Pai says shape of future construction is through frontline skill development
Tata Projects’ strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results, with significantly increased focus on digital project delivery with the intent to drive industry leading efficiencies and innovation.
“I feel proud to announce that we have returned to profitability, and we are moving forward on our path to deliver predictable & sustainable projects through innovation & technology https://www.conexpoconagg.com/ .”
MD & CEO Vinayak Pai elaborated, “Our commitment to diversity and inclusion (D&I) shines through in the makeup of our leadership team, a testament to our industry’s focus on leading D&I. We are also excited about our program to shape the future of construction https://ted.europa.eu/en/ , through our frontline skill development program.”
Pai continued:
Strategy & Growth: The company has strategically continued with the pursuit of selective bidding in preferred sectors, driving profitable growth, focusing on complex projects, and capitalizing on favourable market conditions.
“Our strategic focus on customer delight by delivering predictable and sustainable projects through innovation & technology places Tata Projects in a leading position to capture emerging opportunities and expand the market footprint.”
Driving Technology & Innovation https://www.meity.gov.in/ : To build a strong IT core, we migrated to SAP ERP during the year; With an implementation period of 9 months, this is possibly one of the fastest roll out in the EPC sector. During the year, we also entered several technology partnerships to provide bespoke and cutting-edge solutions to our customers. These partnerships would also enable Tata Projects to provide drive sustainability into construction and reduce the carbon footprint of its projects.
Building the New India https://www.meed.com/latest/tenders : Our project wins during the year, including the Micron Semiconductor unit in Gujarat, Chennai Metro Line and the Tata Power Solar plant in Tamil Nadu re-emphasizes our commitment to technological advancement in building the new India. These projects, along with several others like Noida International Airport, with their complexity and tight project delivery schedules are a testimony to the trust placed by our customers in our ability to deliver integrated projects predictably within cost and time.
Notable achievements during the year FY24 were landmark projects completed and successfully handed over, including the New Parliament Building, Atal Setu (MTHL), solar manufacturing plant for First Solar Inc, several hundred kilometres of Dedicated Freight Corridor, and Trisonic Wind Tunnel for ISRO. With these projects, Tata Projects continue to shape the skyline of New India.
Total income for the year ended 31 Mar 2024 was Rs.17,59,605.22 lakhs, up from Rs.16,83,215.09 lakhs a year ago. Profit for the year was Rs.13,563.07 lakhs, against a loss of Rs.99,592.85 lakhs. Fiinews.com
