Tata group line up Rs 65,000 cr capex this fiscal

Various firms of diversified Tata group have lined up capital expenditure of a total of over Rs 65,000 crore for the ongoing fiscal.

The capex is part of respective medium-term strategies of the different companies covering all the business sectors of the group, ranging from engineering, materials, information technology and communications, consumer products, services, energy to chemicals.

The majority of the investments will be by the group's top companies, Tata Steel, Tata Motors and Tata Consultancy Services (TCS).

While Tata Steel would have a capex of nearly Rs 16,500 crore in fiscal 2015, Tata Motors has earmarked around Rs 38,500 crore, out of which Rs 35,000 crore will be for its British arm JLR and Rs 3,500 crore for its operations in India.

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