Vinayak Pai. File
| Picture Credit score: The Hindu
Having constructed industrial items, accommodations, hospitals, airports, devoted freight corridors, metro rail traces, stations, information centres and energy transmission traces, Tata Tasks Restricted, a number one EPC contractor majority owned by Tata Sons, is trying to construct inexperienced hydrogen and inexperienced ammonia items as a part of it’s future enlargement technique.
“Sustainability is a essential component for us and we see on this sustainability journey, loads of alternatives will open up in new sectors,” mentioned Vinayak Pai, MD & CEO, Tata Tasks in an interview.
“Inexperienced hydrogen, inexperienced ammonia is one factor which I consider will speed up over the following few years. Since India could be very properly positioned due to the excessive proportion of renewable power technology, primarily photo voltaic power technology, that energy can be utilized to generate both hydrogen or ammonia, which may then be saved and transported,” he mentioned.
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Mr. Pai mentioned the “different is the brand new idea of pump storage hydro the place you construct mainly to pump water within the daytime when you’ve got renewable power, and then you definately generate electrical energy within the evening.”
“All these are methods of harnessing the renewable power and due to our expertise of hydrocarbons via our oil, gasoline and hydrocarbon enterprise, now we have an excellent expertise of hydrogen which is a really troublesome component to deal with,” he added.
The corporate can also be seeing alternatives in sustainable aviation gasoline, biofuels for which it might construct biomass reactors for its clients.
Moreover this, since India is transferring to be a producing hub together with for EVs, Tata Tasks is alternatives in constructing battery manufacturing items and services that will probably be recycling the batteries.
Other than tapping into development alternatives, the corporate is constructing capabilities to execute and ship initiatives with extra predictably each by way of value and time-frame.
“Our focus is extremely on how we will be the most effective at delivering initiatives and that’s why we put extra emphasis on predictable undertaking supply,” Mr. Pai mentioned
“Predictably, by way of time, value, security, high quality. will not be nice in the present day. Thats not solely in India, it’s there globally. So there’s loads of alternative to plan higher and to do initiatives extra predictably,” he mentioned. “If we try this, we will probably be wanted globally,” he added.
Having became earnings final 12 months [₹139 crore on revenues of ₹17,247 crore in FY24] after two years of losses [due to the impact of COVID on projects] Tata Tasks is now double digit development in FY26.
“Double digit development for positive. I’d say it can begin as a low double digit and extra quickly transfer to excessive double digit, each by way of high line and backside line,” Mr. Pai mentioned.
Printed – October 19, 2024 04:54 pm IST
