Vinayak Pai, MD & CEO, Tata Projects, is trying not to be a shy man any more. Meeting a host of media persons for the first time (I think so), he opened up about the company’s ambitious plans while gently revealing ideas about what the country’s authorities can do to hasten the infrastructure building.
The company turned into profits last year at Rs 139 crore on revenues of Rs 17,247 crore in FY24. “This year, we clocked revenues of $2 billion (over Rs 16,800 crore) this year. We expect our bottom-line growth to be higher than our top-line growth this year,” he said.
The company has a total order book of over Rs 40,000 crore. The company responsible for constructing the new Parliament building in New Delhi reported a significant increase in orders during FY24, reaching a total of Rs 10,331 crore.
Advanced engineering, sustainability, and mobility are identified as growth pillars, according to Pai. The company sees 40% of its revenue generated from the sustainability sector, which involves green hydrogen, green ammonia, and metros. Electronics and semiconductors account for approximately 10-15% of the company’s revenue.
Pai expects to continue to focus on domestic orders – mainly from the government and private sector.
