READY TO RISE AGAIN

Tata Projects is gearing up for its next phase of transformation by leaning on core strengths, fresh sector bets and digitisation. A look at its growth playbook

- By ASHISH SINHA

AFTER A period of deliberate consolidation and operational reset, Tata Projects is preparing to accelerate growth. FY25, in the company's own assessment, was a year of realignment—where old challenges were addressed, bidding was made smarter, and the foundation for future profitability was laid. One of India's key infrastructure and Engineering, Procurement & Construction (EPC) companies, Tata Projects is now shifting gears with a sharper focus on high-growth sectors like clean energy, semiconductors, data centres and transportation.

Much of this transition stems from an internal restructuring exercise named Project Phoenix, launched in FY23. As Vinayak Pai, Managing Director and CEO puts it, the company took a hard look at its order book, project execution model, and engagement strategies. “FY25 was a year of consolidation and focused execution,” he says. “We realigned how we operate—right from how we assess orders to how we deliver—and the results are beginning to show.”

In tangible terms, the company saw a nearly 40 per cent increase in new order bookings, with much better margin profiles and more balanced contract terms. “These are not just numbers,” says Pai. “They reflect the impact of our revamped approach. Our mix of low-risk contracts is at an all-time high.”

A big part of the cleanup involved delivering legacy projects that had been weighing down financial performance. “These projects are nearing completion. It’s a significant milestone,” he adds. With the heavy lifting largely behind, Tata Projects is now primed for a more sustainable, scalable and profitable phase of growth.

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