Page 2 - Tata Projects

Tata Projects Q4 results: PAT at Rs 120.5 cr on back of higher revenues

EPC firm Tata Projects on Thursday reported a profit after tax of Rs 120.57 crore for the quarter ended March 31 on the back of higher revenues. The company had posted a loss of Rs 366.42 crore in the year-ago period, Tata Projects said in a statement. These figures are after after exceptional and/or extraordinary items. The company's revenue from operations increased to Rs 5,412.80 crore during the March quarter, over Rs 5,015.21 crore in the year-ago period, the statement said. Tata Projects MD & CEO Vinayak Pai said the company's strategic realignment, organisational transformation and improved focus on operational efficiencies have started yielding results. "I feel proud to announce that we have returned to profitability, and we are moving forward on our path to deliver predictable and sustainable projects through innovation and technology," he said. Tata Projects is a technology-led engineering, procurement and construction (EPC) company in India.

PV or CV at TN plant? Tata Motors will take a call based on market trend

Tata Motors and the Tamil Nadu government signed a memorandum of understanding on Wednesday to set up a manufacturing unit in Ranipet near Vellore with an investment of Rs 9,000 crore

Indian companies look to cash in on bulging infrastructure order book

The growth of the big companies is trickling down to smaller companies and suppliers too

Tata Projects to raise up to Rs 750 cr via non-convertible debentures

TPL raised two subordinated NCDs of Rs 500 crore each in FY22 and FY23, which have a redemption tenure of six and half years and six years, respectively

Noida Airport projects 6.5 million footfall in its first year of operations

Given the improvement in air traffic and large aircraft order, the upcoming international airport has increased its predictions for footfall to 6.5 million from 4.1 million

Two big semiconductor proposals are under process, says Ashwini Vaishnaw

Two big semiconductor proposals are under process and expected to take shape in the coming few months, Union minister Ashwini Vaishnaw said on Saturday. Without divulging specifics of the proposals, the minister said the projects will focus on a special area where India can emerge as a leader at the global level. While speaking with PTI on the sidelines of the groundbreaking ceremony of Micron's semiconductor plant, Vaishnaw said that the global semiconductor company is noticing the progress made by India in the segment and Prime Minister Narendra Modi's capability to execute large and complex policy decisions. "This has developed India as a major trusted geography in which global industry players want to come. We can see in the coming few months at least two more large semiconductor proposals taking shape," Vaishnaw said. He said that there are some specific areas where India can take the lead and the focus of the semiconductor projects will be in areas that can help the country .

Tata Projects to construct Micron's advanced semiconductor plant in Sanand

Tata Projects on Saturday announced its collaboration with Micron Technology to construct an advanced semiconductor assembly and test plant in Sanand, Gujarat. The company in a statement said the contract awarded to Tata Projects solidifies the company's proficiency in large-scale, sustainable infrastructure development in the Indian manufacturing landscape. According to the statement, situated in the Gujarat Industrial Development Corporation area of Chaarodi, Sanand, the project spans an expansive 93 acres of land. "This enduring project is a significant milestone and the largest investment under the India Semiconductor Mission (ISM)," the statement said, adding that the construction of Phase 1 will include a 500,000 square feet cleanroom space, scheduled to be operational by late 2024. The statement said the project encompasses the design and construction of a first-of-its-kind DRAM (dynamic random access memory) and NAND (non-volatile flash memory) assembly and test facility in

Designed key aspects of Chandrayaan 3 mission: Tata Consulting Engineers

Chandrayaan-3 successfully executed a soft landing on the moon on August 23, 2023, making India the fourth nation in the world to achieve a successful lunar landing

Tata Communications launches cloud-based roaming lab for 5G trials

The cloud-based 5G roaming lab trials the international mobile roaming experience by closely monitoring traffic movement and network usage

TATA IHCL to operate CIAL's hotel project with Rs 100 crore investment

TATA group's Indian Hotels Company Limited (IHCL), which owns the luxury hotel brand 'Taj', will operate Cochin International Airport Limited's (CIAL) five-star hotel at the airport premises with an estimated investment of Rs 100 crore, a release said here on Thursday. CIAL constructed the hotel, which is ideally located near the airport entrance, as part of its land utilisation programme and also to provide the passengers with hospitality services at par with international standards. Taj CIAL at Cochin Airport is expected to be launched by middle of 2024. The airport said it has awarded the contract to IHCL with Rs 100 crore expected to be invested by the company for standardisation of its interiors in accordance with the Tata brand's grade. CIAL has completed the civil, mechanical, electrical, and plumbing works of the hotel and it will be handed over to IHCL soon for the development of the interiors. As per the contract, IHCL will share a percentage of the gross revenue generate

Bisleri deal dissolved; Tatas to make investments in their own brands

The Tata Group company announced on March 17 that negotiations regarding the potential acquisition of Ramesh Chauhan's Bisleri International had ceased

Tata Projects to build EPC solutions as it steps up green hydrogen focus

MD Vinayak Pai says firm will not deploy its own capital in this space, but will work with customers who are ready to invest in these projects

We see strong double-digit topline growth in FY23: Tata Projects MD

Vinayak Pai, who took over as the top man in the firm this July, dwells on the existing and prospective projects, and the future roadmap of the company

Road ahead for Tata Motors depends on the pace of volume recovery

Tata Motors reported a 30 per cent year-on-year (YoY) growth in revenues while operating profit saw a 35 per cent jump

Tata Projects consortium served termination notice over 'intolerable' delay

Move over 'inordinate delay' in executing crucial stretch of Western DFC

Tata Electronics shifts to hiring mode in Tamil Nadu; to add 10-15% staff

Tata Group to set up an iPhone assembling unit in JV with Wistron, in the state's Krishnagiri district

Adieu to colonial seat of power: What Central Vista will look like

Padma Shri Bimal Patel is the man behind the redevelopment of Parliament and the Central Vista project

Internal finishing work of new Parliament in progress: Tata Projects CEO

The main structure of the new Parliament building has been completed and now the internal finishing work is going on, Tata Projects CEO and Managing Director Vinayak Pai said on Sunday. Tata Projects Ltd is constructing the new Parliament building which will have a grand constitution hall to showcase India's democratic heritage, a lounge for members of Parliament, a library, multiple committee rooms, dining areas and ample parking space. "The main structure (of the new Parliament building) has been completed. We are now at the stage where we are doing a lot of internal finishing work," Pai told PTI in an interview. "... it is one of its kind, so the finishes are very well thought out by the architects, procuring that and doing all the finishing," he added. The government has maintained that the winter session of Parliament will be held in the new building being built under the Narendra Modi government's ambitious Central Vista redevelopment project. Replying to a question on how

Tata Motors' Q1 loss widens to Rs 5,007 cr amid chip woes, China lockdown

Losses at the UK subsidiary widened to £482 million, from £286 million, as JLR retail sales fell 37 per cent to 78,825 units from the year-ago quarter

TATA Projects appoints Vinayak Pai as MD, to succeed Vinayak Deshpande

TATA Projects on Thursday said it has appointed Vinayak Pai as its Managing Director