Tata Group Lines Up Rs 65,000 Crore Capex For Current Fiscal

A number of Tata Group companies have lined up capital expenditure (Capex) worth Rs 65,000 crore for FY2014-15. The Capex is part of the respective medium-term strategies of different group companies specialising in engineering, materials, IT and communications, consumer products, services, energy and chemicals.

The majority of the investments will be done by Tata Steel, Tata Motors and Tata Consultancy Services (TCS). These three firms will put in Rs 16,500 crore, Rs 38,500 crore and Rs 4,000 crore, respectively.

Commenting on the initiative, a Tata Sons spokesperson said, “Capital expenditure plans of the group firms are available, wherever so declared, in their individual financial and business related announcements.

“Tata companies always take a long-term view of business and make the required investments, depending on the needs of the geography concerned and the company imperatives, on new products and services, research and technology development, and establishment or expansion of facilities and business enablers. We are, in general, optimistic about the emerging trends,” the spokesperson added.