Tata Projects wants to transform into PPP developer
Hyderabad: Tata Projects Ltd, a Tata Group company, would like to transform itself into a public-private -partnership project developer without losing focus on engineering, procurement and construction (EPC) contracts, a senior executive said Thursday.
Manzoor Ameen, chief strategy officer, said core areas the company was looking for business development include urban infrastructure, water and power transmission.
"So far, we are purely playing an EPC role. But we will now play the PPP and BOOT. We believe these measures would form strategic perspective and help accelerate the company and contribute to its growth," Ameen told reporters here.
Tata Projects, along with its joint venture partner Balfour Beatty, a UKL-based infrastructure services provider, is in the race to clinch Kochi Metrorail Project.
The partnership with Balfour Beatty paves the way for the two companies to jointly identify and pursue infrastructure opportunities in India and sub-Saharan Africa with initial focus on power generation, transmission, railways, mining, and water and waste water segments, Tata Projects had said in a statement earlier.
"We are increasingly leveraging our verticals and also leveraging partnerships. We are trying to play a role in the urban infrastructure space. Be it metros or commercial SEZs," Ameen added.
He said the company was vying for some of the transmission contracts offered by REC and currently executing some projects for Powergrid Corporation.
TPL has clocked Rs 4,000 revenue last fiscal with 6.5 to 7 percent PAT. He, however, declined to share revenue projections for coming years.
The current order book of the company stands at close to Rs 15,000 crore as on Thursday with predominantly EPC projects in India.
Tata-Aldesa, a 50:50 joint venture between Tata Projects and Spanish firm Aldesa, has been awarded contract to construct the 337 km double track line and 14 km single line between Bhaupur and Khurja in UP on the Eastern Corridor stretch, which is funded by the World Bank.