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Business Standard
08-07-2025
- Business
- Business Standard
Tata Projects eyes order book of over Rs 60,000 cr from infra biz by 2030
The Buildings and Infrastructure (B&I) division of Tata Projects, the engineering, procurement and construction (EPC) arm of the Tata Group, is eyeing an order book of Rs 60,000–70,000 crore by 2030, according to Raman Kapil, Chief Operating Officer, B&I, Tata Projects. The business's order book as of 31 March 2025 stood at around Rs 30,000 crore, featuring projects across segments such as transport infrastructure, residential, commercial and industrial real estate. 'We're targeting metro projects, mega bridges, renewable and nuclear power, and private real estate. We'll go deeper in select cities, particularly in the data centre, aviation and maintenance, repair and operations (MRO) segments,' Kapil said. The company aims to focus more on geographies such as Mumbai, Delhi, Bengaluru and Hyderabad. Meanwhile, the division's annual turnover stood at around Rs 9,500 crore in the financial year 2025 (FY25), against Tata Projects' total income of Rs 17,564.89 crore in FY25. The company's B&I arm aims to grow its turnover to Rs 15,000–16,000 crore by FY30. The B&I division contributes about 50 per cent to Tata Projects' overall revenue. The rest is contributed by the Energy and Industrial (E&I) division of the company. In FY25, Tata Projects incurred a loss of Rs 696.56 crore against a profit of Rs 81.96 crore in FY24. 'Growth comes with challenges. We also have our own share of those challenges. But we have mostly come out of it, and now our paths and our directions are very clear,' Kapil explained. Currently, 60 per cent of B&I's order book is third-party, while 40 per cent comes from Tata Group projects. Kapil stated that there would be more group projects going ahead (45 per cent), leveraging the synergy with group companies. 'We aim to shift to a 55:45 ratio, growing our share of group projects,' he added. Further, the division would prefer private sector projects over government ones. According to Kapil, government sector projects come with challenges—approvals, right of way (RoW) issues and fund flow. 'We focus on financially secured government projects while prioritising private sector opportunities.' The division has been working on government projects such as metro lines across top-tier cities worth over Rs 12,500 crore, the Mumbai Trans Harbour Link worth Rs 2,400 crore (40 per cent stake), and the BDD Chawl redevelopment project in Mumbai worth Rs 11,744 crore (through a consortium of Tata Projects, Capacit'e Infraprojects and CITIC Group). However, going ahead, the company is not very keen to work on redevelopment projects such as that of BDD. 'We aim to complete BDD before taking up similar redevelopment projects. Our focus remains on private sector building projects.' Kapil also emphasised that the company does not want to enter the public–private partnership (PPP) space for the next three to four years. Earlier, in March 2025, Tata Projects decided to raise Rs 2,500 crore through a rights issue. Kapil stated that the fund-raising was to support the company's investments in technology, precast solutions, fabrication facilities in Nagpur, and cleanroom infrastructure for the semiconductor space. 'Our vision is to become a technology-led EPC company—leveraging BIM, drones and AI tools—to enhance speed, quality and risk management—to deliver predictable and sustainable projects through innovation and technology,' Kapil said.
Associated Press
20-05-2025
- Business
- Associated Press
Thomas Financial Group Closes Over $34 Million in Bridge Loans for USDA Takeout in Under 40 Days
ATLANTA, May 20, 2025 (GLOBE NEWSWIRE) -- In a powerful demonstration of speed and strategic execution, Thomas Financial Group (TFG), a wholly owned subsidiary of Community Bankshares Inc., in partnership with Siguler Guff, Phoenix Lender Services (PHX), and Community Bank & Trust, successfully originated, underwrote, and closed three hospitality bridge loans totaling over $34 million in less than 40 days. All loans are structured for USDA Business & Industry (B&I) program takeout, reinforcing the firm's capacity to deliver complex, time-sensitive financing solutions. While USDA lending is traditionally known for its thorough but lengthy approval process, TFG is redefining what's possible. Through creative structuring and seamless collaboration across its lending ecosystem, TFG and its partners provide rapid bridge loan execution to fill the timing gap – giving borrowers immediate access to capital while finalizing their long-term USDA financing. The recently closed projects will create and retain nearly 50 jobs across key rural markets. 'These transactions prove that USDA lending doesn't have to be slow or complicated,' said Zach Chandler, SVP, Government Guaranteed Lending of Thomas Financial Group. 'When you work with TFG, PHX, and Community Bank & Trust, you're getting a team that understands how to move at the speed of business – without compromising the long-term benefits of USDA-backed financing.' TFG's USDA bridge-to-permanent platform is available in all 50 states and every U.S. territory, providing borrowers in rural communities with access to flexible financing structures tailored to their timing and growth needs. In a market climate defined by rate uncertainty and capital constraints, borrowers value the security of a 30-year fully amortizing loan with no balloons or call provisions – exactly what USDA lending can provide. 'Peace of mind in today's economy is priceless,' added Chandler. 'Our ability to deliver both speed and long-term stability makes us a trusted partner for developers, business owners, and project sponsors across the country.' If you're seeking fast, creative financing for your rural project – with the peace of mind that comes from a long-term USDA solution – now is the time to act. Contact TFG today to explore our USDA bridge-to-permanent platform and discover what's possible when you partner with a team built for execution. TFG Contact Email: [email protected] Phone: (770) 655-1569 About Thomas Financial Group Thomas Financial Group, a wholly owned subsidiary of Community Bankshares Inc., is a nationally recognized leader in USDA and SBA lending. In partnership with Phoenix Lender Services and Community Bank & Trust, TFG specializes in complex capital solutions that support rural economic development, small business growth, and infrastructure expansion. About Community Bankshares Inc. Community Bankshares Inc. is a privately held financial holding company headquartered in LaGrange, Georgia, with subsidiaries including Community Bank & Trust, Thomas Financial Group, and Phoenix Lender Services. Through its network of specialized financial institutions, Community Bankshares Inc. delivers innovative, relationship-driven banking and lending services across the United States, with a strong emphasis on rural development, government-guaranteed lending, and community reinvestment. About Community Bank & Trust Community Bank & Trust is a full-service commercial bank and a subsidiary of Community Bankshares Inc. Based in LaGrange, Georgia, CB&T is an SBA Preferred Lender with a growing national footprint in USDA and small business lending. Known for its personalized service and deep lending expertise, CB&T partners with businesses and communities to deliver flexible, dependable financing solutions that support long-term growth across rural and underserved markets. About Phoenix Lender Services Phoenix Lender Services is the operational engine behind the USDA and SBA lending platform and wholly owned subsidiary of Community Bankshares Inc. Specializing in origination, underwriting, processing, closing, and servicing, Phoenix provides seamless back-end support and strategic oversight for government-guaranteed loans. With a team of seasoned professionals and a nationwide reach, Phoenix empowers lenders and borrowers with the tools and expertise needed to deliver consistent, compliant, and efficient results. Media Contact Abigail Davison Uproar by Moburst for Community Bankshares, Inc. [email protected]
