Tata bets big on oil & gas

New Delhi: Riding high on the pace of growth in the oil and gas, nuclear and urban infrastructure sectors, Tata Projects, a part of the diversified Tata Group, is eyeing up to Rs 16,000 crore worth of revenue this fiscal.

The company, one of fastest growing infrastructure companies in the country with an order book of around Rs 50,000 crore currently, hopes to bag another Rs 25,000 crore of contracts in the current financial year, chief operating officer for industrial systems Satyanarayana K said.

He said the company is upbeat about the potential in the oil and gas sector along with the prospects of nuclear power projects picking up as thermal projects loses policy thrust for a litany of reasons including pollution. The company recently bagged an order worth around $ 321 million from Nuclear Power Corporation to construct the main plant buildings and structures, among others for a 2×700 MW nuclear plant from Gorakhpur-Haryana Nuclear Power Project

NT Bureau