Noel Tata eyes double-digit growth of this Ratan Tata’s company in revenues in FY25; Know the company plans

While talking to media persons on November 14, Vinayak Pai, managing director and CEO, Tata Projects, “We have clocked revenues of $2 billion (over Rs 16,800 crore) this year. Our bottom-line growth will be higher than top line growth this year.”

Noel Tata-led Tata Projects, the engineering procurement and construction (EPC) company of Tata Group, is projecting double digit growth in the current financial year. The company is hoping to churn out good revenue from electronics and sustainability.

In FY 2024, the company witnessed a splendid profit at Rs 139 crore on revenues of Rs 17, 247 crore.

While talking to media persons on November 14, Vinayak Pai, managing director and CEO, Tata Projects, “We have clocked revenues of $2 billion (over Rs 16,800 crore) this year. Our bottom-line growth will be higher than top line growth this year.”

On the other hand, rival of Tata Project, L&T is anticipating a growth of 15% in revenues in FY 25.

The CEO said the key pillars for growth like advanced engineering, sustainability and mobility have a good balance and their vision is clear. He said the sustainability sector has 40% growth which includes green hydrogen, green ammonia and metros. The electronics and semiconductor segment earns 10% to 15%  revenue. The company has an order book of Rs 40,000 crore, he added.

While highlighting new manufacturing units, he said the company  is establishing a semiconductor facility for Tata Electronics in Dolera, Gujarat and a battery manufacturing unit in the same state.

Pai said that green hydrogen, green ammonia are the vital elements for the company’s growth.