Tata Projects reworks bidding plan, risk management to boost profitability

At Rs 861.90 crore, Tata Projects is the winning bidder for a new complex that will house the country's legislative wing

Topics
Tata projects | Parliament | India Ratings

Amritha Pillay  |  Mumbai 

Engineering and construction firm Tata Projects earlier this month won the bid to construct India’s new Parliament building. This adds to the company’s existing impressive order line-up of significant projects. The company has also been re-working its bidding strategy in the last one year to improve profitability.

At Rs 861.90 crore, Tata Projects is the winning bidder for a new complex that will house the country's legislative wing. The company won the project with a narrow margin of Rs 3 crore. Since the winning margin is low, it shows that the company did not bid too ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, September 28 2020. 19:24 IST
RECOMMENDED FOR YOU