs 16,000 cr topline this year". cnbctv18.com. CNBC TV18. 14 April 2019.
  6. "Tata Projects bags transmission project in Bangladesh". The Economic Times. 11 November 2021.
  7. Anand, Saurav (22 December 2022). "Tata Projects, CSIR-IIP ink pact for clean energy solutions". Mint.
  8. Rao, Shashank (14 April 2023). "The bridge that will stand tall for 100 years". Hindustan Times.
  9. "Tata to build new India parliament". BBC News. 17 September 2020.
  10. Nath, Damini (29 May 2023). "Parliament building inauguration: On their biggest day, backroom team watches from the last row". The Indian Express.
  11. "5 Facts About New Parliament Building, The Temple Of Democracy". NDTV. 28 May 2023.
  12. "Main structure of new Parliament completed, finishing work in progress: Tata Projects CEO". The Hindu. Press Trust of India. 28 August 2022.
  13. "Tata Projects receives NPCIL order worth $321 mn". The Hindu Businessline. 3 April 2019.
  14. "Reliance Infrastructure, Tata Projects win five packages in Mumbai Metro Line 4". The Financial Express. 14 April 2018.
  15. Pillay, Amritha (23 January 2023). "Tata Projects wins orders worth Rs 6,000 crore from oil and gas sector". Business Standard.
  16. Sanjai, P. R. (7 March 2013). "Tata Projects aims to triple turnover to `10,000 cr". Mint.
  17. "TATA Projects strengthens Africa footprint with orders totaling about USD 323". Asian News International. 13 January 2022.
  18. "Tata Projects unveils new strategy to accelerate growth". Business Standard. 22 January 2013.
  19. "Tata Steel initiates first equipment trial for cold rolling mill, pellet plant projects at Kalinganagar facility". The Times of India. Press Trust of India. 3 March 2022.
  20. "Grundfos signs MoU with TATA Projects for projects in environment, water". Business Standard. Press Trust of India. 10 October 2021.
  21. "Tata Projects, Israel's Watergen to work on projects to extract drinking water from air". The Hindu Businessline. 16 January 2018.
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