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Tata Projects Bets On Faster Build Time After FY25 Losses
Mint Chennai
|May 21, 2025
Firm exits delayed mega projects, focuses on short-term, high-margin industrial, infra work
Tata Projects, Tata Group's engineering and construction arm, built itself a reputation with high-profile projects including India's new Parliament building, the Mumbai trans harbour link, and the upcoming Noida airport. But it burnt its fingers over project delays and cost overruns and is now convinced it should focus on shorter-duration projects to return to profitability.
In 2024-25, Tata Projects swung to a consolidated net loss of Rs 696.57 crore from a consolidated net profit of Rs 81.97 crore in FY24, while revenue declined 1.63% to Rs 17,470.59 crore. In FY26, however, the company expects to be back in the black with double-digit revenue growth with work on its large projects almost over.
"The game for Tata Projects would now be short-duration and fast-track projects that could be executed in a 12-24 month period," said Vinayak Pai, managing director and chief executive of Tata Projects, in an exclusive interview with Mint.
Esta historia es de la edición May 21, 2025 de Mint Chennai.
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