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Tata group firms line up Rs 65,000 cr capex in FY14

54Various firms of diversified Tata group have lined up capital expenditure of a total of over Rs 65,000 crore for the ongoing financial year. The capex is part of respective medium-term strategies of the different companies covering all the business sector of the group, ranging from engineering, materials, information technology and communications, consumer products, services, energy to chemicals.

The majority of the investment will be by the group;s top companies, Tata Steel, Tata Motors and Tata consultancy Services(TCS).

Tata Group lines up Rs 65 K-cr capital expansion this year

52Even as the Indian economy reels from a slowdown,the Tata Group is not waiting for things to turn around. In fact, the froup’s various companies have lined up capital expenditure plans of close to Rs 65,000 crore in 2014-15.

The capex plans announced by Tata Group companies is a part of the gropu’s medium to long term investments to boost growth across sector

Tata motors will incur a significant amount of the capex Rs 38,500 crore mainily at its luxury jaguar, Land Rover unit in the UK, of which Rs 3,000-37,000 crore will be incurred by JLR.