Jamsetji Nusserwanji Tata
Our founder Jamsetji Nusserwanji Tata March 3, 1839 - May 19, 1904
In a free enterprise, the community is not just another stakeholder in business, but is in fact the very purpose of its existence.

Building India’s
Modern Foundations

We believe the legacy of the Tata Group comes with the responsibility of building a robust foundation for a formidable India of tomorrow.

Read more
Message from the Chairman

Redefining Pathways
to Progress

Dear Stakeholders,

FY2026 has been a very challenging year for Tata Projects Limited. The global environment saw geopolitical shifts, supply-chain realignments, cost volatility and an accelerated push towards energy transition and climate resilience, alongside increasing fragmentation in global trade and a sharper focus on resilient, localised infrastructure ecosystems.

Praveer Sinha, Chairman

Dr. Praveer Sinha

Chairman

Read full statement
Message from the Managing Director

Shaping the Future
with Resilience
and Innovation

Dear Stakeholders,

FY2026 has been a defining year for Tata Projects as we strengthened our position as a trusted, execution-led EPC partner in India’s rapidly evolving infrastructure landscape. Amid global uncertainties and domestic growth momentum, we demonstrated resilience, sharpened execution discipline, and reinforced our commitment to sustainable, technology-led growth.

Vinayak Ratnakar Pai, Managing Director

Vinayak Ratnakar Pai

Managing Director

Read full statement

FY2026 Highlights

₹16,126 Cr

Revenue from Operations
(Standalone)

  • ₹106 Cr

    EBITDA

  • ₹(863) Cr

    PAT

  • ₹2,340 Cr

    Net Worth

  • 2.78

    Debt Equity ratio (no. of times)

48 KTA

Galvanising
Capacity

  • 24 KTA

    Structural Steel Fabrication Facility

  • ₹22,000 Cr+

    Order Book

  • 40 KTA

    Tower Manufacturing Capacity

  • 77%

    Capacity Utilisation

  • 100 ktCO2e

    Total Scope 1 and Scope 2 Emissions

  • 1,739 ktCO2e

    Total Scope 3 Emissions

  • 6,014 GJ

    Renewable Energy Consumption

  • 8,170 MT

    Waste Recycled

  • 467 ML

    Wastewater Recycled

  • 9,600

    Saplings Planted

  • 44%

    Women in Leadership

  • 57,589

    Hours of Training Provided to Employees

  • Zero

    LTIFR for Employees

  • 4

    Independent Directors

  • 1

    Non-Executive Director

  • 1

    Female Director

  • 92%

    Board Attendance

  • Zero

    Data Breaches in FY2026

  • 48

    Suppliers assessed through ESG Evaluation

About TATA Projects

A Legacy of
Shaping Lives,
Creating Values

We are a part of the Tata Group, a global conglomerate with presence in over 100 countries across six continents. We are guided by the enduring mission of the Tata Group: to improve the quality of life of the communities we serve globally through long-term stakeholder value creation based on leadership and trust.

Read more

FY2026 at a Glance

  • ~130

    Ongoing Projects

  • ~₹6,000 Cr+

    Revenue from Green Projects (35% of total revenue)

  • 11,493

    Total Employees

  • 54,921

    Frontline Workers

  • ~₹22,000 Cr+

    Order Book

  • ~₹49,832 Cr+

    Order Backlog

Strategic Pillars

Staying the Course,
Gathering Strength

As we enter the new financial year, we build on the momentum of our highest-ever order booking, with more than ₹22,000 crore secured and over ₹4,000 crore in confirmed wins.

Read more

  • Financial
    Leadership

  • Operational
    Excellence

  • Great Place
    to Work

  • ESG
    Stewardship

  • Trust of External
    Stakeholders

  • Drive Profitability and Cashflow excellence
  • Build Strategic & technology Partnership
  • Balanced & High Quality Order-book
  • Operation excellence
Stakeholder Engagement

Relationships Redefined to Create Value

Stakeholder engagement is crucial in every business. We took it with a difference. We sought to strengthen our relationships with our stakeholders with a purpose — making the business resilient, responsible, and future-ready.

Read more

Employees

Value Created

5,246

Employees Received Career Development Reviews

10

Average Training Hours Per Employee

Customers

Value Created

97.10%

Customer Satisfaction Index – Overall

97.20%

Customer Satisfaction Index – Quality

Suppliers/Contractors/
Service Providers

Value Created

48

Suppliers Assessed on ESG Parameters

18%

Sustainable Sourcing

Community

Value Created

17,120

Beneficiaries of Community Initiatives

Government

Value Created

Adopting highest standards of environmental, safety, and quality protocols

Investors

Value Created

AA

CRISIL Credit rating

56

(Adequate) CRISIL ESG Rating

C

CDP - Climate change and Water

NGOs

Value Created

56

Partners were Engaged with for Volunteering Initiatives and Blood Donation Camps

Double Materiality Assessment

High-impact Areas in
Decision-making

We carried out a double materiality assessment during the year to identify the ESG topics most relevant to our business and stakeholders. The assessment was designed to evaluate issues through two complementary lenses.

Read more

Impact
Materiality

Inside-Out
Double
Materiality
Company
People and
Environment
Outside-In

Financial
Materiality

Financial Capital

Navigating Challenges
with Fiscal Discipline

FY2026 marked a defining year in our financial journey. Against the backdrop of India’s expanding infrastructure investment and growing global demand for complex, technology-driven construction, we recorded our highest-ever order booking, activated multiple cost-efficiency levers, and made deliberate progress in reshaping our revenue mix towards higher-margin, future-ready sectors. These outcomes reflect disciplined execution of our financial strategy and lay the foundation for sustained and profitable growth.

Read more

Key Highlights of FY2026

₹22,000+ Cr

Order Booking - Highest-ever in TPL history

₹16,126 Cr

Revenue from Operations (Standalone)

0.66%

EBITDA Margin

Key Focus Areas

  • Order Book Quality and Conversion
  • Working Capital and Cash Conversion
  • Margin Management
  • Capital Allocation and Balance Sheet Strategy
  • Tax Governance and Compliance

Alignment with UN SDGs

SDG 8 SDG 9 SDG 17
Manufactured Capital

Delivering Infrastructure
Excellence at Scale

Manufactured capital plays a direct role in reaching excellence in project handling — from the shop floor of manufacturing units to some of the most complex infrastructure sites across India.

Read more

Key Highlights of FY2026

77%

Capacity Utilisation at TMU

₹129 Cr

Value of Manufactured Capital

48 KTA

Installed Galvanising Capacity

Key Focus Areas

  • Capacity Expansion
  • Digital Manufacturing and Visibility
  • Quality Management
  • Asset Modernisation and Optimisation
  • Innovation in Construction

Alignment with SDGs

SDG 9 SDG 11 SDG 12 SDG 13
Intellectual Capital

Engineering a
Smarter Tomorrow

Our vision of delivering predictable and sustainable projects through innovation and technology is a thread running through every digital initiative we undertake.

Read more

Key Highlights of FY2026

₹128 Cr

Reported Savings from Innovation

175

Innovations (5% increase from previous year)

50

Project Sites Live on digital ESG Platform

Key Focus Areas

  • Digital Project Delivery from proof-of-concept enterprise-wide deployment
  • AI to solve specific, high-cost operational problems in project delivery, contract management, quality assurance and safety

Alignment with SDGs

SDG 9SDG 11SDG 12SDG 13
Human Capital

Building the Workforce
behind Modern India

Human capital remains central to delivering complex projects with speed, quality, and predictability. In FY2026, the Company continued to strengthen its people agenda through capability building, inclusive growth, digital HR systems, employee well-being, and a culture anchored in ethics and performance.

Read more

Key Highlights of FY2026

44%

Women in Top Leadership

10

Hours of Training per Employee in FY2026

110

Long Service Awards

Key Focus Areas

  • Culture and Engagement
  • Capability Building - Samvaad, Abhyudaya and Daksh
  • Early Talent Programme
  • Diversity and Inclusion
  • Organisation Structure and Overheads
  • Performance and Compensation
  • Frontline Skilling

Alignment with SDGs

SDG 4SDG 5SDG 8SDG 10SDG 16
Natural Capital

Building the Base
for a Greener Nation

The Tata Group’s sustainability approach is anchored in Project Aalingana, guided by a vision to protect the planet while shaping the future through next-generation technologies.

Read more

Key Highlights of FY2026

9%

Reduction in Emission Intensity

₹2.29 Cr

CAPEX on Renewable Energy Sources for deployment of emission reduction levers

100%

Of all project sites connected to grid power

Key Focus Areas

  • Emissions Management
  • Air Quality Management
  • Energy Management
  • Water Management
  • Waste Management
  • Biodiversity

Alignment with SDGs

SDG 7SDG 12SDG 13SDG 15
Awards and Recognition

Awarded
for Excellence

We were awarded for project delivery, technology-led execution, and people-first culture, reflecting the strength of our teams and the complexity of the work we deliver.

Read more

  • Construction Company of the Year 2025

  • Best Brands – Civil Construction Company, Urban Infrastructure

  • National Project Excellence Award 2025 – Noida International Airport, Mega Infrastructure category

  • National Project Excellence Awards 2025 – ISRO Trisonic Wind Tunnel Project

  • Tata Steel Suppliers' Day 2025 – Service Partner of the Year

  • Infra Innovator of the Year – Technology Provider

  • CII AI Summit 2025 – ‘Most Innovative’ Excellence in Best Industry AI Application

  • Data Center Champion Awards 2025 – Sustainable and Resilient Digital Infrastructure

  • Tata Projects Receives ‘Innovation New Initiative’ Award

  • UBS Forums Net Zero Summit & Awards 2026 – Best Net Zero Project of the Year

  • Mumbai Metro Line 3 Stations Achieve IGBC Platinum Certification

  • NCSI Safety Awards for 16 Projects

  • India HSE Summit & Awards 2025

  • National Safety Council (Tamil Nadu Chapter) OHSE Awards 2025 – Award of Honour

  • IOCL Gujarat Refinery – Best HSE Performer Award

  • British Safety Council International Safety Awards 2025 – CMRL & BARC Tarapur

  • India’s Happiest Workplaces – HWA Conclave 2026

  • Visionary People Leader – Shirley Burla, CHRO

  • CISO Forum 2025 – AI Visionary: Leading the Future of Cybersecurity

  • Recognised as Top 25 Companies for Excellence in Women in STEM by CII 2025

Download
Center

Integrated Annual Report 2025-26 cover Integrated Annual
Report 2025-26