Creating World-Class Projects
Naresh Sharma, Head – Marketing Communication, Tata Projects Ltd.
Share with us your company profiling and latest advances in your projects and services in brief.
Tata Projects Limited is one of India’s fastest growing and most admired infrastructure companies. It has expertise in executing large and complex urban and industrial infrastructure projects.
The company provides turnkey solutions for the construction of roads, bridges, fully integrated rail & metro systems, commercial building & airports and setting up power generation plants, power transmission & distribution systems, chemical process plants, water and waste management and complete mining and metal purification systems.
Give us your opinion on the industry using new trends for better, smart and efficient launches to deliver promising growth potentials.
Infrastructure is a critical necessity for the nation’s development, economic growth and improving lives of citizens. Hence, we remain confident about the long-term growth prospects of India’s construction and infrastructure sector.
The infrastructure sector looks promising; however, this growth will only benefit those epc players that adopt new technologies, improve efficiencies and deliver quality work within committed timelines.
At Tata Projects, we remain committed to deliver projects on time using world-class management techniques and adhering to uncompromising standards of safety and sustainability.
Discuss your future business plans and strategies of the company in various practices.
We are a full-fledged epc player with presence along the entire spectrum of activities. We are executing projects across India in sectors such as metro rail, roads, railways, airports, power plants, smart cities, residential, industrial and commercial construction, river rejuvenation, water and wastewater, and even high-tech space related works.
Our order book has witnessed approximately 38 per cent CAGR growth over the last three years. Hence, looking at our recent performance and upcoming market opportunities – Tata Projects remains confident and optimistic about the future.
What are your views on the budget announced for the industry and give us a few details on the related financial ambitions as a key player?
The government’s intention to invest Rs.100 lakh crore into infrastructure in the next five years is an extremely positive step. This will ensure long term growth for the infrastructure sector and spur national development, including improving people’s lives through better amenities and facilities.
The budget has paid attention to the issue of funding for long term infrastructure projects through the setting-up of an expert committee thereby spurring expectation that it can be resolved in the near future.
Increased focus on railway network, especially modernization of stations is a much needed initiative. Intent to upgrade 1.25 lakh km of rural roads at an estimated cost of Rs. 80,250 crore will provide fillip to the rural economy, provide jobs and ensure development. Emphasis on other transportation initiatives such as BharatMala, Sagarmala and UDAN can ease people’s lives and provide stimulus to businesses.
‘One nation one grid’ and other power sector initiatives such as tariff reforms can potentially rejuvenate the sector. Building of homes in both – rural and urban areas, and additional tax benefits for home loans will give a boost to the Realty sector. Usage of Universal Services Obligation Fund corpus for augmenting BharatNet, especially in rural areas is a noteworthy action.
The setting up of National Space India Limited, a PSU to boost commercialization of India’s space research will provide an impetus to India’s space ambitions, augment revenues and benefit the entire eco-system, including all vendors.
Is there is anything that you would like to share with your audience at large – the motives and principals of the company to remain competitive in the near future.
To remain competitive in near future, we shall continue to focus on simplifying complexity and creating world-class projects on time by leveraging latest technology, advanced construction practices and engineering expertise built over four decades. Exceptional execution is the key to create projects on time. Tata Projects leverages technology, advanced construction methods and well-orchestrated collaboration between diverse specialists to ensure flawless and on-time execution of projects.