Tata Projects wins major contract to build global automaker's plant in Maharashtra
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Tata Projects wins major contract to build global automaker's plant in Maharashtra

Tata Projects, a player in the EPC (Engineering, Procurement, and Construction) sector of the Tata group, announced on Tuesday that it has secured a major contract from a large global automotive conglomerate. The contract involves the development of a new greenfield plant in Chhatrapati Sambhajinagar, Maharashtra state.

The scope of work includes three key packages: the assembly workshop, the stamping and welding shop, as well as buildings for utilities and support. According to Tata Projects, the work covers civil, structural, and architectural solutions, mechanical, electrical, and plumbing (MEP) systems, utility networks, testing, commissioning, and handover of the facility.

The company did not disclose the identity of the automotive firm but noted that the integrated nature of the project requires close interaction between various engineering disciplines and construction activities to ensure efficient execution and seamless integration of the main production and auxiliary infrastructure of the enterprise.

This contract marks a significant milestone in the expansion of Tata Projects' activities in the automotive sector and strengthens its position as a partner in complex industrial projects. The company also stated that the project will bring together numerous specialized areas, as well as a wide network of partners and suppliers.

Rajiv Menon, President and Director of Growth and Strategy at Tata Projects, stated: 'We are collaborating with a leading global automobile manufacturer to create a facility that will contribute to this journey.' He added that this assignment is an important step in expanding the company's presence in advanced manufacturing, as Tata Projects will bring its comprehensive capabilities in engineering and execution to this project.

The contract builds upon the company's growing expertise in creating infrastructure for advanced manufacturing, complementing its experience in semiconductor facilities, battery plants, data centers, and other technology-intensive projects.

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Tata Projects wins order from GSFC to build sulfuric and phosphoric acid production complex in Gujarat
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Tata Projects wins order from GSFC to build sulfuric and phosphoric acid production complex in Gujarat

Tata Projects, a leading technology-driven engineering and construction company in the country, announced on Wednesday that it has secured a contract from Gujarat State Fertilizers & Chemicals Ltd (GSFC). This contract involves developing an integrated complex for the production of phosphoric and sulfuric acids in the state of Gujarat.

This agreement marks a significant milestone in Tata Projects' expansion into specialized processing industries and strengthens its position as a partner for Engineering, Procurement, and Construction (EPC) of complex industrial infrastructure.

The proposed complex will include a phosphoric acid plant with a capacity of 600 metric tons per day (MTPD) and a sulfuric acid plant with a capacity of 1800 metric tons per day (MTPD), along with associated utilities and external infrastructure.

In a statement, the company reported: 'Tata Projects... has received a significant EPC contract from Gujarat State Fertilizers & Chemicals Limited for the development of an integrated Phosphoric and Sulfuric Acid Complex (PASA) in Sikke, Jamnagar, Gujarat.'

The project encompasses the creation of integrated production facilities for phosphoric and sulfuric acids, as well as necessary auxiliary systems and external infrastructure. Rajiv Menon, President and Chief Growth and Strategy Officer of Tata Projects, noted that the company's priority when expanding its presence in the chemical, fertilizer, and other specialized processing sectors remains building a high-quality and diversified order portfolio, supported by technical expertise, reliable execution, and long-term client partnerships.

Tata Projects possesses experience in providing sustainable solutions for implementing large and complex projects in urban and industrial infrastructure, and demonstrates a strong presence in refineries and petrochemical complexes. The company offers turnkey solutions for semiconductor facilities, gigafactories, data centers, oil refineries, green fuel production, roads, bridges, integrated rail and metro systems, commercial buildings, and airports, power generation, transmission, and distribution systems, chemical processing plants, water supply and waste management systems, as well as mining and metal refining systems.

Tata Capital's net profit grew by 51% to 1,660 crore rupees in the second quarter of the fiscal year 2027
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Tata Capital's net profit grew by 51% to 1,660 crore rupees in the second quarter of the fiscal year 2027

Tata Capital announced on Tuesday a 51 percent increase in consolidated net profit, reaching 1,660 crore rupees for the September quarter of the fiscal year 2027. Previously, the company reported a net profit of 1,097 crore rupees for the period from July to September of the fiscal year 2026.

According to the report submitted to the regulatory authority, total income increased by 24 percent, amounting to 4,676 crore rupees in the September quarter of 2027, compared to 3,774 crore rupees for the same period a year earlier.

Rajiv Sabharwal, Managing Director and CEO of Tata Capital, noted that the company's loan portfolio exceeded 3 trillion rupees, highlighting the scale, diversification, and resilience of the company's franchise.

The Assets Under Management (AUM) of this non-banking lender reached 308,030 crore rupees, demonstrating a 26 percent year-on-year growth. Sabharwal also stated that asset quality remained stable, reflecting the company's continuous focus on portfolio quality, prudent underwriting, and effective collections.

Furthermore, in a separate filing with the stock exchange, Tata Capital announced that its board of directors approved a proposal to increase the existing medium-term bond program from USD 2 billion to USD 3 billion. Subject to market conditions, the issuance of foreign currency bonds/debt instruments will be carried out under the MTN Program through external commercial borrowings.

The company operates an all-India network of 1,515 branches, covering 26 states and union territories. Tata Capital shares closed on BSE 0.45 percent higher, at a price of 300.80 rupees per share.

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