NEW DELHI: Various firms of diversified Tata group have lined up capital expenditure of a total of over 65,000 crore for the ongoing fiscal.
While Tata Steel would have a capex of nearly 16,500 crore in FY15, Tata Motors has earmarked around 38,500 crore, out of which 35,000 crore will be for its British arm JLR and 3,500 crore for its operations in India. The group’s information technology major TCS has also outlined a capex of 4,000 crore for this fiscal.
The spends are focused on already planned new products and services, as well as continuing development of new technologies and both for global and domestic operations. When contacted, a spokesperson of Tata Sons—the promoter of major operating Tata companies—said capital expenditure plans of 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 required investments,” the spokesperson added.