Tata Projects Announces Financial Results for FY 2024

Mumbai, 22 April 2024: Tata Projects, one of the leading Indian Sustainable Technology-led Engineering, Procurement, and Construction (EPC) company and part of the world-renowned Tata Group, announced its financial results for the fiscal year.

Mr. Vinayak Pai, MD & CEO at Tata Projects, elaborating on the FY24 performance, said “Our strategic realignment, organisational transformation and improved focus on operational efficiencies havestarted yielding results. 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”.

Adding further, Mr. Pai said, “I am pleased to say that Tata Projects continues to show industry leadership in providing safe workplace, recording the best safety parameters in the Indian Construction Industry. Our commitment to diversity and inclusion 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, through our frontline skill development program.”

tata financial results

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: We have significantly increased our focus on digital project delivery with the intent to drive industry leadingefficiencies and innovation. Towards that and 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: 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.

About Us

Tata Projects is one of the fastest growing and most admired Sustainable Technology led Engineering, Procurement and Construction (EPC) companies in India. We have expertise in providing sustainable solutions in the execution of large and complex urban and industrial infrastructure projects while also demonstrating strong presence in refineries, petrochemical plants. We leverage our domain knowledge across various business segments to address the shift to clean energy to meet the nation’s Net Zero ambitions.

We provide  ready-to-deploy  solutions  for refineries,  green  fuels, roads,  bridges,  integrated  rail & metro   systems,  commercial  building  & airports,   power  generation,  transmission   & distribution systems,  chemical  process  plants,  water  & waste  management, and  mining & metal  purification systems.

Tata Projects offers one stop service covering entire  life cycle of the project,  from project conceptualization  to  operations  & maintenance.  It  uses  innovative  technology  solutions  to  offer bouquet  of  services   which  includes   engineering,   procurement,  construction,   commissioning, inspection & expediting, operations, repairs & maintenance, and shutdown services.

Over the  years, Tata Projects  has received  several  awards  and recognitions  for its project  delivery and commitment to safety & quality.

We are a part of the TATA Group which operates in more than 100 countries  across six continents, with a mission ‘To improve the  quality of life of the  communities  we serve globally, through  long- term  stakeholder value creation  based  on Leadership with Trust’. In 2022-23, the  revenue  of Tata companies,  taken  together, was $128 billion (INR 9.6 trillion). These companies  collectively employ over 935,000 people.

Media Contact:
Tata Projects

Ms. Amarjeet Kaur, Head – Communications


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Ms. Richa Seth


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