Tata Projects Ltd (TPL), the infrastructure Engineering and Construction arm of the Tata Group and Balfour Beatty plc’s newly-formed Indian subsidiary, Balfour Beatty India Pvt Ltd, today signed a memorandum of understanding (MOU) to collaborate on emerging infrastructure opportunities.
The MOU paves the way for the two companies to jointly identify and pursue infrastructure opportunities in India and sub Saharan Africa with initial focus on power generation, transmission, railways, mining, and water and waste water segments.
Balfour Beatty Chief Executive, Ian Tyler, commented:
“This agreement with Tata, one of the largest and most respected companies in India, offers Balfour Beatty an exciting strategic opportunity to develop a substantial business in India and Africa, markets of high potential. While we have an established presence in India, through our professional services business, Parsons Brinckerhoff, we now seek to develop our full range of capabilities in the region. This initiative is in line with our broader strategy to develop our business in the high-growth emerging markets.”
Expressing his happiness at this important strategic tie-up with a respected group like Balfour Beatty for expanding business operations particularly in global markets like Africa, Prasad Menon, Director of Tata Industries Limited and Tata Projects Limited, commented that it would fast-track TPL’s journey to emerge as India’s leading Engineering Procurement and Construction player. He stated that the Tata Group would look forward to synergetic collaboration with Balfour Beatty in more diverse fields in the years to come.
Analyst/investor enquiries:
Basak Kotler
Balfour Beatty plc
Tel +44 (0)20 7216 6924
Media enquiries:
Matt Graydon
Balfour Beatty plc
Tel +44 (0)20 7216 6911
A.Venkateshwar
Tata Projects Ltd
Tel +91 40 66238888
Notes to Editors:
1.Balfour Beatty (www.balfourbeatty.com) is a world-class infrastructure group with capabilities in professional services, construction services, support services and infrastructure investments.
We work in partnership with our customers principally in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East, who value the highest levels of quality, safety and technical expertise.
Key infrastructure markets include transportation (roads, rail and airports); social infrastructure (education, specialist healthcare, and various types of accommodation); utilities (water, gas and power transmission and generation) and commercial (offices, leisure and retail).
The Group delivers services essential to the development, creation and care of these infrastructure assets including project design, financing and management, engineering and construction, and facilities management services.
Balfour Beatty employs 50,000 people around the world.
2.Balfour Beatty India Pvt Ltd is the newly established Balfour Beatty business in India focusing on projects in the power generation, transmission, railways, mining, and water and waste water segments.
The Balfour Beatty Group has an active presence in India through our professional services division, Parsons Brinckerhoff employing 205 people. The business has two regional offices in New Delhi and Bangalore, and six project offices at Delhi Airport, DFCC Delhi, Mumbai, Hyderabad, Kolkata and Chennai.
3.Tata Projects Limited (TPL) (www.tataprojects.com) established in 1979 as an Engineering, Procurement and Construction (EPC) Company in the Tata Group, has emerged as one of the leading EPC Companies in India. It has been listed consistently in the Fastest Growing Construction Companies in India (Ninth in 2008 , Fifth in 2009, Third in 2010 and the fastest in 2011) and for the fifth consecutive year amongst the Most Admired Construction Companies in India. Renowned for its safety, quality and values driven deliveries in time, TPL is executing EPC of some of the largest coal based power plants, blast furnaces and cross country EHV transmission lines in the country.
TPL operates through seven Strategic Business Units – Power Generation, Transmission & Distribution, Railways, Water & Waste Water, Metals & Minerals, Oil Gas & Hydrocarbon and Quality Services. The Company has more than 2,300 employees spread across 3 Regional Offices, 15 Regional Inspection Centres and 3 Overseas Registered Offices and is currently executing 74 projects in India and abroad. Its top line has grown at a CAGR of about 35 per cent for the last 5 years registering a turnover of Rs.3097 crore (£406 million) in 2010-11.
TPL’s Corporate Sustainability activities include employability skill development of economically challenged youth, primary school education, safe drinking water (through RO plants manufactured in house) and health & community development.
