Tata Projects, which is among the top three engineering, procurement and construction (EPC) firms with a 12-15% market share, is positioning itself for better liquidity cycles and long-term growth.
Vinayak Pai, MD & CEO, shares with Geeta Nair insights on the company’s future, major projects and industry trends. Excerpts:
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The next fiscal (FY26) is shaping up to be a significant year for us. We have several marquee projects nearing completion. The Pune Metro Line 3 from Shivaji Nagar to Hinjewadi is on track to be operational this year. The Noida International Airport in Jewar is progressing rapidly and will be completed soon. Additionally, we are delivering the Micron project, India’s first large-scale semiconductor manufacturing facility. These projects are not just milestones for us, but are nationally important developments.
When will the Noida Airport open? Are you looking at more airport projects?
The exact launch date will be determined by the government, but the progress has been impressive. Anyone travelling along the Expressway can see the rapid transformation. We successfully landed a full-fledged aircraft on the runway two months ago. This is our first fully-integrated airport project, covering both airside and landside infrastructure, including runways, air traffic control and the terminal building. With a capacity of 12 million passengers, this is a major achievement.
How important is the clean and green manufacturing portfolio for you?
Our commitment to sustainable projects has grown substantially. Currently, 20-25% of our portfolio is dedicated to clean and green manufacturing, and this share is only set to increase. The Micron Semiconductor project is a testament to our focus on advanced, sustainable industries. We have been involved in three semiconductor projects, reinforcing our expertise in this emerging sector.
With no prior experience in semiconductor, how did you execute the Micron project?
Collaboration was the key. Micron brought global expertise and we worked closely for a seamless execution. We also on-boarded specialists from Singapore, Malaysia and Europe, complementing our in-house talent.
Additionally, we partnered with firms from the US to fill specific technical gaps.
Global experts visiting the site have acknowledged that the pace at which we are executing this project is on par with or even faster than international standards.
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