Various 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).
While Tata Steel would have a capital expenditure of nearly Rs 16,500 crore in financial year 2014-15. Tata Motors has earmarked around Rs 38,500 Crore, out of which Rs 35,000 crore will be for the British arm JLR and 3,5000 crore for its operations in India.