The agreement is between Tata Projects and Balfour Beatty India.
The MOU is intended to pave the way for the two companies to identify and pursue infrastructure opportunities in India and sub-Saharan Africa, with an initial focus on power generation, transmission, railways, mining, water and wastewater.
"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,” said Balfour Beatty chief executive Ian Tyler. “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.”
Prasad Menon, director of Tata Industries and Tata Projects said that it would fast-track the company’s journey to emerge as India's leading engineering procurement and construction player. He said that the Tata Group would look forward to synergetic collaboration with Balfour Beatty in more diverse fields in the years to come.