Page 142 - CW E-Magazine (27-8-2024)

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BUSINESS STRATEGY

Tata Projects bullish on growth in energy vertical

Tata Projects, the engineering, pro- each of them like oil and gas, metal, tive contracting business and so on; and
curement and construction arm (EPC) transmission and distribution, they all a mix of business coming from group
of Tata Group, expects the energy busi- would become equally placed within and external companies. He added that
ness to contribute 35% of its revenues that,” said Mr. Rajiv Menon, Chief the company is looking to increase the
in the next two-three years, up from Operating Offi cer, energy and industrial, share of group companies in their busi-
25% currently. at Tata Projects. Tata Projects is also into ness. The share of Tata companies in
building advanced semiconductors. the fi rm’s business has been 5%.
The company plans to achieve this
through growth in business from oil & The company posted a profi t after Mr. Menon said the company is
gas, power, metal and other segments, tax (PAT) of Rs. 120-crore on a revenue exploring the overseas markets to expand
as well as through an increase in busi- of Rs. 5,412-crore in FY24. their business in transmission & distri-
ness from group companies and over- bution and oil & gas sectors. “We are
seas expansion. Mr. Menon said it is part of the completing a couple of projects in Abu
company’s strategy to have a mix of Dhabi in the oil & gas segment and we
“As a business unit, it (energy) contri- oil & gas, power, metals, transmission are also evaluating a few other geogra-
butes about 25% to our revenues and and distribution; a mix of EPC, alterna- phies to see how we position,” he said.

Lanxess India bags two GEEF global awards

Lanxess India has won two Global
Environment and Energy Foundation
(GEEF) Global Awards – safety award
in the platinum category and the
watertech award in the sustainable
water management category for the
year 2024.

Mr. Balaram Khot, Wholetime
Director and Head of PTSE along with
Mr. Bharat Meesala, Senior Manager,
PTSE – Occupational Safety, Xact,
Responsible Care and Trade Compli-
ance received the awards on behalf of The company said the safety award chemical industry, while the watertech
Lanxess India at an event held in New recognises its achievements in maintain- award highlights its innovative approach
Delhi on 26th July 2024. ing the highest safety standards within the towards sustainable water management.

ALN Rao joins Recykal to lead electronics circularity

Recykal, a Hyderabad-based cir- and battery, offering circularity and Recykal’s existing digital solutions for
cular economy focussed tech startup, sustainability solutions. It is leveraging e-waste and spearhead its expansion
has announced the appointment of AI for revolutionising waste manage- into broader electronics recycling and
Mr. ALN Rao as Head of Electronics ment. sustainable practices. In his new role,
Circularity. he is expected to be at the forefront of
Mr. Rao, a veteran with 38 years of Recykal’s efforts to develop and imple-
Recykal operates in the categories experience in environmental stewardship ment innovative circularity solutions
of e-waste, plastic, paper, metal, tyre, and circular economy, will help fortify for the electronics industry.

142 Chemical Weekly August 27, 2024

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