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.