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).