Partnership poised to benefit from revival of Indian investment cycle
27 July 2015, Mumbai, Hyderabad & Singapore: The Tata Opportunities Fund (TOF), the flagship private equity fund advised by Tata Capital, today announced an investment of INR 335 Crore (~USD 55 million) in Tata Projects Limited (TPL), an Engineering, Procurement and Construction (EPC) services company of the Tata group.
Headquartered in Hyderabad, with INR 3,444 Crore (~USD 550 million) in revenue in FY14-15, PBDIT of INR 295 Crore (~USD 44 million), and an order book of over INR 16,000 Crore (~USD 2.6 billion), Tata Projects is one of India’s fastest growing EPC companies.
Commit to bring World Class Buildings Construction Technology
Mumbai, 23rd April 2015: TATA Projects Limited, one of India’s fastest growing infrastructure companies, has announced a strategic partnership with leading global construction company Brookfield Multiplex to deliver a range of commercial & retail, residential, healthcare and tourism & leisure projects across India.
Brookfield Multiplex is an Australian headquartered company credited with changing the skyline of Sydney and has to its credit iconic buildings in Middle East and Europe. It has executed over 900 projects worth US$ 61billion. While Tata Projects is a leading player in Infrastructure construction, with a current order book of over INR 14,000 Crore. The company has secured fresh orders in 2014-15 worth about INR 8,000 crores. The company has entered Urban Infrastructure market in 2014-15 and has secured business worth about INR 2,000 Crores in the first year of commencement .
Tata Projects and Brookfield Multiplex are committed to introduce global construction expertise to the Indian market, based on Brookfield’s significant experience gained in delivering complex and high-rise buildings across Australasia, the Middle East, Europe and Canada. Tata Projects shall execute the projects in India leveraging its expertise, organizational strength and is commitment to `On-time delivery’. The partnership promises state of the art construction technology, world class design capability, safe and high speed construction delivery to complete projects on or before time.
On the occasion - Mr. Vinayak Deshpande, Managing Director – TATA Projects Limited, said, “We are delighted to work with Brookfield Multiplex to execute large `Urban Building’ projects, using world class construction practices and efficient work systems. Our existing construction domain shall see a quantum shift especially in the way we construct `high rise’ buildings in faster time span.”
“Brookfield Multiplex is excited to form a strategic partnership with Tata Projects, the two companies share many synergies for a positive long term association. We are committed to introducing world-class sustainable working practices to the Indian building construction market,” said Glenn Raphael, Brookfield Multiplex Managing Director, India.
Within a short period, the partnership already has several substantial projects underway together including a healthcare project in Kolkata, five commercial office SEZ’s under a construction management arrangement in NOIDA , Gurgaon and Kolkata plus a five tower residential project in Bangalore.
Muscat, June 09, 2015: Al Siraj Holdings, a progressive business group in the Sultanate of Oman with diversified business interests, and Tata Projects, one of India’s most admired infrastructure company, have signed a joint venture (JV) agreement to offer quality inspection services in Oman.
The JV will also provide `expediting services’ in addition to `quality inspection services’ for oil & gas, power and infrastructure sectors. Tata Projects – Quality Services SBU (TPL-QS) has the experience of working in 40 countries. With presence in UAE, Germany, China, Korea, South Africa and Mauritius, the company is well positioned to service global customers for second and third-party Inspection, expediting and field quality services.
Al Siraj Holdings is one of the most reputed enterprises in Oman, playing a key role in the Arabian Gulf economy. It has interests in investments, building management systems, information technology services, construction & related services, energy, education, travel and tourism, real estate & logistics and manufacturing.
Speaking on the occasion, Budoor Mohamed Rashid Al Araimi, chairperson of Al Siraj Holdings, said: “As a technology savvy and entrepreneurial corporate house we have been at the forefront of introducing new methods and world-class practices to Oman. This joint venture with Tata Projects will enhance our service offerings and would help raise quality compliance standards across various industrial sectors in Oman.”
Mr.Vinayak Deshpande, Managing Director of Tata Projects, said, “We are happy to partner with Al Siraj Holdings and provide our quality services expertise for their growing needs in Oman. This JV could pave the way for larger co-operation in industrial infrastructure sector among the two companies.”
Tata Projects won the ‘Project Awards & ‘Exemplary project ‘category’ award at the 'Dun and Bradstreet Infra Awards 2014. Its 2X800MW Krishnapatnam Power Project & 765 kV HVDC ‘Simhapuri- Nellore – Kurnool Power Transmission Line’ projects were adjudged winners in the two categories.
The awards were received by Mr. Vivek Singhal (Head Urban Infrastructure), Mr. Abhik Pal (Assistant Vice President – Transmission & Distribution) and Mr. Alak Shovan Bhattacharyya (Assistant Vice President - Projects, Power Generation ) on behalf of Tata Projects Limited from Mr. Shankar Aggarwal – Secretary, Ministry of Urban Development, Govt. of India & Mr. Kaushal Sampat, President & CEO D&B.
EPC World in association with Ernst & Young conferred Tata Projects the ‘Outstanding Contribution in Power T&D (EPC Category)’ award for its ‘Simhapuri- Nellore – Kurnool Power Transmission Line’. It is the longest 765 kV HVDC line (304 Km), comprising of approximately 54,000 MT of tower parts and 11,000 Km of conductor length, which is almost equal to the circumference of the moon.
The award was given by Hon State Minister of Steel & Mines Govt. of India Mr. Vishnu Deo Sai along with State Minister of Railways GOI Mr Manoj Sinha in the presence of many MPs including Aviation minister Mr. Mahesh Sharma, Mr Dinesh Gandhi and Ms Meenakshi Lekhi. The award received by Mr Vivek Gautam, BU Head T&D on behalf of Tata Projects.
At the recently held Construction World Awards ceremony in Delhi, Tata Projects was awarded the one of the ten most admired Construction Companies in India. The company also bagged the 3rd fastest construction company in India award at the same event. About 100 + construction companies were jostling for the award, out of which 10 were declared as winners by an eminent jury consisting of eminent bureaucrats and industry experts, based on a stringent criteria taking into account projects won + financial performance + market share.
Construction Week in association with United Technologies awarded Tata Projects the “Infrastructure Company of the Year” and “Water Project of the Year" (Fire Water Network, Uran) awards for 2014.
Tata Projects won the “Industrial Infrastructure Project of the year award” at the 'Dun and Bradstreet Infra Awards 2013' . Its project – Rourkela Steel Plant blast furnace, which is the largest `Blast Furnace’ in India was adjudged the best in this category for 2013. This project was selected by an independent jury comprising of Mr. Amitabh Kant, CEO & MD Delhi Mumbai Industrial Corridor, Mr. N. Salecha, Joint Secretary Govt of India, Ministry of Urban Development and Professor Ashok Gupta, Dean `Infrastructure’ at IIT Delhi.
The award was received by Mr. Manzoor Ameen (Chief Strategy Officer ) on behalf of Tata Projects Limited from Mr. N. Salecha, Joint Secretary (Govt of India) & Mr. Kaushal Sampat, President & CEO D&B.
On this occasion D&B also released its annual, much sought out publication - `India’s Leading Infrastructure Companies 2013’. Tata Projects Limited has featured in the same too.
EPC World in association with Ernst & Young awarded Tata Projects the "Outstanding Performance in Specialised Projects" award for its Rourkela Steel plant - Blast Furnace. It's currently the largest 'Blast furnace' in India.
At the recently concluded `Construction World – India Construction Festival’ held at New Delhi - Tata Projects won the prestigious “India’s Most Admired Construction Company Award”
About 200 construction companies were jostling for the award, out of which 10 were declared as winners by an eminent jury consisting of eminent bureaucrats and industry experts, based on a stringent criteria taking into account projects won + financial performance + market share.
Mumbai March 7, 2013: Tata Projects Limited, one of India's fastest growing and most admired Infrastructure companies today announced, that it has commenced work on the Eastern Dedicated Freight Corridor project which the company has recently won in partnership with Aldesa of Spain.
This is the first major contract awarded for the Eastern DFCC through an international competitive bidding process and involves construction of a 337 kilometers double track line, and 14 KMs of single line - between Bhaupur and Khurja in Uttar Pradesh. The World Bank has sanctioned $975 million for this complete project. This will be a Design-Build Lump sum contract and will be executed within a time frame of 4 years.
The Dedicated Freight Corridor is an ambitious programme of the Ministry of Railways, Government of India, which involves construction of two corridors which are the eastern corridor from Ludhiana to Dankuni covering a length of 1,839 kilometers and the western corridor from Dadri to Jawaharlal Nehru Port, Mumbai covering 1,499 kilometers for promoting a seamless movement of rail freight traffic. The Dedicated Freight Corridor has been designed for 32.5 ton axle load as compared to the current carriage tracks of 22.5 ton axle load which is at par with the standard in America, Russia and China. Dedicated freight network is a key infrastructure project for Indian railways as it will segregate the passenger network from freight network. The corridor will also increase the speed of freight trains upto 100 Kilometers per hour.
Tata Projects will leverage its execution expertise and uncompromising standards of quality and Aldesa will provide its technical expertise of mechanical track laying for high speed trains to create a world class freight corridor that will significantly reduce goods transit time and help grow the economy.
On this occasion Mr. Vinayak Deshpande, Managing Director – Tata Projects Limited, said, "We are delighted to commence work on this prestigious project. Tata Projects with its technological capabilities and execution excellence is best suited to deliver this project at par with Global standards. Award of this contract is testimony to our capability in this area. This project is an important milestone towards modernization of India's railways freight transportation and we at Tata Projects look forward to pioneer new initiatives that contribute to the development of India and accelerated growth."
Tata Projects Limited has a dedicated business unit for Railways and significant expertise in this area. Some of the important projects the company has executed include:
Apart from the above Tata Projects has executed major work in formation, major & minor bridges & track work of gauge conversion of 122 KMs of Meter Gauge to Broad gauge between Villipuram to Malayaduturai.
Hyderabad, May 3, 2012: Tata Projects Limited-QS, the Quality Services of Tata Projects Limited, was empanelled by the Ministry of Rural Development (MoRD), Government of India, as an Independent Engineer on May 3, 2012. Tata Projects Limited can submit proposals for Provision of Urban Amenities in Rural Areas (PUARA) initiatives.
The broad scope of work for these projects includes review of drawings and documents; review, inspection and monitoring of construction works; review, inspection and monitoring of operations and maintenance of project facilities; and assistance in dispute resolution.
Tata Projects Limited-QS will serve the MoRD as an Independent Engineer for four years.
Hyderabad, January 10, 2012: Tata Projects Limited received the Construction Company of the Year Award from the EPC World, a renowned magazine for Infrastructure, Construction and Realty sector, at a recently held ceremony in Bangalore.
Mr. AK Sharma, Executive Vice President and Head, SBU Power Generation, received the award on behalf of Tata Projects from Mr. KJ Alphons, former Commissioner, Delhi Development Authority, Prof. MN Sreehari, advisor to the Government of Karnataka for Infrastructure, and Mr. Tejasvi Sharma, MD and Editor-in-Chief, EPC World Media Group.
The Award was presented to Tata Projects in recognition of its qualitative, quantitative performance, innovation and strategic initiatives during 2011. The award presentation ceremony was attended by several distinguished leaders from the infrastructure sector.
Hyderabad, December 22, 2011:Tata Projects Limited(SBU - Oil, Gas & Hydrocarbon) received an order from Cairn Energy for the Engineering, Procurement and Construction of Well Pad Development Works at Aishwaria Oil Fields, Barmer in Rajasthan. The order value is approximately Rs.220 crore and its completion time is 16 months..
Hyderabad, December 21, 2011: Tata Projects Limited (SBU - Water & Waste Water) bagged an order from Tata Steel for the design, engineering, supply, erection, testing, commissioning and demonstration of performance tests, including civil and structural steel works for its Kalinganagar Project in Odisha. The order value is approximately Rs.198 crore and its completion time is 18 months.
Hyderabad, December 14, 2011: Tata Projects Limited (SBU - Transmission & Distribution) bagged the largest ever Transmission Line contract from the Power Grid Corporation of India Limited (PGCIL), a Navaratna Public Sector Enterprise and one of the largest transmission utilities in the world, for the supply and construction of (i) a 303 km-long 765 kV Double Circuit Transmission Line from Nellore Pooling Station to Kurnool for Common System, which will transmit the power generated from Simhapuri, Meenakshi, Krishnapatnam (APPDCL) and Krishnapatnam (Navayuga) Power Generation Projects and (ii) a 12 km-long LILO of 400 kV Double Circuit (Quad) Simhapuri to Nellore Transmission Line at Nellore Pooling Station in Krishnapatnam area, Andhra Pradesh. The total order value is approximately Rs. 625 crore and completion time is 32 months.
The Company also received a Transmission Line (TL) contract from the Power Grid Corporation of India Limited (PGCIL) for the supply and construction of the 64 km-long 400 kV double circuit TL from Dulhasti to Kishenpur in Jammu and Kashmir. The order value is approximately Rs.152 crore.
Hyderabad, October 10, 2011: Tata Projects Limited (SBU – OGH) received an order from Oil and Natural Gas Corporation (ONGC) for the construction of fire water network for its Uran Plant on a turnkey basis. The value of the order is approximately Rs.120 crore and its completion time is 24 months.
Hyderabad, November 4, 2011: Mr. Vinayak Deshpande, Managing Director, Tata Projects Limited, received an award on behalf of Tata Projects for being ranked the Fastest Growing Construction Company in India in 2010-11, from the former Minister of State for External Affairs, Mr. Sashi Tharoor, at a glittering and well attended ceremony held recently in Mumbai.
The event, a much awaited annual extravaganza in the infrastructure world, was organized by Construction World, the largest circulated construction business magazine with editions in India and Gulf.
The Company was also received an Award for being rated amongst the Top 10 Most Admired Construction Companies for the fifth year in succession – 2007, 2008, 2009, 2010 and 2011, based on a survey conducted amongst industry professionals who rated Companies on transparency, sharing prosperity with employees, corporate governance, delight of customers, good corporate citizenship and EVA amongst others.
Hyderabad, October 17, 2011: Tata Projects Limited, one of the leading Engineering, Procurement and Construction Companies in India, received the 'D&B-Axis Bank Infra Award 2011' from Dun & Bradstreet (D&B) and Axis Bank on October 17, 2011, at Mumbai.
The award was presented to Tata Projects Limited for its exemplary performance during the execution of a Captive Thermal Power Plant, Udaipur, which was selected as the best project under the category of `Power Plants'.
Mr. AK Sharma, Head of SBU Power Generation, received the award on behalf of Tata Projects from Mr. SS Kohli, former Chairman & Managing Director, India Infrastructure Finance Company Ltd. and Mr. Kaushal Sampat, President & CEO, India D&B, at a glittering ceremony attended by leading infrastructure companies. Mr. Kishan Lal, RCM, Zawar and Mr. Abhinav Kapoor from Corporate Affairs were also present at the ceremony.
Hyderabad, October 11, 2011: Tata Projects Limited, the Infrastructure Engineering and Construction arm of the Tata Group, and Balfour Beatty plc's newly-formed Indian subsidiary, Balfour Beatty India Pvt Ltd, today signed a memorandum of understanding (MoU) at a function in Mumbai to collaborate on emerging infrastructure opportunities. The MoU paves the way for the two companies to jointly identify and pursue infrastructure opportunities in India and sub Saharan Africa with initial focus on power generation, transmission, railways, mining, and water and waste water segments.
Expressing his happiness at this important strategic tie-up with a respected group like Balfour Beatty for expanding business operations particularly in global markets like Africa, Mr. Prasad R Menon , Director , Tata Industries and Tata Projects Limited, commented that it would fast-track Tata Projects' journey to emerge as India's leading Engineering Procurement and Construction player. He stated that the Tata Group would look forward to synergetic collaboration with Balfour Beatty in more diverse fields in the years to come.
Balfour Beatty Chief Executive, Ian Tyler, commented: "This agreement with Tata, one of the largest and most respected companies in India, aligns us with a company with similar core values, enabling us to develop a long-term sustainable business in these markets. We already have an active presence in India through our professional services division Parsons Brinckerhoff, and through our co-operation with Tata, we see opportunities to develop substantial business in the expanding infrastructure markets in both India and Africa. This initiative is in line with our broader strategy to develop our business in the high-growth emerging markets and is a good example of how we can leverage our wide-ranging service capabilities and global presence to play a significant role in delivering infrastructure solutions in growing regions."
The event was attended by Mr. Vinayak Deshpande, Managing Director (MD), Tata Projects Limited, Mr. Anil Sardana, MD, Tata Power, Mr. Sanjay Ubale, MD, Tata Reality and other senior directors and executives of companies of both the Groups.
Hyderabad, July 20, 2011: The Quality Services Division of Tata Projects Limited recently entered into a Memorandum of Understanding (MoU) with Spea, an international Consulting and Engineering Company based in Milan, Italy fully owned by Autostrade per l'Italia Group, the second largest highways / motorway operator in the world. This MoU will build competencies of the SBU-Quality Services in operating as an Independent Engineer in Highways sector in India.
Mr. Vinayak Deshpande, Managing Director, Tata Projects Limited, Mr. Antonino Galatà, Managing Director, Spea, complemented both the companies and wished the venture all success. Mr. AK Misra, ED & COO, Tata Projects Limited, Mr. KK Gupta, VP & Business Head, SBU-Quality Services, Mr. A. Venkateshwar, VP, Corporate Affairs, and others were also present at the event, which was held on July 20, 2011 at Tata Projects' Corporate Office, Hyderabad.
Hyderabad, July 1, 2011: Mr. Vinayak Deshpande took charge as the Managing Director of Tata Projects Limited, Hyderabad with effect from 1st July 2011.
A graduate in Chemical Engineering (1980) from IIT, Kharagpur, he has over 30 years of work experience in different roles in diverse industries, starting with the design and sales of Boilers and Captive Power Plants in Thermax and Industrial Automation and Process Controls in Tata Honeywell, of which he was the MD of its India business for 5 years till 2004-05. After an eventful stint as the Executive President (Operations) of Tata Teleservices, Mr. Vinayak moved to Hindustan Construction Company Limited in 2008-09 as its President in-charge of EPC and construction business.
Mr. Vinayak is joining Tata Projects at a time when opportunities in the engineering and infrastructure space are growing rapidly and the Company looks forward to achieving all round excellence under his leadership.
Hyderabad, June 6, 2011: Tata Projects Limited (SBU Water and Waste Water) received an order from Visa Power Limited (VPL) for the supply of plants, equipment, erection, testing and commissioning, including all civil works for Intake water package for 2 units (1x600 MW and 1x660 MW) of coal based Super Thermal Power Project at Deveri village in Dumarpalli district in the State of Chhattisgarh. The order value is approximately Rs.130 crore and its duration is 12 months from the date of award.
Hyderabad, April 30, 2011: Tata Projects Limited in consortium with Danieli Corus bagged a prestigious order from National Mineral Development Corporation (NMDC) for engineering, supply of plant, equipment, civil, structural work, erection and commissioning of 1x4500 Cum Blast Furnace Complex (Pkg-05) of 3 MTPA Integrated Steel Plant at Nagarnar, in the State of Chhattisgarh, on divisible Turnkey Basis. This is the largest Blast Furnace proposed to be constructed so far in India. The order value is approximately Rs.1200 crore and duration of the order is 33 months from the date of award.
Hyderabad, April 29, 2011: Tata Projects Limited-TQ Services, a division of Tata Projects Limited that provides Quality Inspection and Accreditation Services, became the first private sector agency in the country to provide accreditation services to warehouses. An agency approved by the Quality Council of India and the Warehousing Development and Regulatory Authority (WDRA), it has already received 35 applications from warehouses for certification. WDRA was set up pursuant to the Warehousing (Development and Regulation) Act passed in 2007 by the Government of India in its broader efforts to stave off the problem of hunger and develop a vibrant warehousing sector in the country.
Hyderabad, February 11, 2011: Tata Projects Limited (SBU - Transmission & Distribution) received an order from POWERGRID, a Navaratna Public Sector Enterprise and one of the largest transmission utilities in the world, for the supply and construction of 765 kV single circuit Chamradol – Satna section of Vindhyachal Pooling - Satna Ckt-I, Part-II Transmission Line package associated with Rihand-III and Vindhyachal-IV super thermal power projects in Madhya Pradesh. The order value is approximately Rs.170 crore and the duration of contract is 21 months.
Hyderabad, January 18, 2011: Tata Projects Limited (SBU - Transmission & Distribution) received an order from POWERGRID, a Navaratna Public Sector Enterprise and one of the largest transmission utilities in the world, for supply and construction of 76 km-long of 765 kV D/C Transmission Line from Jharsuguda Pooling Station to Dharamjaygarh and 765 kV S/C LILO of Ranchi-WR Pooling near Sipat. The order value is approximately Rs.170 crore and is required to be completed in 29 months. The project is located mainly in Chattisgarh and partly in Orissa.
Hyderabad, January 17, 2011: Tata Projects Limited (SBU Metals & Minerals) received an order from National Mineral Development Corporation (NMDC) for design, engineering, manufacture, supply of all plant equipment, including technological structure, refractory, civil, structural work, erection, testing, commissioning and demonstration of performance guarantee parameters of a 1.2 MTPA capacity pellet plant complete with all auxiliary system, construction of water, power and ancillary buildings at Donimalai in Karnataka. The order value is approximately Rs.180 crore and is to be completed in 18 months.
Hyderabad, January 13, 2011: Tata Projects Limited (SBU - Transmission & Distribution) received an order from POWERGRID, a Navaratna Public Sector Enterprise and one of the largest transmission utilities in the world, for the supply and construction of the 83-km long 765 kV D/C Transmission Line (T/L) from Raigarh Pooling Station, near Kotra, to Raipur Pooling Station, associated with the transmission system for IPPS (Phase-I, Stage-I, Part-A) in Chhattisgarh. Another 6-km long 400 kV D/C T/L from Raigarh Pooling Station (near Kotra) to Raigarh has also to be constructed as a part of the same package. The value of this order is Rs.160 crore and it will be completed within 26 months from the date of award or before February 28, 2013.
Interestingly, this is the first 765 kV Double Circuit T/L project awarded to Tata Projects Limited and for the first time in the country, a new tower design will be adopted which is compatible with Hexagon Bundle Conductor (6 conductors per phase) configuration which means that 36 conductors shall be strung along the line as against the maximum of 24 conductors being used currently. This is the first time in India that a T/L is being constructed at this voltage level i.e., 765 kV D/C with the above mentioned conductor configuration
Hyderabad, January 5, 2011: Tata Projects Limited(SBU - Transmission & Distribution) received an order from POWERGRID, a Navaratna Public Sector Enterprise and one of the largest transmission utilities in the world, for supply and construction of the 160 km-long 765 kV S/C Transmission Line from Charkeri to Gwalior and 22 km-long of 765 kV D/C Transmission Line (common for Charkeri-Gwalior Ckt. I & II) associated with Satna-Gwalior (Ckt-I), Part-II Transmission Line System for Rihand-III and Vindhyachal-IV in Madhya Pradesh. The order value is approximately Rs.230 crore and it is required to be completed in 26 months.