REIMAGINING TATA PROJECTS

Tata Projects has, over the years, established itself as a full service, multi-sector Premier Engineering, Procurement & Construction (EPC) company in India. During our journey of more than four decades, we have executed several projects within India and overseas. These have been delivered across a wide range of customers, from Not-for-Profit to Private; from Municipal Bodies to Central Government; from self-funded to under Engineering, Procurement, Construction and Finance (EPCF) model, etc. These projects are already defining India’s skyline and transforming lives of fellow citizens.

Looking back a decade at Tata Projects, it was a company primarily focussed on the industrial projects segment, with the power sector constituting a significant part of it. Considering the nationwide undertaking to improve the quality of life and future business potential, Tata Projects started making plans to enter into other segments, including Urban Infrastructure. Over last 10 years, the Company has grown its presence significantly in the new segments and it is known for its quality delivery. The Company has expanded its service offerings and established itself as a multi-sector premier EPC Company. This expansion has also given the Company a substantial increase in revenue and order book.

The construction sector, which has historically been a laggard in terms of technology adoption, is now waking up to the possibilities of project delivery driven by technology and digitalisation. Tata Projects is taking the lead by re-imagining its strategic focus. It is time for Tata Projects to envision future: its presence, service offerings, technological prowess, unique selling proposition, the value it brings to its stakeholder and most importantly, the difference it makes to the world.

Delivering complex projects to customer’s requirement is our strength. We want to focus on segments where we add value by providing technological solutions to our customer’s needs. This means higher focus on segments with higher technology quotient.

During the last few years, a large part of capital investment has been done by the Government. Riding on the better infrastructure powered by the public spending and private investment is already on an increasing trend on account of better balance sheet health, high utilisation of existing capacities, production linked incentives, etc. We will increase our focus on private investments and aspire to be their partner of choice.

With the urgency of climate change impacting lives and livelihoods, the imperative to decarbonise our planet is clear. This entails decarbonising energy, promoting a circular economy, and developing cleaner solutions for hard-toabate sectors. India’s commitment to achieving Net Zero by 2070 under COP-26 further emphasizes the need for global investment in decarbonisation. Tata Projects aims to lead this journey, assisting our customers in meeting their decarbonisation targets, with a particular focus on green energy projects.

At Tata Projects, we recognize the immense value of ensuring predictable project delivery for both our customers and ourselves. To make this a cornerstone of our vision, we have developed a comprehensive approach that encompasses business process re-engineering, empowerment and accountability, and talent management and upskilling. Through these strategic initiatives, we are committed to delivering projects with precision, excellence, and customer satisfaction

In today’s fast-paced world, agility is not just a choice but a necessity. To meet customer expectations and effectively respond to evolving market dynamics, we understand the need to be nimble. Therefore, Tata Projects is actively re-evaluating our systems and processes, simplifying and digitalizing where possible, and harnessing the power of analytics. By adopting a more agile approach, we will adapt swiftly, shorten project delivery cycles, and maintain our competitive edge in the construction industry

Complex project execution requires empowered project delivery teams. We will strike a balance between centralised systems and processes that capitalizes benefits of scale and decentralised decision-making that ensures speed. We are committed to providing comprehensive skill development to individuals at all levels at Tata Projects, whether in our offices or on project sites. As a result of increased empowerment and accountability, we are fostering a culture of predictability in delivery and results.

Our people are our greatest asset, and we understand the pivotal role they play in achieving predictable project delivery. To enhance their capabilities, Tata Projects is dedicated to effective talent management and upskilling initiatives. We invest in identifying and nurturing talent within our organization, ensuring they have access to relevant training and development opportunities. By equipping our teams with the necessary skills and knowledge, we will create a workforce that consistently delivers projects with excellence, precision, and customer satisfaction.

We are determined to become leaders in technology, seamlessly integrating digital solutions into all aspects of our operations, customer interactions, and supplier engagements. Our aim is to transform our interactions with customers and suppliers, and decision-making processes by making digital a core component. We will embrace advanced technologies like artificial intelligence and big data that propelling us forward. We are committed to closing the technology gap in the construction sector, shaping a future of innovation and progress. We want the future to be different.

Project planning is evolving significantly, and a number of new project management and visualisation tools are being created. We have been utilising 3D BIM in our projects at Tata Projects; we want to use modelling tools frequently, use project libraries to optimise our estimation, cut down on waste and rework, and execute our plans very effectively. Additionally, we want to build a seamless interface with all of our partners, including suppliers and subcontractors.

We firmly believe in use of the most efficient construction technology that also provides safe workplace to our workers and society at large. We believe that it is core to our operations. This involves changing the way we execute projects by reducing in-situ construction in favour of precast and prefabrication done in factory setting. This allows us not only higher productivity, lower wastage but also provide a controlled working environment. We believe technology will play a key role, be it in terms of project execution sequencing, monitoring, course correction or using big data analytics to identify the hot spots for preventive actions.