Tata Projects to bid for PPP projects
Tata Projects Ltd (Tata Group) is aiming at public-private -partnership projects without losing focus on engineering, procurement and construction (EPC) contracts, a senior executive said last week.
Manzoor Ameen, chief strategy officer, said:
"So far, we are purely playing an EPC role. But we will now play the PPP and BOOT. We believe these measures would form strategic perspective and help accelerate the company and contribute to its growth."
Tata Projects has a partnership with Balfour Beatty to jointly identify and pursue infrastructure opportunities in India and sub-Saharan Africa with initial focus on power generation, transmission, railways, mining, and water and waste water segments. Together both companies are in the race for Kochi Metrorail Project.
The current order book of the company stands at close to Rs15,000 crore (US$2.3 billion) as on today with predominantly EPC projects in India.
Tata-Aldesa, a 50:50 joint venture between Tata Projects and Spanish firm Aldesa, has been awarded contract to construct the 337 km double track line and 14 km single line between Bhaupur and Khurja in UP on the Eastern Corridor stretch, which is funded by the World Bank.
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