While talking to media persons on November 14, Vinayak Pai, managing director and CEO, Tata Projects, “We have clocked revenues of $2 billion (over Rs 16,800 crore) this year. Our bottom-line growth will be higher than top line growth this year.”
Noel Tata-led Tata Projects, the engineering procurement and construction (EPC) company of Tata Group, is projecting double digit growth in the current financial year. The company is hoping to churn out good revenue from electronics and sustainability.
In FY 2024, the company witnessed a splendid profit at Rs 139 crore on revenues of Rs 17, 247 crore.
While talking to media persons on November 14, Vinayak Pai, managing director and CEO, Tata Projects, “We have clocked revenues of $2 billion (over Rs 16,800 crore) this year. Our bottom-line growth will be higher than top line growth this year.”
On the other hand, rival of Tata Project, L&T is anticipating a growth of 15% in revenues in FY 25.
The CEO highlighted that key growth pillars such as advanced engineering, sustainability, and mobility are well-balanced, with a clear vision for the future. He noted that the sustainability sector has seen 40% growth, driven by areas like green hydrogen, green ammonia, and metro projects. The electronics and semiconductor segment contributes 10-15% of revenue. The company currently has an order book worth ₹40,000 crore, he added.
While highlighting new manufacturing units, he said the company is establishing a semiconductor facility for Tata Electronics in Dolera, Gujarat and a battery manufacturing unit in the same state.
Pai said that green hydrogen, green ammonia are the vital elements for the company’s growth.