The company, known for its iconic projects like the New Parliament Building in New Delhi and Atal Setu in Mumbai, receives over 20% of its projects from Tata Group companies such as Tata Consultancy Services, Tata Power, Indian Hotels, Tata Steel, and Tata Electronics. According to Pai, this percentage has increased from about 8% two years ago, thanks to the group’s substantial investments in sectors like campuses, hotels, and transmission lines.
Tata Projects IPO in the next 12-18 months
Tata Projects is considering going public within the next 12-18 months. During this time frame, the engineering, procurement, and construction (EPC) company within the Tata Group aims to establish a consistent cash flow.
The primary goal of TATA projects IPO is to achieve financial stability within this period. According to Vinayak Pai, the managing director and chief executive, the key indicator of success will be the ability to generate 4-5% cash on revenue. This metric is crucial for demonstrating the company’s financial health and overall fitness.
Tata Projects, known for its iconic projects like the New Parliament Building in New Delhi and Atal Setu in Mumbai, receives over 20% of its projects from Tata Group companies such as Tata Consultancy Services, Tata Power, Indian Hotels, Tata Steel, and Tata Electronics. According to Pai, this percentage has increased from about 8% two years ago, thanks to the group’s substantial investments in sectors like campuses, hotels, and transmission lines.
The company was previously involved in railway projects, but has recently shifted its focus away from bidding on new orders in this sector. There are several factors that may have influenced this decision.
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