Latest news with #TataProjects
Economic Times
6 days ago
- Business
- Economic Times
Fire Chat: Tata Projects at ET Inspiring Women Leaders West 2025
Tata Projects, one of India's fastest-growing infrastructure companies, is dedicated to shaping the nation's future through impactful work in energy, transportation, and urban development. As a company deeply invested in inclusive growth, it was proud to participate in ET Inspiring Women Leaders West 2025. Representing the organization was Preiti Patel, Chief Strategy & Growth Officer and Managing Committee member, who brings over 20 years of experience in strategic growth, partnerships, and sustainability. A passionate advocate for women's empowerment and girl-child education, Preiti reflects the values Tata Projects upholds internally through initiatives like 'She Leads.' This flagship program is designed to empower women employees by fostering leadership, encouraging resilience, and building confidence. The platform aligns seamlessly with Tata Projects' vision of inclusive leadership and its commitment to nurturing a diverse and equitable workforce. Their participation celebrates women changemakers and highlights the company's mission of building a better, more inclusive tomorrow. As India moves toward becoming the third-largest global economy, the role of women in infrastructure, especially in leadership and engineering, is more critical than ever. Through platforms like ET Inspiring Women Leaders, Tata Projects amplifies conversations around representation, challenges gender norms in core sectors, and showcases real progress in bridging the opportunity gap. Beauty with Purpose Beauty With Purpose In a world where beauty has evolved beyond fleeting trends and surface appearances, the Beauty with Purpose panel brought together a compelling mix of voices—a dermatologist, a psychologist, a representative from the makeup industry, and a wellness advocate—to explore how beauty today is rooted in intention, awareness, and overall well-being. The discussion highlighted the rise of conscious consumers—those seeking not just effective products, but ones that align with their personal values: clean, ethical, and inclusive. The panel explored the science behind skin health, the emotional and psychological impact of beauty ideals, and the role of wellness practices in fostering a balanced, authentic sense of self. Each expert contributed a unique lens: from understanding the emotional connection we have with our appearance to embracing makeup as a powerful form of self-expression. The conversation reinforced the growing importance of informed choices and the shift toward holistic beauty—where physical, mental, and emotional well-being are all deeply interconnected. Through insightful dialogue and lived experiences, the panel illustrated how beauty has become more personal, mindful, and empowering. It stood as a celebration of purpose-driven practices and a powerful reminder that true beauty lies not just in how we appear, but in how we live, feel, and connect with the world around us. Awards: Nikki Rumana Faisal Hemali Dalal Megha Vijaywargia Nami Jain Mala Vijay Makhija Pujaa Shah Dr. Chandni Kapadia Anisha Anand Noopur Desai Dimple Shah Disclaimer: Content Produced by Optimal Media Solutions – A Division of Times Internet Ltd
Time of India
6 days ago
- Business
- Time of India
Fire Chat: Tata Projects at ET Inspiring Women Leaders West 2025
Tata Projects, one of India's fastest-growing infrastructure companies, is dedicated to shaping the nation's future through impactful work in energy, transportation, and urban development. As a company deeply invested in inclusive growth, it was proud to participate in ET Inspiring Women Leaders West 2025. Representing the organization was Preiti Patel, Chief Strategy & Growth Officer and Managing Committee member, who brings over 20 years of experience in strategic growth, partnerships, and sustainability. A passionate advocate for women's empowerment and girl-child education, Preiti reflects the values Tata Projects upholds internally through initiatives like 'She Leads.' This flagship program is designed to empower women employees by fostering leadership, encouraging resilience, and building confidence. The platform aligns seamlessly with Tata Projects' vision of inclusive leadership and its commitment to nurturing a diverse and equitable workforce. Their participation celebrates women changemakers and highlights the company's mission of building a better, more inclusive tomorrow. As India moves toward becoming the third-largest global economy, the role of women in infrastructure, especially in leadership and engineering, is more critical than ever. Through platforms like ET Inspiring Women Leaders, Tata Projects amplifies conversations around representation, challenges gender norms in core sectors, and showcases real progress in bridging the opportunity gap. Beauty with Purpose Beauty With Purpose In a world where beauty has evolved beyond fleeting trends and surface appearances, the Beauty with Purpose panel brought together a compelling mix of voices—a dermatologist, a psychologist, a representative from the makeup industry, and a wellness advocate—to explore how beauty today is rooted in intention, awareness, and overall well-being. The discussion highlighted the rise of conscious consumers—those seeking not just effective products, but ones that align with their personal values: clean, ethical, and inclusive. The panel explored the science behind skin health, the emotional and psychological impact of beauty ideals, and the role of wellness practices in fostering a balanced, authentic sense of self. Each expert contributed a unique lens: from understanding the emotional connection we have with our appearance to embracing makeup as a powerful form of self-expression. The conversation reinforced the growing importance of informed choices and the shift toward holistic beauty—where physical, mental, and emotional well-being are all deeply interconnected. Through insightful dialogue and lived experiences, the panel illustrated how beauty has become more personal, mindful, and empowering. It stood as a celebration of purpose-driven practices and a powerful reminder that true beauty lies not just in how we appear, but in how we live, feel, and connect with the world around us. Awards: Nikki Rumana Faisal Nikki Rumana Faisal Awarded For - Contemporary Couture Fashion Hemali Dalal Hemali Dalal Awarded For - Changemaker in Education Megha Vijaywargia Megha Vijaywargia Awarded For - Philanthropist in Health & Education Nami Jain Nami Jain Awarded For - Fashion Retail Mala Vijay Makhija Mala Vijay Makhija Awarded For - Advertsing and Brand Communication Pujaa Shah Pujaa Shah Awarded For - The Art of Patola Weaving and Design Dr. Chandni Kapadia Dr. Chandni Kapadia Awarded For - Driving Excellence in Education Anisha Anand Anisha Anand Awarded For - Food Innovation and Luxury Catering Noopur Desai Noopur Desai Awarded For - Nutrition Focus Social Impact Dimple Shah Dimple Shah Awarded For - Jewellery Designing
New Indian Express
07-08-2025
- Business
- New Indian Express
India needs 10 EPCs of L&T's size, says Parth Jindal
India's infrastructure growth ambitions could be held back by a limited pool of large-scale engineering, procurement and construction (EPC) contractors and outdated construction methods, warns Parth Jindal, managing director, JSW Cement. In a recent interaction, Jindal said that while the Indian economy has the potential to grow faster than 7%, one of the major stumbling blocks is the lack of sufficient high-quality EPC players. 'Whenever we try to build a factory, my team always comes back and says, there's only L&T,' Jindal said, stressing the urgent need for at least 10 to 20 L&T-like firms to support India's infrastructure and industrial ambitions. Jindal pointed out that while companies like Tata Projects, KEC International, and J Kumar Infra are stepping up, the broader industry still relies heavily on manual labour. 'We are still pouring cement and bending TMT bars manually,' he noted, adding that a shift to mechanised civil work, akin to practices in China and other advanced economies, is essential for speeding up project execution. 'Today, it takes longer in India to build a road or a building compared to China,' he said. 'It is improving, but it can be much faster.' Jindal blamed lack of large EPCs to sales realization in the cement sector. He said that sales realisations in cement have declined for the past two years. The 10-year CAGR in cement prices in India is less than 1%, which he says, is a serious concern. 'Despite cost-saving measures, the benefits have been passed on to customers, and EBITDA margins remain stagnant compared to a decade ago,' says the MD of JSW Cement, whose initial public offer opened for subscription on Thursday. The IPO, which is priced at Rs 139-147, got subscribed 29% on the first day. The retail investors' portion got subscribed 36% on the first day. Meanwhile, Jindal says though there's no direct impact of the 50% US tariffs on Indian exports, the move has dented market sentiment. 'The impact will mostly be on gems and jewellery, textiles, toys and auto components,' he said. 'But sentiment matters.'
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Business Standard
08-07-2025
- Business
- Business Standard
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 Rs 60,000–70,000 crore by 2030, according to Raman Kapil, Chief Operating Officer, B&I, Tata Projects. The business's order book as of 31 March 2025 stood at around Rs 30,000 crore, featuring projects across segments such as transport infrastructure, residential, commercial and industrial real estate. 'We're targeting metro projects, mega bridges, renewable and nuclear power, and private real estate. We'll go deeper in select cities, particularly in the data centre, aviation and maintenance, repair and operations (MRO) segments,' Kapil said. The company aims to focus more on geographies such as Mumbai, Delhi, Bengaluru and Hyderabad. Meanwhile, the division's annual turnover stood at around Rs 9,500 crore in the financial year 2025 (FY25), against Tata Projects' total income of Rs 17,564.89 crore in FY25. The company's B&I arm aims to grow its turnover to Rs 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 Rs 696.56 crore against a profit of Rs 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 it, 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 comes from 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 over government ones. According to Kapil, government sector projects come with challenges—approvals, right of way (RoW) issues and fund flow. 'We focus on financially secured government projects while prioritising private sector opportunities.' The division has been working on government projects such as metro lines across top-tier cities worth over Rs 12,500 crore, the Mumbai Trans Harbour Link worth Rs 2,400 crore (40 per cent stake), and the BDD Chawl redevelopment project in Mumbai worth Rs 11,744 crore (through a consortium of Tata Projects, Capacit'e Infraprojects and CITIC Group). However, going ahead, the company is not very keen to work on redevelopment projects such as that of BDD. 'We aim to complete BDD before taking up similar redevelopment projects. Our focus remains on private sector building projects.' Kapil also emphasised that the company does not 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 Rs 2,500 crore through a rights issue. Kapil stated that the fund-raising 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, drones and AI tools—to enhance speed, quality and risk management—to deliver predictable and sustainable projects through innovation and technology,' Kapil said.
Time of India
08-06-2025
- Business
- Time of India
Tata-govt body bank guarantee case: HC refuses to intervene
Raipur: The Chhattisgarh High Court has disposed of a writ petition filed by Tata Projects Limited, which sought restoration of status quo, directing the company to seek remedy before the commercial court. The petition concerned the encashment of a performance bank guarantee of Rs 167.46 crore by the Chhattisgarh Infotech Promotion Society (CHiPS), the nodal agency for driving IT growth and implementing IT and e-Governance initiatives in the state. A division bench of Justice Narendra Kumar Vyas and Justice Amitendra Kishore Prasad heard the petition filed by Tata Projects. The company sought restoration of the status quo ante, asking for the return of the Rs 167.46 crore to State Bank of India and the issuance of an identical bank guarantee. Alternatively, Tata Projects requested CHiPS to deposit the amount in an interest-bearing account until the dispute's resolution. According to court records, CHiPS had issued a Request for Proposal (RFP) for the selection of a Master System Integrator (MSI) for the BharatNet Phase-II Project in Chhattisgarh. A dispute arose between Tata Projects and CHiPS during the commercial contract. Previously, Tata Projects had filed writ petition, in which a single bench of the high court on 2 July 2024, granted interim protection, restraining respondents from encashing the performance bank guarantee. This writ petition was later disposed of on 30 April 2025, with the court re-delegating the parties to approach the commercial court. Subsequently, Tata Projects filed an application under Section 9 of the Arbitration and Conciliation Act, 1996. The commercial court, on 3 May 2025, ordered an interim status quo regarding the invocation of the bank guarantee. However, after the respondents filed their reply, the commercial court disposed of the application on 6 May 2025, vacating the status quo order. The initiation of the bank guarantee encashment process led Tata Projects to approach the high court. Senior counsel Kishore Bhaduri, appearing for Tata Projects, argued that CHiPS's conduct was fraudulent and high-handed, misleading the court and misusing its power by attempting to invoke the bank guarantee. Counsel for the respondents and the state argued that the writ petition was not maintainable, as Tata Projects had remedies available under Section 9 of the Arbitration and Conciliation Act, 1996, or under the Chhattisgarh Madhyashtham Adhikaran Act, 1983. The high court observed that an arbitration clause existed in the agreement and that Tata Projects had already approached the commercial court. The court ruled that the writ petition was not maintainable at this juncture. However, it granted Tata Projects the liberty to pursue statutory remedies before the commercial court. The court also clarified that the respondents were free to raise objections regarding the maintainability of any application. The High Court directed the commercial court to consider and decide any interim application or application under Section 9 of the Arbitration and Conciliation Act, 1996, filed by the petitioner expeditiously and in accordance with the law. The high court also made it clear that it had not expressed any opinion on the merits of the case, leaving it to the commercial court to decide independently.
