The subsidiary aims to raise Rs 2,500 crore from its shareholders under its rights issue, which was cleared by the board on March 13
Amit Agrawal, project director, Tata Projects said that 60 percent of the work has been completed for the country's fist semiconductor plant and the rest will be finished by the end of this year
Tata Project's MD and CEO Vinayak Pai said the Budget should also take measures to encourage private capex, which will play an important role in India's economic growth
The company is confident of maintaining profitability after turning EBITDA-positive in FY24. Vinayak Pai, MD & CEO, said that as the company grows in size, it will consider an Initial Public Offering.
Vinayak Pai added that, in the past, Tata Projects was reporting losses due to issues related to COVID and commodity prices, but those roadblocks have been left behind for now.
India needs to put a system in place that encourages accountability at every stage of the design, construction and maintenance of infrastructure projects, Vinayak Pai tells Moneycontrol
Health goal for 2024: To take a break from my work every now and then and devote some time to reflect and ruminate.
The airport will combine Indian culture and hospitality with Swiss technology and efficiency to develop a modern, user-friendly design.
Pai takes over from Vinayak Deshpande who retires after being at the helm for more than 11 years, the infrastructure major said on July 21
With the contract for the Noida airport, Tata Projects beat L&T and Shapoorji Pallonji for its only second airport project after Allahabad.
The MoU with TATA Projects would be done through cooperation and joint ventures in technology, identification of market and joint business development.
On September 16, the Central Public Works Department (CPWD) had opened financial bids for the new Parliament building construction, which is a part of the Central Vista redevelopment project.
"As one of the fastest growing and most admired infrastructure companies in India, we felt the need to use our expertise in executing large and complex urban and industrial infrastructure projects towards augmenting, upgrading the nation's hospital network," Tata Projects Chief Strategy Officer Himanshu Chaturvedi said in a statement.
Of the four orders, three are from state-owned HPCL Rajasthan Refinery Ltd (HRRL) and one from Bharat Petroleum Corporation Ltd (BPCL), the company said in a statement.
The total line length is 78.5 km and Tata Project-TEDA consortium executed the major portion comprising 41.42 km.
The company, one of fastest growing infrastructure companies in the country with an order book of around Rs 50,000 crore currently, hopes to bag another Rs 25,000 crore of contracts in the current financial year, chief operating officer for industrial systems Satyanarayana K said.
The scope of work involves construction of main plant buildings and structures, among others.
"The JV of Tata Projects Limited – China Harbour Engineering Company (TPL-CHEC) today received the LoA (Letter of Award) for the constructing of two packages of the Mumbai Metro Elevated Line 4," the company said in a statement.
The company was contracted for tunnel boring between the 812-meter long Lucknow Secretariat and Hazratganj stations, which the company said completed within five months of commencement.
The company has received bids from firms like Tata Projects, Larsen & Toubro and Siemens among others, MMRC said in a statement issued here.
Nila Infrastructures has received work order from AMC towards construction of D.K. Patel hall at Ahmedabad.
Infrastructure firm Tata Projects today kicked off the Rs 1,676-crore rejuvenation project of the Dravyawati river in Rajasthan.
The company's joint venture with Tata Projects have received three major new orders for design and construction of SewerageSystem with provision of treated wastewater reuse from RUDSICO for 11 cities in Rajasthan for a total value of Rs 1275 crore.
The total value of the contract is around Rs 2830 crore.
Mumbai Metro Rail Corporation (MMRC), which is implementing the project, received bids from companies including L&T, Alstom, Cobra, Tata Projects, Isolux, Bright Power KEI, Siemens, Leena Powertech Engg, Kanohar Electricals and CHUNG-HSIM Electric & Machinery Mfg Corp.