कोशिश गोल्ड - मुक्त
Tata Projects Bets On Faster Build Time After FY25 Losses
Mint Mumbai
|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.
यह कहानी Mint Mumbai के May 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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