Tata Projects, the engineering, procurement, and construction (EPC) division of the Tata group, is predicting double-digit growth in the current fiscal year by placing bets on sustainability and electronics.
With FY24 revenues of Rs 17,247 crore, the company made Rs 139 crore in profits last year. In FY25, its competitor L&T anticipates a 15% increase in revenue.
“This year, we generated $2 billion in income, which is more than Rs 16,800 crore. In an interview with Mumbai media on Thursday, Vinayak Pai, managing director and CEO of Tata Projects, stated, “This year, our bottom-line growth will surpass our top-line growth.”
According to Pai, the company’s main growth pillars are mobility, sustainability, and sophisticated engineering. The sustainability sector, which comprises green ammonia, green hydrogen, metros, and other products, accounts for about 40% of total income. Semi-conductors and electronics account for between 10% and 15% of total sales. The corporation has 40,000 crore rupees in its order book.
“We can see that the semiconductor and electronics industries are expanding. As a result, manufacturing and services are well-balanced,” he stated. In Dolera, Gujarat, Tata Projects is constructing a semiconductor factory for Tata Electronics as well as a battery production facility.
Pai went on to say that green ammonia, green hydrogen, and pumped storage projects are important parts of the company’s expansion.
“The firm’s share of government orders has decreased from 80% to 50% and may continue to decline,” he said. “Airports and metro projects are more linear and predictable,” he stated, adding that they are working on metro projects in places like Pune, Chennai, and Indore. He stated that the business will maintain a 10–15% percentage of orders from overseas.
