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Infrastructure construction company Tata Projects Ltd is looking at a healthy 20 per cent growth in its total order value this year. Its current order book is pegged at ₹14,000 crore.
Vinayak Deshpande, MD, Tata Projects, said that the company is quite optimistic with the overall infrastructure growth of the country and expects to bag a good number of projects from the industrial segment this year, which would be driven by power sector mostly. Deshpande expects at 6-7 mega projects worth ₹1,800 crore to come up in this year alone.
Besides, the company is also upbeat about bagging projects from railways (eastern corridor), metro and water treatment. “Bidding processes have started and we intend to secure a majority of them,” he said without divulging any specific financials and numbers. Tata Projects has already secured new orders worth ₹8,000 crore in the financial year 2015.
The company has entered into a strategic partnership with global construction company Brookfield Multiplex to build properties across commercial, retail, residential, healthcare, and tourism India.
Tata and Brookfield together have already secured projects, mostly on social infrastructure, worth ₹1,600 crore in India.
The Australian company, which has built over 900 marquee projects worth $61 billion across the world, along with Tata are committed to delivering projects before time in India.
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