Page 13 - TCE Annual Report 2024-2025

Strategic Insights Business Review People & Community

I am pleased to present this Annual Report of Tata In the power sector, TCE continued to maintain
Consulting Engineers Limited for the year 2024 to 2025. leadership with contributions to over 12 gigawatts of
thermal power capacity and an 80 percent market share
This year has been marked by meaningful progress
and strategic choices. Under the theme Engineering in India’s pumped storage plants. Its policy work on
Excellence, Delivering Growth, TCE has reinforced its Small Modular Reactors and Bharat Small Reactors was
reputation as a trusted partner for complex, high-value acknowledged in the Union Budget, demonstrating its
engineering projects in India and internationally. The influence on India’s nuclear energy strategy.
company’s integrated OEPC™ model continues to Looking ahead, the global market outlook presents
deliver end-to-end solutions with quality, rigour, and both opportunities and challenges. As India targets
technical depth that stand out in the industry. doubling power generation and tripling steel
production by 2030, there will be growing demand
One of the most significant achievements this year
was the acquisition and integration of CDI Engineering for resilient urban systems, advanced manufacturing
Solutions in the United States. This strategic move facilities, and sustainable energy solutions. Globally, the
strengthens TCE’s delivery presence in North America energy transition is accelerating, with countries seeking
and brings over seventy years of specialised experience partners who can deliver clean energy infrastructure,
in chemicals, oil and gas, and industrial manufacturing. It reduce carbon footprints, and ensure energy security.
is not simply an expansion of markets but an investment Industries worldwide are under pressure to decarbonise
in complementary capabilities and expertise. Under and adopt advanced technologies, creating demand for
Project PLUS+, TCE is creating a unified identity that specialised engineering consulting with deep domain
offers clients consistent quality and local delivery backed knowledge and execution ability. TCE’s capabilities in
by global best practices. This acquisition is a clear step renewable energy, nuclear, hydrogen, green chemicals,
in TCE’s vision to become a truly global engineering and circular economy solutions position it well to meet
consulting firm. these needs.
The company’s vision for the coming years is to be
TCE’s financial performance in 2024 to 2025 has been
strong and disciplined. The company recorded total a leader in delivering integrated, sustainable, and
revenue of ₹ 2033 crore, growing from ₹ 1355 crore technology-driven solutions. TCE will continue to
in the previous year. Profit before tax rose to ₹ 368 invest in core engineering expertise, digital innovation,
crore, compared to ₹ 293 crore last year, reflecting including AI-enabled knowledge systems, and the
effective execution, cost management, and high-value development of its people. It will maintain its focus
project wins. The successful first year of CDI integration on ethics, safety, and governance, which remain the
contributed ₹ 221 crore in revenue, adding strength and foundation of its promise to clients and society.
diversity to the overall portfolio. TCE also maintained a I would also like to recognise the commitment and skill
healthy order book of ₹ 2958 crore at year end, ensuring of TCE’s people. Their dedication and professionalism
strong visibility for future growth. The company’s uphold the Tata values of trust, quality, and
entry into new geographies such as Australia and the responsibility. On behalf of the Board of Directors, I thank
Philippines, along with deeper engagements in North the management team, employees, clients, partners,
America and the Middle East, further diversified revenue and all stakeholders for their continued trust and
streams and strengthened its global presence. collaboration. I am confident that TCE will continue to
deliver on its purpose of Engineering a Better Tomorrow,
During the year, TCE demonstrated its ability
to deliver on national and global priorities. The supporting sustainable growth and prosperity for all.
company supported India’s ambitions for high-tech
manufacturing with projects in semiconductors, L. Krishnakumar
batteries, solar modules, industrial glass, and green Chairman
chemicals. It played a key role in advancing urban Tata Consulting Engineers Limited
infrastructure with sustainability at its core, including
projects such as the IIT Bombay campus and the Nag
River Pollution Abatement Project.

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