MUMBAI, Apr 14: Riding high on the pace of growth
in the oil and gas, nuclear and urban infrastructure sectors,
Tata Projects, a part of the diversified Tata Group, is eyeing
up to Rs 16,000 crore worth of revenue this fiscal.
The company, one of fastest growing infrastructure
companies in the country with an order book of around Rs
50,000 crore currently, hopes to bag another Rs 25,000 crore
of contracts in the current financial year, chief operating
officer for industrial systems Satyanarayana K told PTI here
over the weekend.
He said the company is upbeat about the potential in
the oil and gas sector along with the prospects of nuclear
power projects picking up as thermal projects loses policy
thrust for a litany of reasons including pollution.
The company recently bagged an order worth around USD
321 million from Nuclear Power Corporation to construct the
main plant buildings and structures, among others for a 2×700
mw nuclear plant from Gorakhpur-Haryana Nuclear Power Project.
Besides, the company has also secured contracts for
setting up fast reactor fuel cycle facility at the Kalpakkam,
nuclear fuel facility in Kota and an integrated nuclear
recycle plant at the BARC in Tarapur.
“With the kind of orders that we are bagging in the
nuclear segment, we will continue to focus on this sector.
Also, the dependence on thermal power is going down and there
is a government thrust on renewable energy including nuclear,”
Satyanarayana said.
In the oil and gas segment, he said, the company has
already bagged a contract from ONGC to execute a lumpsum
turnkey monoethylene glycol (MEG) regeneration project.
This sector is growing very fast and is one of our
focus segments.
“We are also catering to the overseas market in this
segment,” he said.
Besides these, Satyanarayana said urban infrastructure
including development of roads, ports, metro rails,
residential and commercial real estate segments are picking
pace, mainly due to government’s thrust and this another
segment the company is focusing on and planning to bag large
contracts.
“We are constructing pre-fabricated/ pre-cast
buildings and high-rises with nearly 4 million sqft
under-construction now, including a Rs 2,000 crore project in
Andhra under the PM’s housing scheme. We are also seeing huge
opportunity in the sewage and water treatment segment. We have
also done the Dravyavati river rejuvenation project in
Rajasthan,” he added.
The company reported nearly Rs 13,000 crore of revenue
for fiscal 2019 and is eyeing up to Rs 16,000 crore revenue
for this fiscal, he said.
When asked whether the company is expecting projects
coming from the private sector, he said, “Currently we have a
combination of both, public as well as private. Like in the
real estate, it is more of private investments, but when it
comes to sectors like infrastructure, nuclear, oil & gas its
more from the central and state sector. In fact our private
sector contracts have come down.”
He further said the focus will be growing in the
domestic market as there is enough potential and so it sees no
reason to run after international markets.
“We will also be very cautious in picking up projects,
mainly large size ones, like the metro projects as well as the
prestigious Mumbai Trans Harbour Link or the over Rs 11,740
crore BDD Chawl re-development project, mainly to keep up with
the brand ‘Tata’ and showcase our expertise and excellence in
the works that we do,” he added. (PTI)