“Noida International Airport Ltd is collaborating with DGCA (Directorate General of Civil Aviation) to obtain safety, security clearances, as well as the aerodrome license. The process is now focused more on regulatory approvals rather than construction,”
“Overall, our preparations are complete for the Prime Minister’s inauguration,” stated Vinayak Pai, CEO and Managing Director of Tata Projects, during a press briefing.
In response to a question, Pai mentioned that operations at the airport are anticipated to begin “in a short period of time.”
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He further noted that the company is actively adding new projects to its portfolio, aiming to sustain its order book in the range of ₹40,000 crore to ₹43,000 crore.
The company is involved in various projects within emerging sectors such as fourth-generation manufacturing, semiconductor manufacturing, solar panel production, and data centres.
“Our average project cycle time is decreasing. Many of these initiatives are completed within 18 months to two years… We pride ourselves on our fast-track and predictable project delivery, and we intend to maintain that competitive advantage,” he explained.
Last financial year, the company reported a net loss of ₹751 crore.
Regarding this, Pai stated, “These losses are due to the cumulative impact of projects that were underway during and before Covid. Many of these projects are now nearing completion.
“Our new project portfolio is steadily profitable. This year’s completion of older projects will pave the way for next year, where the new portfolio will positively influence profitability.” Tata Projects, a technology-driven engineering, procurement, and construction (EPC) firm, offers ready-to-deploy solutions for semiconductor facilities, giga factories, data centres, and more.
(Edited by : Jerome Anthony)
First Published: Nov 13, 2025 6:04 PM IST
