Tata Projects eyes order book of over Rs 60,000 cr from infra biz by 2030

The buildings and infrastructure (B&I) division of Tata Projects — the engineering, procurement, and construction (EPC) arm of the Tata Group — is eyeing an order book of ₹60,000-70,000 crore by 2030, according to Raman Kapil, chief operating officer (COO), B&I, Tata Projects.

 

The business’ order book as of March 31, 2025, stood at around ₹30,000 crore, featuring projects across segments like transport infrastructure, residential, commercial, and industrial real estate.

 

"We’re targeting metro projects, mega bridges, renewable & nuclear power, and private real estate. We’ll go deeper in select cities, particularly in data centre, aviation, and maintenance, repair and operations (MRO) segments," Kapil said, adding that the company aims to focus more on geographies like Mumbai, Delhi, Bengaluru and Hyderabad.

 

 

Meanwhile, the B&I division’s annual turnover stood at around ₹9,500 crore against Tata Projects’ total income of ₹17,564.89 crore in 2024-25 (FY25). The company’s B&I arm aims to grow its turnover to ₹15,000-16,000 crore by FY30.

 

The B&I division contributes about 50 per cent to Tata Projects’ overall revenue. The rest is contributed by the energy and industrial (E&I) division of the company.

 

In FY25, Tata Projects incurred a loss of ₹696.56 crore against a profit of ₹81.96 crore in FY24. “Growth comes with challenges. We also have our own share of those challenges. But we have mostly come out of them, and now our paths and our directions are very clear,” Kapil explained.

 

Currently, 60 per cent of B&I's order book is third-party while 40 per cent of it is through Tata group projects. Kapil stated that there would be more group projects going ahead (45 per cent), leveraging the synergy with group companies. “We aim to shift to a 55:45 ratio, growing our share of group projects,” he added. 

 

Further, the division would prefer private sector projects more than government ones. According to Kapil, government sector projects come with challenges — approvals, ROW (right of way) issues, and fund flow. “We focus on financially secured government projects while prioritising private sector opportunities," Kapil said.

 

The division has been working on government projects like metro lines across top-tier cities worth over ₹12,500 crore, the Mumbai Trans Harbour Link (MTHL) worth ₹2,400 crore (40 per cent stake), and the BDD Chawl redevelopment project in Mumbai worth ₹11,744 crore (through a consortium of Tata Projects, Capacit'e Infraprojects, and the CITIC group).

 

However, going ahead, the company is not very keen to work on redevelopment projects. “We aim to complete BDD before taking up similar redevelopment projects. Our focus remains on private sector building projects," he added.

 

Kapil also emphasised that the company doesn’t want to enter the public-private partnership (PPP) space for the next three-to-four years.

 

Earlier, in March 2025, Tata Projects decided to raise ₹2,500 crore through a rights issue. Kapil stated that the fundraising was to support the company’s investments in technology, precast solutions, fabrication facilities in Nagpur, and cleanroom infrastructure for the semiconductor space.

 

“Our vision is to become a technology-led EPC company — leveraging BIM (Building Information Modeling), drones, and AI tools to enhance speed, quality, and risk management — to deliver predictable and sustainable projects through innovation and technology,” Kapil said.