Tata Projects bullish on oil, gas, nuclear segments, eyes Rs 16,000 cr topline this year


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


“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)