"We are a very technology focused company. Our mission is to really bring high technology into every project that would make communities or the societies of the world more efficient, prosperous and safe." - Vinayak Deshpande, Managing Director
Strategy is a word which is embedded first in each of Tata Projects Ltd's (TPL) seven business verticals - power generation, power transmission and distribution, railways, water and waste water, metals and minerals, quality services and oil, gas and hydrocarbons. With India's infrastructure sector poised to take a big leap, the word assumes a position of urgency for the company's minders. With an order book touching Rs 15,000 crore in 2013 and the bagging by TPL, along with Spanish ally Aldesa, of the first major contract on the eastern corridor of the ambitious Dedicated Freight Corridor project, the word has acquired a zing. "We are always eager to pioneer new initiatives leveraging our international expertise," says Vinayak Deshpande, Managing Director with a twinkle in his eye, which seems to suggest as much the confidence inherent in the Tata brand as the quiet determination to take on any construction challenge. He further highlights the company's USP, innovation, prospects, vision statement and so on...
On the company's USP: Our USP lies in delivering projects on time or before time and we take great pride in it. I think that is both the goal of the company as well as every employee. To that you could add adherence to the highest standards of quality, safety and integrity in the execution of every project.
On innovations: There are two very innovative areas in EPC - engineering and construction - both of which offer immense scope for innovation. Let us take an example of construction, anything can be constructed in many different ways, and if you are innovative you can reduce costs. We have been technologically innovative in every project that we have done including the Dedicated Freight Corridor where we employed track laying techniques which were used for the first time in India.
On the criticality of hr: People are most important. We require highly skilled engineers and getting skilled engineers is becoming difficult to an extent. So we have a school by the name of EPC Academy to acquire skills and training. The academy dedicates several training hours for bringing up new engineers to the quality that we require. We have also used some of our own staff as well as our retired staff to create a faculty. So, this is becoming a big success and it benefits the organisation. Again because of the group's brand value, we get good people to join us from engineering colleges and management institutions. The good thing is that the company is growing right - 20 to 24 per cent - in the last four to five years and that encourages people to work for us. I think people want their company to grow and that brings prosperity to the company as well as to them. Retaining them is not a problem in our case.
Partnerships and JVs:
On the company's prospects: The year 2013 will be fruitful for the company as we had maintained our growth rate through the ups and downs of 2012. Also we command a respectable position amongst our customers and industry alike. With a healthy balance sheet and a good order book, the organisation is geared to achieving greater heights. We look forward to the future with renewed optimism. I think the market are expanding very rapidly and requires good quality EPC players. So continuous improvement and continuous innovation will be the mantras for the company. We shall continue to grow.
Vision statement: We look forward to simplifying the lives of our customers and creating world-class projects with focus on on-time delivery.
1. Project: Power plant at Bhusawal Size: 1,000 MW Completion year: 2012-2013
2. Project: Pump house at Jamshedpur
3. Project: Blast furnace at RSP, Rourkela, Odisha
4. Project: Super Critical Thermal power plant at Krishnapatnam, Andhra Pradesh
Project: Power Grid - transmission line
Project: Dedicated Freight Corridor (DFC) for the Indian Railways
Details: The Tata Projects-Aldesa JV, was awarded the first major contract of Rs 3,300 crore for the DFC project, for the Eastern Corridor through an international competitive bidding process. The contract involves construction of a 343 km long double track line between Kanpur and Khurja in Uttar Pradesh. Value: The World Bank has funded approx Rs 5,800 crore ($975 million) for Eastern Corridor stretch which is a design-build lump sum contract Completion date: Ongoing, tentative timeframe of four years.
Year of establishment: 1979 Top management: Vinayak Deshpande, Managing Director; Manzoor Ameen, Chief Strategy Officer No. of employees: Over 2,200 Centres of operation: Hyderabad (Head Office), Mumbai, Delhi, Kolkata, Germany, South Africa, Kenya and 32 international locations Ongoing projects (with value): Approx Rs 15,000 crore of ongoing projects; key ones being Eastern Dedicated Freight Corridor, erection of blast furnace at NMDC Nagarnar and two power plants, etc. Turnover: Rs 3,600 crore (in 2012-2013) Current year order book: Approx Rs 15,000 crore (in 2012-2013) Range of projects handled: Power generation, transmission and distribution, quality services, water and waste water, oil, gas and hydrocarbon, railways, metals and minerals